Foreign experts at China party talks

Wednesday March 9 2016

Chinese Foreign Minister Wang Yi gestures to journalists before a National People's Congress press conference in Beijing on March 8, 2016.  China's Communist-controlled parliament opened its annual session on March 5 and is expected to approve a new five-year plan to tackle slowing growth in the world's second-largest economy. PHOTO | WANG ZHAO |

Chinese Foreign Minister Wang Yi gestures to journalists before a National People's Congress press conference in Beijing on March 8, 2016. China's Communist-controlled parliament opened its annual session on March 5 and is expected to approve a new five-year plan to tackle slowing growth in the world's second-largest economy. PHOTO | WANG ZHAO | AFP

By XINHUA
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BEIJING, Tuesday

Foreign experts and scholars are closely following China’s economic development plan and direction as the 2016 annual sessions of China’s national legislature and its top advisory body are being held in Beijing. 

China’s 13th Five-Year Plan “is of particular significance in both practical and symbolic sense” as its timeframe overlaps with the 2021 target for China to become a moderately well-off society, one of the goals presented in Chinese President Xi Jinping’s China Dream vision, said Michal Kolakowski, an expert of the Polish Economic Congress Foundation.

“While previous plans paved a way to China’s social and economic advancement, the 13th plan period is a breakthrough point,” said Mr Kolakowski, referring to the 13th Five-Year Plan, the draft outline of which is being discussed at the annual sessions of the 12th National People’s Congress (NPC) and the 12th National Committee of the Chinese People’s Political Consultative Conference (CPPCC).

“The plan will decisively overhaul, modernise and strengthen China’s growth engine, laying stable foundations for further growth,” said the Polish expert.

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