Exclusive | Dong Yu on why ‘every chapter’ of China’s 5-year plans boils down to income
News Summary
Dong Yu, Executive Vice-President of the China Institute for Development Planning at Tsinghua University and a drafter of previous five-year plans (11th, 12th, and 13th), discusses the evolution and core philosophy of China's long-term economic blueprints. He highlights that while once seen as a symbol of the planned economy, these plans have laid a strong foundation for China's economic development. Yu asserts that
Background
China has implemented 14 five-year plans (originally called five-year programs) since 1953. These plans serve as crucial strategic blueprints for the nation's economic and social development, setting long-term goals and policy directions, and have played a pivotal role in China's economic rise and transformation. Before joining Tsinghua University, Dong Yu held senior positions in major economic decision-making bodies, including the National Development and Reform Commission and the Office of the Central Financial and Economic Affairs Commission, directly participating in significant economic planning. His insights reflect high-level thinking on China's national development strategy.
In-Depth AI Insights
Why does China's Five-Year Plan place such a strong emphasis on