The upcoming fourth session of the 14th National People's Congress (NPC) will examine and approve the draft outline of China's 15th Five-Year Plan (2026-2030), a spokesman for the upcoming NPC session said on Wednesday, as he stressed how the country's five-year plans function as strategic frameworks for economic and social development.
Lou Qinjian, the spokesman, was speaking at a press conference held in Beijing one day before the start of the annual gathering of the NPC, China's national legislature.
"Formulating and implementing five-year plans is an important experience of the Communist Party of China (CPC) on national governance. Since the first five-year plan in the 1950s, China has formulated and implemented 14 five-year plans consecutively, leading to the twin miracles of rapid economic growth and long-term social stability. This demonstrated the advantages of China's system, including upholding the leadership of the CPC, pooling all resources to accomplish major tasks, promoting interplay between an efficient market and a well-functioning government, and persevering and delivering on the master plan. Last year, the 14th Five-Year Plan was successfully completed, China's economic aggregate exceeded 140 trillion yuan (about 19.6 trillion U.S. dollars), contributing around 30 percent of global economic growth," he said.
"The 15th Five-Year Plan period will be a critical stage during which China will work to reinforce the foundations for and push ahead on all fronts towards basically realizing socialist modernization. The fourth plenary session of the 20th CPC Central Committee adopted the recommendations for formulating the plan, providing a strategic deployment for China's development in the next five years. The draft outline of the plan, upon extensive public consultation, will be submitted to the NPC session for review and approval, and released for implementation thereafter. Through statutory procedures, the Party's propositions thus becomes the will of the state and the collective action of the people," said Lou.
With decades of exploration and practice, China has established institutional arrangements of formulating and executing these five-year plans, Lou said. The work falls under the centralized, unified leadership of the CPC Central Committee, which puts forward the recommendations for formulating the plans. The State Council drafts the outline of the plan, which is submitted to the NPC for review and approval. The NPC then publishes the outline for a national wide implementation, the spokesman told the press.
The upcoming NPC session will deliberate on a draft law on national development planning, which codifies these mature practices and will allow national development plans to better serve as a strategic guide, he said.
The localities and government departments will make various plans at their own levels in accordance with the outline of the 15th Five-Year Plan, so that the whole country will work as one to ensure the objectives and tasks set out in the plan are fulfilled. The NPC and its standing committee will exercise supervision over the plan's execution in accordance with law, Lou said.
China's national legislature to examine draft outline of 15th Five-Year Plan: spokesman
