Report: China's Five-Year Plans Advance Country's Socioeconomic Development

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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

BEIJING, Nov. 7 (Xinhua) — China's 14 five-year plans over the past decades have greatly promoted the country's economic and social development, achieving two miracles: rapid economic growth and long-term social stability, a think tank report said Friday.

The report, titled "A Key Stage in the Main Implementation of China's Modernization – Strategic Plan for China's Economic and Social Development during the 15th Five-Year Plan Period," was jointly released by high-level national think tanks affiliated with the Party History and Documents Research Institute of the CPC Central Committee and the Xinhua News Agency.

Since the First Five-Year Plan (1953-1957) laid the industrial foundation for development, China has grown and maintained its position as the world's second-largest economy, the report notes.

According to the report, China's GDP at constant prices in 2023 was 223 times higher than in 1952, while GDP per capita increased 89 times over the same period.

In a world full of change and uncertainty, the formulation and implementation of the 15th Five-Year Plan (2026-2030) will enable China to maintain its role as the main engine and anchor of peace and development, presenting the world with a vision of unshakable and lasting certainty, the document says. -0-

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