China’s first Five-Year Plan was created in 1953, and the country has since regularly published its social and economic growth objectives, priorities, and strategies in this form. The 13th Five-Year Plan, covering the period from 2016 to 2020, serves as a roadmap for China’s development in key areas ranging from agricultural modernization to the environment to the cyber economy. With the prominent role the Five-Year Plans play in China’s overall policy-making apparatus, understanding these plans is a must for any serious China observer.
Counsellor to the State Council and Guanghua Professor of Management Practice XU Xianping will discuss the formation, implementation and achievements of China’s Five-Year Plans based on his first-hand experience participating in the drafting process during his tenure as Deputy Director of the National Development and Reform Commission. His lecture will answer questions such as:
● How to promote long-term economic development driven by the government and the market together?
● From the completion of the “12th Five-Year Plan” to the drafting of the “13th Five-Year Plan”, what achievements have been made in China’s economic transformation?
● How to identify the next strategic focus according to the macro background of economic transformation?