In the final year of the current five-year plan, no annual economic growth rate was set amid the global economic decline from the coronavirus pandemic in the mainland. Then in 2022, the 20th Congress of the Chinese Communist Party will shed light on Xi’s future leadership plans. The final text of the upcoming five-year plan is due for release next year at theNational People’s Congress typically held in March. “I think there will be some major adjustments because this 14th five-year plan is a long-term plan. China’s economic growth has slowed in the last few years, amid concerns about fast-paced growth fueled by debt.

Source: The Standard October 26, 2020 05:48 UTC