September 29, 2020

Ahead of a key meeting that will determine China's development path in the next five years, Chinese economists predicted that the country's policymakers will downplay the country's GDP growth target in its new economic plan, keeping it at a lower level of around 5 percent, or even scrap the specific target since the world's second-largest economy is set to drop the quantity-oriented growth model and focus on structural and quality optimization in the face of what could be the "toughest years" ahead.

The Political Bureau of the Communist Party of China (CPC) Central Committee met on Monday to review a report on public consultations on a CPC document on the formulation of the 14th Five-Year Plan (2021-25) for Economic and Social Development, and targets for 2035.

The document, after being revised based on opinions raised at the meeting, will be submitted for deliberation at the Fifth Plenary Session of the 19th CPC Central Committee in Beijing from October 26 to 29, where the leaders are expected to discuss and approve China's economic and social development blueprint for 2021-2025.

Read more:

https://www.globaltimes.cn/content/1202492.shtml