Plan aims to balance growth with reform
By Louis Kuijs | China Daily | Updated: 2015-11-04 07:47
According to the communiqu?? issued after the recently concluded Fifth Plenum of the 18th Communist Party of China Central Committee, the 13th Five-Year Plan (2016-20) should help make China "moderately prosperous", with "medium to rapid" growth continuing, further reduction in poverty, and better social welfare, governance and environmental protection.
Growth ("development") remains the top priority with policymakers officially noting that 6.5 percent GDP growth from 2016 to 2020 will be enough to meet the existing target of doubling GDP between 2010 and 2020. This is a strong hint that the growth target for the 13th Five-Year Plan will be set at 6.5 percent.
Premier Li Keqiang basically confirmed this later on.
Photo
