The following translation is of the Chinese Communist Party (CCP) proposal—approved at the Fifth Plenum of the 19th CCP Central Committee in late October 2020—on China’s 14th Five-Year Plan. The plan proposal, covering the years 2021-2025, is unique among such documents in that it also includes basic economic objectives for 2035. The plenum proposal sets near-term priorities for PRC economic development, including for China’s tech sector and emerging industries. In keeping with previous plenum proposals, this document does not delineate any quantitative measures for success, leaving these specifics to be determined by subsequent plans.
The Chinese source text is available online at:
https://web.archive.org/web/20201104114039/http://www.xinhuanet.com/politics/zywj/2020-11/03/c_1126693293.htm
US $1 ≈ 7 Chinese Yuan Renminbi (RMB), as of December 1, 2020.
The 14th Five-Year Plan period [2021-2025] is the first five-year [period] after China achieved the first centennial objective1 of establishing a well-off society in an all-round way. Riding this momentum, we are pressing the advance toward the second centennial objective, embarking on the new journey to build China into a modernized socialist country in an all-round way. The fifth plenum of the 19th Chinese Communist Party [CCP] Central Committee has deeply analyzed the domestic and international situations, and makes the following proposals regarding formulation of the 14th Five-Year Plan for economic and social development and the long-range objectives for the year 2035.
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Proposal of the Central Committee of the Chinese Communist Party on Drawing Up the 14th Five-Year Plan for National Economic and Social Development and Long-Range Objectives for 2030- Translator’s note: China’s “two centennial objectives” (两个一百年奋斗目标), as defined by Xi Jinping in his Report to the 19th Party Congress in 2017, are: (1) Form a well-off society in an all-round way (全面建成小康社会) by 2021, the centennial of the founding of the Chinese Communist Party (CCP); and (2) establish China as a rich, strong, democratic, civilized, harmonious, beautiful modernized socialist world power (把我国建成富强民主文明和谐美丽的社会主义现代化强国) by around 2049, the centennial of the founding of the People’s Republic of China (PRC). The 19th Party Congress Report further divides the period between the two centennials into two stages (2021-2035 and 2035-2049), with the completion of the first stage marked by “basically achieving socialist modernization” (基本实现社会主义现代化) by 2035.