Want China Times
Editorial
Date: 2015-04-30

China’s 13th five-year development plan, which Beijing has been preparing

Construction workers build a communications tower at the Haiyang Nuclear Power Plant, one of the key energy projects under the 13th five-year plan, in Yantai, Shandong province, April 23. (File photo/Xinhua)

since April 2014, is expected to become the basis of the country’s economic policy from 2016 to 2020 after it is rubber-stamped by the National People’s Congress next March.

As China enters a period of economic restructuring being described as the “new normal,” it will almost certainly lower its economic growth projections for the next five years and play down the importance of growth as it focuses on reshaping the economy.

It is believed China will set an annual GDP growth target of 6.5% in the 13th five-year plan.     [FULL  STORY]