New changes in the "14th Five-Year Plan" indicators release strong signals of high-quality development.

A few days ago, the "14th Five-Year Plan" and the 2035 long-term goal outline were released in full. The full text consists of 19 articles and 65 chapters, setting 20 main indicators for economic and social development in the next five years, and also clarifying a number of major measures and major deployments including 102 major engineering projects. Experts pointed out that compared with the previous five-year plan, many new changes in the main indicators in the outline of the 14th five-year Plan have released a strong signal that more attention will be paid to high-quality development in the future.

Turning to the outline of the 14th five-year Plan, an important change is that among the economic development indicators, there is no expected index of five-year average annual GDP growth, and the expression of "keeping in a reasonable range and putting forward according to the situation in each year" is replaced by the expression, which is the first time in the history of five-year planning.

"Considering that there is still great uncertainty in the external environment in the past five years, not setting a specific quantitative growth target will help to deal with all kinds of risks and challenges more actively, proactively and calmly, enhance the flexibility of development, leave room for dealing with uncertainty, and guide all parties to focus on improving the quality and efficiency of development." Hu Zucai, deputy director of the National Development and Reform Commission, said at the press conference of the State Council Information Office.

Looking at the outline of the 14th Five-Year Plan, the three "new" have become a consistent logical main line. Compared with the previous five-year plan, it more prominently reflects the requirements of basing on the new development stage, implementing the new development concept, building a new development pattern, and promoting high-quality development.

High-quality development is the theme of my country's economic and social development in the "14th Five-Year Plan" and even longer, and it is related to the overall situation of my country's socialist modernization. The 20 indicators during the 14th Five-Year Plan period are fully connected with the high-quality development index system, which fully reflects the requirements of the new development concept.

Innovation-driven is placed in the "14th Five-Year Plan. The outline of the plan clearly states that we should adhere to the core position of innovation in the overall situation of China's modernization drive, regard scientific and technological self-reliance as the strategic support for national development, and put forward clear indicators one by one. Focusing on seizing the opportunities for future industrial development and cultivating leading and pillar industries, the planning outline also proposes that the added value of strategic emerging industries accounts for more than 17% of GDP. Not only that, the outline of the plan lists the part of the digital economy in a separate article, and puts forward the main goal: by 2025, the added value of the core industries of the digital economy will account for 10% of GDP.

"Looking at the '14th Five-Year' plan from the data indicators, it emphasizes the need for high-quality development of scientific and technological innovation." Li Chao, chief economist of Zheshang Securities, said: first, the growth rate of R & D expenditure of the whole society is set as a quantitative index, requiring that the R & D intensity should not be lower than that during the 13th five-year Plan period; second, the basic R & D intensity is included in the five-year plan for the first time, and the current situation that the intensity of basic research lags behind that of developed countries for a long time needs to be changed; third is put forward to be put forward ", more emphasis is placed on high-quality innovation than the" number of invention patents per 10,000 population "in the 13th Five-Year Plan; fourth, it is proposed that the added value of the core industry of the digital economy accounts for the proportion of GDP, which pays more attention to high-quality development than the previous" digital economy added value "indicator, and the statistical method of the digital economy will be gradually improved.

High-quality development is not just an economic requirement, but a general requirement for all aspects of economic and social development. Green is the bright background of high-quality development. In the outline of the 14th Five-Year Plan, the five green ecological indicators are all binding indicators: energy consumption per unit of GDP and carbon dioxide emissions are reduced by 13.5 and 18 per cent respectively; the ratio of days with good air quality in cities at prefecture level and above reaches 87.5 per cent; the proportion of surface water reaching or better than Class III water bodies reaches 87.5 per cent; the forest coverage rate is increased to 24.1 per cent ...... The outline also proposes to implement the goal of national independent contribution to address climate change in 2030, develop a carbon emission peak action plan before 2030.

Zhao Lijun, president of the Environmental Chamber of Commerce of the all-China Federation of Industry and Commerce, pointed out that guided by the urgent goal of carbon peaking and carbon neutrality, China will comprehensively accelerate the construction of a green and low-carbon circular development economic system, vigorously develop new green and low-carbon technologies, new industries and new business forms, build a green and low-carbon technology industry support system, and promote the overall economic and social transformation from the source, so as to the old and new, embark on the path of high-quality and sustainable development.

What the people want, what the administration wants. In the "14th Five-Year Plan" outline, the proportion of people's livelihood and well-being indicators exceeds 1/3, which is the highest in the previous five-year plans. Aiming at improving people's livelihood and well-being, the people's livelihood indicators and tasks in the planning outline are more detailed, covering employment, income, pension and other aspects.

Compared with the "13th Five-Year Plan" outline, the "14th Five-Year Plan" outline adds indicators such as "the number of practicing (assistant) physicians per thousand population" and "the number of infants under 3 years old per thousand population. The urban survey unemployment rate is controlled within 5.5 per cent, the average number of years of schooling for the working-age population has been raised to 11.3 years, and the basic old-age insurance participation rate has been raised to 95 per cent ...... The figures behind each show the temperature of the people's livelihood, aiming to give the people more sense of gain.

"Looking ahead to the next five or even 15 years, people's well-being remains a top priority. Conforming to the people's expectations of a high quality life and promoting the all-round development of people and the common prosperity of all people is precisely the new level of people's well-being emphasized in the outline of the 14th Five-Year Plan." Zhang Lianqi, vice president of the China Tax Institute, said.

It is worth noting that among the 20 main indicators, the category of "security" has been set up for the first time, and the two binding indicators of comprehensive grain and energy production capacity have been included in the main indicators of the five-year plan for the first time: the comprehensive grain production capacity is more than 0.65 billion tons in 2025, and the comprehensive energy production capacity is more than 4.6 billion tons of standard coal. The "14th Five-Year Plan" outline also mentions "implementing food security strategies" and "implementing energy and resource security strategies" in the chapter Secondary specialized school "Strengthening National Economic Security". The proposal of these two indicators is the full embodiment of integrated development and security.

With the main indicators as the traction, a series of major measures and major deployments have been outlined to provide strong support for the implementation of the goals and tasks of the planning outline. In terms of major engineering projects that have attracted much attention, 102 major engineering projects are clearly proposed in the planning outline. These major projects not only involve cutting-edge fields such as artificial intelligence, quantum information, integrated circuits, and life and health, but also go deep into the areas of people's livelihood such as education quality and expansion, and national health protection. These major engineering projects also include important ecosystem protection and restoration projects, and transportation power construction projects.

Zhang Liqun, a researcher at the Macroeconomic Research Department of the Development Research Center of the State Council, said that there are many important arrangements in the outline of the plan. On the basis of a comprehensive summary of the development results of the "13th Five-Year Plan", the development potential of China's economy is fully and scientifically estimated and evaluated. In the next five and 15 years, we should fully release the growth potential, give full play to a series of favorable conditions such as the heavy foundation formed by China's long-term development, and form a strong impetus for the second century of high-quality development.

Source: Economic Reference