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China releases full texts of development plans, budgets reports

Source: Xinhua 2016-03-18 18:04:08
[Editor: Tian Shaohui]

BEIJING, March 18 (Xinhua) -- A report on China's yearly economic and social development plans and another one on China's central and local budgets were released in full via Xinhua News Agency on Friday.

The Fourth Session of the 12th National People's Congress (NPC) on Wednesday adopted a resolution to approve the Report on the Implementation of the 2015 Plan for National Economic and Social Development and on the 2016 Draft Plan for National Economic and Social Development.

The Report on the Execution of the Central and Local Budgets for 2015 and on the Central and Local Draft Budgets for 2016 were also passed at Wednesday's NPC session.

The English-language full texts of the two reports will be released later on Friday.

Related:

Xinhua Insight: Lawmakers approve China's five-year plan against economic headwinds

BEIJING, March 16 (Xinhua) -- Chinese lawmakers on Wednesday approved the country's economic and social development blueprint for the 2016-2020 period, which sets targeted average annual economic growth at above 6.5 percent in the next five years.

A total of 2,778 lawmakers, or 97.27 percent, voted in favor of the five-year plan at the closing meeting of the annual session of the National People's Congress (NPC).  Full story

China Headlines: A decade in two 5-year plans

BEIJING, March 16 (Xinhua) -- What's the easiest way to get a comprehensive picture of China's economy and society?

"The five-year plan" is one possible answer.  Full story

News Analysis: Decoding political logic behind China's economic miracle

BEIJING, March 15 (Xinhua) -- Mesmerized by China's dazzling growth in past decades, the world has found it difficult to analyze the phenomenon through existing archetypes of modern economics.

The draft of the 13th Five-Year Plan sets the direction for China from 2016 to 2020 by demanding medium-high growth, driving the world economy. The magic key to the China miracle may not, however, be an economic one, but political logic. Full story

Xinhua Insight: Rewards and risks in China's Five-Year Plan

BEIJING, March 12 (Xinhua) -- Investors are optimistic that China's new five-year blueprint will support ongoing development, but reform imperatives may need to be re-prioritized to meet the proposed growth target.

The draft outline of the Five-Year Plan, China's 13th since 1953, was unveiled on March 5. It will be finalized on March 16, when the national legislature annual session draws to a close.Full Story

News Analysis: The global impact of China's 13th Five-Year Plan

BEIJING, March 10 (Xinhua) -- China's 13th Five-Year Plan concerns more than just its own domestic affairs. The world should sit up and pay attention: it will have a global impact, analysts said.

"China has been the powerhouse of the world for decades. In the next five years, ballooning domestic demand, investment and buying power will further vitalize the global economy," said Chen Fengying, world economy researcher with the China Institute of Contemporary International Relations.Full Story


 

[Editor: Tian Shaohui]
 
China releases full texts of development plans, budgets reports
                 Source: Xinhua | 2016-03-18 18:04:08 | Editor: Tian Shaohui

BEIJING, March 18 (Xinhua) -- A report on China's yearly economic and social development plans and another one on China's central and local budgets were released in full via Xinhua News Agency on Friday.

The Fourth Session of the 12th National People's Congress (NPC) on Wednesday adopted a resolution to approve the Report on the Implementation of the 2015 Plan for National Economic and Social Development and on the 2016 Draft Plan for National Economic and Social Development.

The Report on the Execution of the Central and Local Budgets for 2015 and on the Central and Local Draft Budgets for 2016 were also passed at Wednesday's NPC session.

The English-language full texts of the two reports will be released later on Friday.

Related:

Xinhua Insight: Lawmakers approve China's five-year plan against economic headwinds

BEIJING, March 16 (Xinhua) -- Chinese lawmakers on Wednesday approved the country's economic and social development blueprint for the 2016-2020 period, which sets targeted average annual economic growth at above 6.5 percent in the next five years.

A total of 2,778 lawmakers, or 97.27 percent, voted in favor of the five-year plan at the closing meeting of the annual session of the National People's Congress (NPC).  Full story

China Headlines: A decade in two 5-year plans

BEIJING, March 16 (Xinhua) -- What's the easiest way to get a comprehensive picture of China's economy and society?

"The five-year plan" is one possible answer.  Full story

News Analysis: Decoding political logic behind China's economic miracle

BEIJING, March 15 (Xinhua) -- Mesmerized by China's dazzling growth in past decades, the world has found it difficult to analyze the phenomenon through existing archetypes of modern economics.

The draft of the 13th Five-Year Plan sets the direction for China from 2016 to 2020 by demanding medium-high growth, driving the world economy. The magic key to the China miracle may not, however, be an economic one, but political logic. Full story

Xinhua Insight: Rewards and risks in China's Five-Year Plan

BEIJING, March 12 (Xinhua) -- Investors are optimistic that China's new five-year blueprint will support ongoing development, but reform imperatives may need to be re-prioritized to meet the proposed growth target.

The draft outline of the Five-Year Plan, China's 13th since 1953, was unveiled on March 5. It will be finalized on March 16, when the national legislature annual session draws to a close.Full Story

News Analysis: The global impact of China's 13th Five-Year Plan

BEIJING, March 10 (Xinhua) -- China's 13th Five-Year Plan concerns more than just its own domestic affairs. The world should sit up and pay attention: it will have a global impact, analysts said.

"China has been the powerhouse of the world for decades. In the next five years, ballooning domestic demand, investment and buying power will further vitalize the global economy," said Chen Fengying, world economy researcher with the China Institute of Contemporary International Relations.Full Story


 

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