China’s five-year plan to tame economy dragon

In a bid to halt the continued economic slowdown, and emerge as a moderately prosperous society by 2021, on Communist Party of China’s 100th anniversary, China’s parliament yesterday approved a new five-year plan, laying out the economic and social development blueprint that sets a target of an average annual economic growth of above 6.5 per cent

migrator|17 March 2016 4:37 AM IST

Beijing

Long march to prosperity

China sets target year as 2020 to double double GDP and per capita personal income from the 2010 level
By 2020, the size of China’s economy is expected to exceed 90 trillion yuan (USD 13.8 trillion) compared with 67.7 trillion yuan in 2015, according to the plan
The five-year plan aims at achieving medium- high growth in the next five years
Adopts charity law, effective September this year, easing restrictions on fund-raising and charity group operations
We are confident that as long as we continue to reform and open up, China’s economy will not suffer a hard landing,” said China’s Premier Li Keqiang
China’s economy expanded by 6.9 percent last year, its weakest pace in a quarter of a century
China to cut red tape for businesses, work to reduce corporate debt, improve financial regulation

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for Android