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China plans next five-year plan

According to the Xinhua news agency, the State Development and Reform Committee of the PRC announced the start of work on drawing up a plan for the next five-year plan for 2016-2020.

During the 13 five-year plan period, the ambitious goal of comprehensively building a moderately prosperous society, achieving priority results in terms of comprehensive reform deepening and significant progress in transforming the national economy development model should be achieved, said Xu Shaoshi, head of the state committee Thursday’s tele-teleconference meeting on the preparation of a five-year socio-economic development plan.

He drew attention to the fact that at present China has entered a new period of development, when chances and risks will be unprecedented. Deep changes are observed in everything - the structure of growth of the world economy, the international division of labor, the rules of global investment and trade, the geopolitical environment, etc.

The medium-term and long-term development plan is an important way to bring the government system and the government's managerial capabilities in line with the requirements of the present, Xu Shaoshi stressed. He is convinced that the new plan should meet the requirements of the era even more and reflect the aspirations of the people.

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