SOURCE / ECONOMY By GT staff reporters Published: Mar 08, 2021 09:52 PM
Major targets of China s 14th Five-Year Plan (2021-25). Graphic: GT
China is aiming to lift its economic, technological and national strength to a new, higher stage in the next five years, under a sweeping blueprint that has put heavy emphasis on improving domestic economic conditions, boosting technological innovation and national security, while leaving sufficient room to cope with mounting risks and challenges, officials said on Monday.
In a break from a decades-long tradition, China s 14th Five-Year Plan (2021-25) did not set a specific GDP growth target - for the first time in the country s history of making up five-year plans - but instead stresses goals in other indicators, including unemployment rate, energy consumption and carbon dioxide emissions, in line with a mission to improve people s livelihood and quality of development. The change also reflected mounting uncertainties for the Chinese
From:ChinaDaily | 2021-03-04 07:12
Strategy will consolidate nation s key role in global market, say experts
China is seeking a new position in the global economy, aiming to simultaneously become a world market and a world factory , which will consolidate its key role in the global market, with deeper integration into global society, according to top-level policy advisers.
That is a blueprint not only for guiding this year s economic work, but also setting a basic principle for China s 14th Five-Year Plan (2021-25), indicating policymakers determination to further open the domestic market.
Legislators and political advisers will gather in Beijing this week to discuss the key issues of China s development at the annual sessions of the National People s Congress and the National Committee of the Chinese People s Political Consultative Conference.
Policy advisers: Dual circulation vital to growth chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Economic momentum continues in February
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The container terminal of Xiuying Port in Haikou, Hainan province. [Photo/China News Service]
China was confirmed to have been the only major economy that expanded in the crippling pandemic year of 2020, and it also sustained its growth momentum in February, making it a key engine of global economic rebound, officials and experts said on Sunday.
With an annual growth of 2.3 percent, the Chinese economy was the world s only major economy to have avoided contraction in 2020. Its 101.6 trillion yuan ($15.7 trillion) GDP is estimated to account for more than 17 percent of the world s economy, the National Bureau of Statistics said on Sunday.
MIL-OSI China: Nation builds on growth momentum | ForeignAffairs co nz foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.