China will focus on promoting high-quality development during its 14th Five-Year Plan (2021-2025) period.The country now faces a contradiction between unbalanced and inadequate development and the people's ever-growing needs for a better life, which requires the country to improve the quality and effectiveness of development.
In 2021, energy consumption per unit of GDP and carbon dioxide emissions per unit of GDP will be reduced by 13.5 percent and 18 percent, respectively, according to the report.
Japanese economist Hidetoshi Tashiro said the Chinese government has adopted a long-term vision in formulating its development plans, especially in key areas, which is very admirable.
China aims to expand its economy by over 6 percent in 2021, building on strong tailwind from success in containing COVID-19, as lawmakers gather in Beijing to map out priorities for high-quality development.
China has set a modest economic growth target for 2021, as the world's second-largest economy is experiencing fundamental changes with its development focus shifting from quantity to quality.