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02:52
China's Five-Year Plan (FYP) system is formulated to make plans for economic and social development over the coming five years. The first FYP started in 1953. A total of 13 FYPs have been made and implemented except for a period of economic adjustment between 1963 and 1965. The year 2020 is the last year of the 13th FYP (2016-2020), and China is drafting its 14th FYP (2021-2025).
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