The 13th Five-year Plan

the 13th Five-year Plan, officially published in March 2016, is the short form for The 13th Five-year Plan of the People’s Republic of China on National Economic and Social Development. The plan has set the strategic goals for national development from 2016 to 2020, with specific objectives, tasks and measures outlined for implementation. It serves as a guide for market entities and as an important frame of reference by which the government performs its functions. In summary, it embodies the aspirations of the Chinese people for a better life as it sets the goal to build a moderately prosperous society in all respects by the year of 2020.

It presented for the first time the five concepts for development: innovative, coordinated, green, open, and inclusive. In order to achieve the goal of building a moderately prosperous society, the plan identifies targets for economic and social development in five areas: steady economic growth at medium-high speed; extensive improvement of living standards; improvement of the cultural level of the population and a rise in ethical standards; overall enhancement of the quality of the environment; and well-established systems and structures in different areas.