China's 14th Five-Year Plan to embark on fully building a modern socialist country
Chinese lawmakers on Thursday approved the country's development blueprint for the next five to 15 years at the closing meeting of China's annual legislative session.
China initiated its first five-year plan in 1953. Over the past half-century, the country has achieved rapid development with many five-year plans performing as an important mechanism to guide the economic and social activities, one after another. The latest Outline of the 14th Five-Year Plan is of even greater significance. It is a blueprint for the world's second-largest economy as it embarks on a new journey toward fully building a modern socialist country.