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  • Beijing Review

    Replacing Speed With Quality

    Dec 10, 2020 4 minutes
    By Wang Changlin
    Copyedited by Sudeshna Sarkar

    The author is president of the Academy of Macroeconomic Research of the National Development and Reform Commission

    High-quality development will be the focus during China’s 14th Five-Year Plan (2021-25) period, according to proposals of the Communist Party of China (CPC) Central Committee for the formulation of the plan and the long-range objectives through 2035. This priority is based on assessment of the stage, environment and conditions for the country’s development. Accordingly, the Fifth Plenary Session of the 19th CPC Central Committee in October made the transformation of the growth model the primary task in that period to produce better quality, higher efficiency and more robust drivers.

    The background

    Since the 18th CPC

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