Warsaw Institute Review Issue 4 2020

Page 20

China

FIVE-YEAR GROWTH PLAN OF THE PEOPLE'S REPUBLIC OF CHINA: MARCHING TOWARDS SELF-SUFFICIENCY AND TECHNOLOGY SUPERPOWER Paweł Paszak INTRODUCTION

Between October 26 and 29, 2020, the fifth plenary session of the 19th Central Committee of the Communist Party of China took place in Beijing. The Central Committee is one of the key constitutional bodies in the People‘s Republic of China (PRC), responsible for setting directions for the country‘s development policy. At the meeting, Chinese officials submitted proposals to both the latest five-year blueprint and National Economic and Social Development and the Long-Range 20

The Warsaw Institute Review

Objectives Through the Year 2035. Unlike in the past years, no specific growth rate target for the coming five years was outlined, although in his November 3 speech, Xi Jinping said it is „completely possible“ for China to double the size of its economy over the next fifteen years. Putting his ambitions into practice would mean overtaking the United States in terms of its nominal gross domestic product – a symbolic turning point in world politics and the success of China‘s propaganda machine. But the doubling the size of the economy


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