five year plan

China Sets Moderate Economic Goals, Eyes Innovation and Development

China’s central government closed its annual National People’s Congress on Wednesday on a positive note, touting successful implementation of its previous Five-Year Plan and setting new targets for the years ahead.

Premier Li Keqiang highlighted several key points on China’s economy in his closing news conference:

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Chinese Officials Talk Directly to USCBC Members

The US-China Business Council (USCBC) welcomed senior Chinese leaders this week to brief USCBC members on China’s competition scheme and the country’s national goals for the coming years. Visiting officials include top leaders from China’s Ministry of Finance (MOF), Ministry of Commerce (MOFCOM), National Development and Reform Commission (NDRC), and People’s Bank of China (PBOC).

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13th Five-Year Plan Stresses Economic Restructuring

The PRC National People’s Congress concluded this month with the release of China’s 13th Five-Year Plan (FYP) on National Economic and Social Development. Outlining economic policies and targets to drive industry development in China through 2020, the plan focuses on maintaining economic growth and social stability while continuing reform efforts.

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