Premier Li Keqiang has called for high standards in formulating the 14th Five-Year Plan (2021-2025) for National Economic and Social Development to secure a good start in fully building a modern socialist country.

Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks while presiding over a Friday meeting of the State Council leading group on the draft plan's formulation.

When making the new five-year plan, authorities should follow the guiding principles of the fifth plenary session of the 19th CPC Central Committee and ensure the plan is strategic, forward-looking, targeted and practical, Li said.

The plenary session, held in Beijing from October 26 to 29, adopted the Party leadership's proposals for formulating the 14th five-year plan and the Long-Range Objectives Through the Year 2035, charting the course for China's development in the next 15 years.