Facing a volatile world, Beijing has renewed its focus on economic and industrial planning
As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set the tone for the country’s development over more than seven decades – we examine how these documents inform and reflect high-level policy priorities, what to expect in the coming iteration and why Beijing has continued this tradition after the seismic economic changes of the reform era.
“Plans can’t keep up with changes,” the Chinese proverb goes. Yet for more than seven decades, China has relied on successive five-year plans to chart its course, making it one of the few nations steadfastly committed to long-term planning – a strategic approach President Xi Jinping calls a “unique political advantage”.
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