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Economic rebalancing was the plan's core objective. [3]: 12 The plan also continues to advocate objectives set out in the Eleventh Five-Year Plan to enhance environmental protection, accelerate the process of opening and reform, and emphasize Hong Kong's role as a center of international finance. [1] [4] [5]
It was the first time in China's history that an all-round plan for social and economic development was created at the start of a new five-year plan. The national goals of the Plan included speeding up development on the coast, with inland regions role's being to "support and accelerate coastal development."
Printable version; In other projects Wikidata item; Appearance. move to sidebar hide. ... Thirteenth five-year plan; Twelfth five-year plan (China) This page was ...
Twelfth Five-Year Plan may refer to: The Twelfth Five-Year Plan (People's Republic of China), began in 2011 and ended in 2015; The Twelfth Five-Year Plan (Soviet Union), began in 1986 and ended in 1990; The Twelfth Five Year Plan (India) began in 2012 and ended in 2017
Last year, China also set an “around 5%” target, in what was then the country’s lowest numerical target announced in decades. Earlier this year, it said economic growth had reached 5.2% in 2023.
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
China’s economy grew by about 5.2% in 2023, slightly better than the official target Beijing had set, Premier Li Qiang said Tuesday at the World Economic Forum’s annual meeting in Davos ...
“The 2024 challenge for the Chinese economy will not be GDP growth — that will likely be above 4.5%,” said Derek Scissors, senior fellow at the American Enterprise Institute, a center-right ...