Democratic process of planning
By Hu Angang | China Daily | Updated: 2011-03-10 07:58
It has taken nine key steps to work out and finalize the guidelines for China's progress over the next five years
China has promulgated five-year plans since 1953, and the five-year guidelines have become a comprehensive and guiding road map for national economic and social development and a strategic blueprint for modernization with Chinese characteristics. The Chinese economy has maintained high growth rates, in part, thanks to the five-year plans.
China is not alone in achieving fast economic growth by implementing five-year plans. Of the top 20 countries that enjoyed the fastest economic growth from 1980-2005, 13 implemented five-year or four-year plans. Of the top 10, eight had five-year plans.
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