The PRC Economy: Prospects of its Development in the Period of the 14-th Five Year Plan (2021-2025)

Occupation: Chief Research Scholar; Professor
Affiliation:
Institute of Oriental Studies, Russian Academy of Sciences
Moscow V.I.Lenin State Normal University.
Address: Rozhdestvenka, 12, Moscow, 107031, Russian Federation

Journal name

Problemy Dalnego Vostoka

Edition

Issue 2

Pages

41-54

Abstract

The article analyses problems of China’s social and economic development in the period of the 14-th Five Year Plan (2021-2025) by the materials, which were published in October, 2022 at the XX Congress of the CPC and in March, 2023 at the First Session of the National People’s Congress (NPC) of the 14-th Convocation. This article sums up the social and economic results of 2022, when economic growth rates were much less than in the period of economic reforms at the end of the XX century and in the beginning of the XXI century because the COVID-19 epidemic and evident decrease of the world economic development. Never the less a lot of economic indices of China proved to be higher than all over the world, and now China is one of the world economic leaders. The First Session of the NPC planned quite realistic goals of social and economic development of China for 2023. The author considers, if China fulfills its tasks by the end of the 14-th Five Year Plan, it will strengthen its economic potential and promote living standards of the Chinese population.

Keywords

14-th Five Year Plan, the XX Congress of the CPC, the First Session of the National People’s Congress (NPC) of the 14-th Convocation, social and economic development, economic potential, gross domestic product (GDP)

Received

02.04.2023

Publication date

06.05.2023

Number of characters

38496

Cite

GOST	Ostrovskiy A. The PRC Economy: Prospects of its Development in the Period of the 14-th Five Year Plan (2021-2025) // Problemy Dalnego Vostoka – 2023. – Issue 2 C. 41-54 [Electronic resource]. URL: https://pdv.jes.su/S013128120025334-8-1 (circulation date: 13.05.2024). DOI: 10.31857/S013128120025334-8
MLA	Ostrovskiy, Andrew "The PRC Economy: Prospects of its Development in the Period of the 14-th Five Year Plan (2021-2025)." Problemy Dalnego Vostoka 2 (2023):41-54. DOI: 10.31857/S013128120025334-8
APA	Ostrovskiy A. (2023). The PRC Economy: Prospects of its Development in the Period of the 14-th Five Year Plan (2021-2025). Problemy Dalnego Vostoka (2), pp.41-54 DOI: 10.31857/S013128120025334-8

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