Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, October 15 (Xinhua) — During the 14th Five-Year Plan, China faced a number of objective challenges. However, despite all the difficulties, the country managed to maintain high growth rates. This was stated by Andrei Vinogradov, a Russian sinologist and director of the Center for the Study of Contemporary China at the Institute of Oriental Studies of the Russian Academy of Sciences.
"Over the past five years, China has managed to maintain a relatively high rate of economic growth, despite all the objective circumstances," A. Vinogradov said in an interview with Xinhua. He cited challenges such as the impact of the coronavirus epidemic, energy market volatility, and the US-led trade war.
"All these circumstances seriously complicated the development of the Chinese economy during the 14th Five-Year Plan. Under these conditions, China managed to maintain growth rates above 5 percent. This is a very significant achievement," noted A. Vinogradov.
According to him, ensuring high rates of economic growth will remain one of China's most important tasks during the 15th Five-Year Plan period. Given the ineffectiveness of international economic institutions and the rise of protectionism worldwide, maintaining high growth rates primarily through foreign trade is becoming increasingly difficult.
A. Vinogradov noted that China is addressing this issue by stimulating domestic demand and developing new markets along the Belt and Road. "I believe that some decisions aimed at stimulating the economy could be made, which will help maintain the necessary rate of economic growth," the Russian expert stated.
In connection with the transition to high-quality development—and, according to the Russian orientalist, this thesis will be repeated as a key one in the 15th Five-Year Plan—social programs, human capital development, education systems, and social security will be a priority. Among the top priorities, the expert added, will be innovative development, the advancement of science and technology, and environmental issues.
"As for the policy of openness, I think it will continue during the 15th Five-Year Plan. This is a strategic course, and China will not abandon it. If only because, for 40 years, all Chinese reforms have been linked to openness," A. Vinogradov emphasized.
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