China’s 13th five-year plan to boost consumption

World Today

The Chinese communist party is holding a key meeting to figure out a development blueprint for the next 5 years. The 13th five-year plan will be an important document that guides the country’s economic and social development.

An important task on the agenda of the 5th plenary session of the CPCCC (Communist Party of China Central Committee), is the drafting of the 13th five-year plan. It will have a significant impact on China and the rest of the world.

The government has made it clear that the key to maintaining economic growth is by transforming the country’s growth model to a consumption driven one. The economy is moving from an export-led model of growth to a consumption model of growth.

In order to achieve that, coordination of a wide range of different social policies is needed.

CCTV’s Yang Chengxi reports from Beijing

China's 13th five-year plan to boost consumption

China's 13th five-year plan to boost consumption

The Chinese communist party is holding a key meeting to figure out a development blueprint for the next 5 years. The 13th five-year plan will be an important document that guides the country's economic and social development.
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More details:

  • Currently, the government spends 70 percent of its fiscal revenue on welfare programs.
  • In the 12th five-year plan, the government set an objective of creating 9 million new jobs in the country every year, and it has completed 70% of this goal by mid year.
  • The job creation objective is expected to rise to 10 million per year in the 13th five-year plan.

Ding Yifan on CPC opening day
For more on the 13th year plan of the CPC (Communist Party of China), CCTV America spoke to Ding Yifan. He is a senior fellow of the Institute of World Development under the Development Research Center of the State Council.

Ding Yifan on CPC opening day

Ding Yifan on CPC opening day

For more on the 13th year plan of the CPC (Communist Party of China), CCTV America spoke to Ding Yifan. He is a senior fellow of the Institute of World Development under the Development Research Center of the State Council.
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Dali Yang on China’s economic growth
For more on the tremendous transformations in China, CCTV America’s Philip TK Yin spoke to Dali Yang. He’s a Professor in the Political Science Department at the University of Chicago.

Dali Yang on China\'s economic growth

Dali Yang on China\'s economic growth

For more on the tremendous transformations in China, CCTV America's Philip TK Yin spoke to Dali Yang. He's a Professor in the Political Science Department at the University of Chicago.
Download Video