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  • Sep 21, 2014
  • Updated: 3:12pm

Five-Year Plans of India

Five-year plans miss the main goals: U.S. monitor

China failed to meet targets set in its 11th five-year plan and is unlikely to meet others set for the current 12th five-year plan to 2015, according to a top United States watchdog agency.

Monday, 4 July, 2011, 12:00am

Rising GDP not the answer to equitable growth ...

If Nobel prize-winning economist Simon Kuznets were alive today, he would probably regret his invention of the gross domestic product - even though it was hailed as one of the greatest advances in economics in the 20th century and helped design policies to combat the Great Depression of the 1930s.

11 Mar 2011 - 12:00am

Wen likely to set lower target for GDP growth

When Premier Wen Jiabao walks to the podium of the Great Hall of the People and delivers his annual government work report on March 5, he will most likely describe national development last year as 'truly extraordinary'. Admittedly he freely used the label in almost all his previous state of the union addresses.

14 Feb 2011 - 12:00am

Road ahead plagued by culture of greed

China's five-year plans may have changed, but officials' attitudes are proving harder to modify.

A switch of focus by the central government five years ago, emphasising structural transformation of the economy, failed to alter officials' obsession with numerical targets - the major influence on their promotion prospects.

8 Feb 2011 - 12:00am

4 trillion yuan to boost key industries

Beijing will spend more than 4 trillion yuan (HK$4.6 trillion) on several key industries and inland regions as part of the new five-year economic plan, according to two officials involved in its drafting.

The central government will also lower the economic growth rate and focus more on structural adjustments in its blueprint for 2011 to 2015.

15 Oct 2010 - 12:00am

China fails to hit target on energy efficiency

Fastest growth in a decade derails drive to reduce consumption

The mainland consumed 1.23 per cent less energy per unit of gross domestic product last year, but the drop fell short of a 4 per cent target set by the government, the National Bureau of Statistics said.

1 Mar 2007 - 12:00am

Best-laid plans go astray

China still loves its five-year plans but are they worth the effort and do they mean anything?

The National People's Congress has now passed the country's 10th five-year plan since 1953. But as time goes on, these development blueprints increasingly are becoming just a list of key infrastructure projects plus vague aspirations without a firm timetable.

16 Mar 2001 - 12:00am

Expanding production takes a back seat as leaders gather to draw up five-year programme

China's new economic plan will abandon the previous emphasis on quantity and emphasise upgrading competitiveness, a planning official said.

The prediction came as the party elite began three days of closed-door meetings in Beijing aimed at preparing the economic agenda for the next five years.

10 Oct 2000 - 12:00am

Crisis to hit GDP, exporters

The Asian financial crisis will shave 0.8 percentage points off the mainland's gross domestic product growth this year and reduce export growth by 3.5 percentage points, an economist with the China Academy of Social Sciences said.

The Economic Information Daily yesterday published an estimate by Fan Mingdai of the impact of the crisis on the economy.

4 Feb 1998 - 12:00am

Plans and history fail to correspond

CHINA is one of the last countries in the world still to be enamoured of five-year plans, the fashion set by Josef Stalin in the 1920s.

Not only is it embarking on its ninth five-year plan, China is still in the middle of the 10-year macro-development plan launched in 1991 and now entirely forgotten.

7 Mar 1996 - 12:00am

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