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Experts on China's 13TH 5-year-plan

CNC
Added On November 24, 2015

Chinese President Xi Jinping called on Asia-Pacific economies to boost win-win cooperation in pursuit of common prosperity.
 
Xi made the remarks at the 23rd Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting.
 
Referring to the proposal on China's 13th Five-Year Plan, Xi reaffirmed China's commitment to innovative, coordinated, green, open and shared development.
 
The president said, quote "China has the resolve, confidence and ability to realize sustained and healthy economic development and bring more opportunities and benefits to the Asia-Pacific region."
 
Experts around the world speak highly of China's 13th Five-Year Plan.
 
Dr. Pierre Picquart is the director of Center for Studies, Development and International Research on Contemporary China (CEDRIC).
 
He said China's 13th Five-year plan will not only give decisive importance for China, but will also have a significant positive impact on the world.
 
SOUNDBITE(FRENCH): PIERRE PICQUART, Director of CEDRIC
"I really think that the coming China's 13th Five-Year Plan for 2016-2020 will not only give decisive importance not only for the social and economic development of China, but also will have a significant positive impact on the world."
 
Picquart said to maintain a 6.5 percent to 7 percent economic growth is a ambitious goal, but it's the object China will take on.
 
SOUNDBITE(FRENCH): PIERRE PICQUART, Director of CEDRIC
"As to the economic part, it's true that the object if to maintain a 6.5 percent to 7 percent economic growth is a ambitious goal. But this is the object if that China will take on, for itself and for other countries around the world, through developing domestic consumption, balancing the territories, reducing social inequalities and boosting the economy in modernity."
 
James Laurenceson is the deputy director of the Australia-China Relations Institute(ACRI) at University of Technology in Sydney. He believed China is on the right path of development.
 
SOUNDBITE(ENGLISH): JAMES LAURENCESON, Deputy Director of ACRI, UTS
"I think what is China doing now is correct, the focus is right. At the moment, what is being promoted is the service sector, and healthy consumption.  Something of the priority of putting growth the making services and making health consumption, the drivers growth is the correct one we seen that in the data now, and the scope for that process to continue, so put both of those together, again there is a great positive story."
 
Chairman and President of Dagong Global Credit Rating Guan Jianzhong mentioned that the 13th Five-Year Plan put forward that Chinese economy should keep "middle fast development speed" strategy goal, and this goal will be achieved in the future. 
 
SOUNDBITE(CHINESE): GUAN JIANZHONG, Chairman of Dagong Global Credit Rating
"The driving force for Chinese economy development can not only rely on domestic. So the "belt and road initiative" is very important. "
 
 
Last month, President Xi Jinping called for more reform and innovation at the 18th meeting of the central leading group for comprehensively deepening reform.
 
He noted "reform and development have achieved a high degree of integration. Further development needs to be based on reforms while progress in reforms gives a strong impetus for development." 
 
The spirit of reform and innovation must be strengthened and the country's governance system shall be modernized.
 
SOUNDBITE(ENGLISH): PIERRE PICQUART, Director of CEDRIC
"To achieve this goal, China must continue the reforms, because reforms are of great importance for China and for the development. To continue reforms, it's in fact to adapt to every new situation, and to boost economy home and abroad. It is also to modernize all the production tools to ensure that digitization and Internet can help to better streamline all service work."
 
SOUNDBITE(ENGLISH): JAMES LAURENCESON, Deputy Director of ACRI, UTS
"I think that the reforms we seen in China today are meaningful, let's  not forget what china has already achieved, we seen 16 hundred million people today with prosperity of the last 30 years, such a great achievement, it is certainly suggest that Chinese government economy authority is doing something right, do we have a reason to doubt right now? I don't think so."
 
Frederic Neumann is the Managing Director and Co-Head of Asian Economic Research at HSBC. Talking about China' s future development, he said China faced environmental challenges that are even bigger than other countries.
 
SOUNDBITE(ENGLISH): FREDERIC MEUMANN, Managing Director, Asian Economic Research at HSBC
"China has a very large industrial sector and therefore it also has a big environmental challenge ahead of itself. So of the economies that are largely services driven like say Japan or the UK don't have the same environmental challenges. China's challenges are unique given the size of its industrial sector, but to the Chinese government's credit, they're making a lot of strides. They're starting to clean up the air, clean up the countryside, clean up the water. Ah it will take many years of investment, but they are all on it and therefore I think they, the Chinese government gets the message on the environment and therefore we see strides there."
 
While attending the Boao Forum for Asia Financial Cooperation Conference in London, French Former Prime Minister Jean-Pierre Raffarin said to deepen reforms, countries have to work together.
 
SOUNDBITE(ENGLISH): JEAN-PIERRE RAFFARIN,  French Former Prime Minister
"We need reform, every country needs reform, so China is planning a lot of reforms, but stay a big motor form as growth of the world. So in this case, we have to work together, and maybe is the Euro of G20 to improve the efficiency of G20 to discuss about what reform the world need, what reform we have to do together to help growth and to fight unemployment."
 
The Thirteenth Five-year Plan (2016-2020) on National Economic and Social Development was adopted at the Fifth Plenary Session of the 18th CPC Central Committee which ended on Oct. 29.
 
China's next five-year period was described as decisive for building a moderately prosperous society by 2020 in the proposal.
 
The country aims to double its 2010 GDP and the 2010 per capita income of both urban and rural residents by 2020.