World Affairs

14 h China 5-year plan   The Chinese 14th, 5-Year plan was drafted during the 5th plenum of the Central Committee which held from 26 to 29 October 2020.  The draft is based on socio-economic issues that China wants to resolve by 2025 and wants to achieve some goals by 2035. What is the 5-year plan? The five-year plan is a series of economic and social initiatives that are decided and written by the Central Committee of China after every 5 years. This is a detailed outline of the country’s social and economic growth for the upcoming 5-years. Since 1953, the socio-economic goals of China were shaped in the 5-year plan. After independence in 1949, the People's Republic of China faced an economic recovery period that lasted until 1952. The following year (1952) China first drafted its 5-year plan in 1953-57. After that 5-years plan has been in continuous implementation in China. Did 5-year plan work? The strategy which China adopts in 1952 to balance their socio-economic