"If you wanna know what China's gonna do,Best pay attention to the 13.5"
2015/11/06

On November 6, 2015, Indian English Newspaper The Indian Express published the article "If you wanna know what China's gonna do,Best pay attention to the 13.5 " of Chinese Ambassador Le Yucheng. The full text is as follows:

 

 

"If you wanna know what China's gonna do, best pay attention to the 13.5."This animated film introducing China's 13th five-year plan has captured popular mood around the world recently. It got over 5 million hits in just five hours after published on the internet, attracting young people everywhere and was widely covered by the media, including New York Times, Financial Times and The Daily Telegraph. Its popularity shows that China's development plan is closely watched by the world, as the link between the two gets closer. The fifth plenary session of the 18th CPC Central Committee has just concluded. What tone has it set for China's 13th five-year plan? I would like to point out three key words.

Development. This word can be found 95 times in the 6000-word communique of the Session. After 30 years of rapid growth, China's economy has already joined the $10 trillion club. It is unrealistic to maintain the high speed growth for an economy such size. However, as the world's largest developing country, China still has 70 million poverty population, and need to create 10 million new jobs every year, thus the growth rate cannot be too low. In tune with its capability and needs, China is adapting to the "New Normal", and sets the target for economic growth at medium-to-high speed, which is 6%-7%, indeed an ambitious goal for the world's second largest economy. To achieve this goal, China will promote innovation, greater coordination, green growth, open development and sharing economy, boost domestic consumption and speed up urbanization. Besides, in response to its aging population, China will abandon its decades-long one-child policy and allow all couples to have two children. By 2050, the labour force in China will increase by about 30 million, and the rate of the aging will decrease 1.5%.

Innovation. China's rapid development of past thirty years mainly relies on its reform and innovation, which remains the main drive in future. In next 5 years, China will adopt vigorous measures to promote mass entrepreneurship and innovation and the "Internet Plus" plan to encourage new technologies, businesses and industries. Innovation has become a cradle of newly emerged company and products in China. China's UC Browser, launched in India in 2010, currently occupies the biggest share (40%) of Indian mobile phone browser market. Many Indians are using "Wechat" to keep in touch with their friends, from both India and China. Recently, Chinese Premier Li Keqiang repeatedly mentioned new energy vehicles, and even experienced one new energy vehicle when he visited JAC Group. According to UNEP report, China invested over $83 billion in renewable energy in 2014, ranking number one in the world. The share of renewable energy in China will reach 15% by 2020, and 20% by 2030. China produces two-thirds of the world's solar panels, tops the global solar power growth list, and is among the biggest solar power producers. Development of new energy industries makes Chinese economy not only stronger, but also more "green".

Openness. China and the world are closely linked. China grows in tandem with the world and vice versa. China is the biggest trading country in the world. Last year, the trade volume between China and Germany was over $200 billion and that between China and U.S. amounted to $555 billion. From 2011 to 2014, China attracted paid-in FDI of about $500 billion. And its investment overseas reached $116 billion in 2014, almost doubling the 2011 figure. In the 13th five-year plan, more external resources will be invited into China and at the same time, the "Going Out" strategy will be enhanced. China's investment overseas is likely to grow at an annual rate of 15% and reach 1.5 trillion dollars cumulatively.

China-India relations have enjoyed fast growth over the years. President Xi Jinping and PM Modi have met five times within one year, and all top 3 leaders of China have visited India in the past 3 years. Trade and industrial cooperation is both the highlight and ballast of bilateral relations. Business giants like Wanda Group have settled in India, and SANY Group plans to invest $3 billion in India in the next 5 years. Prime Minister Modi met quite a few Chinese business leaders during their visits to India. Chinese high-tech companies are showing increasing interest in the Indian market. After Huawei, Xiaomi, and a number of Chinese smartphone producers, LeTV, will launch its new smartphone in India early next year. With deepening engagement, China and India will have a bigger platform to cooperate. The upcoming 13th five-year plan is not only about China's reform and innovation, but also about close integration and shared development of China and the world. China welcomes all country to board its fast train of development, in pursuit of the shared dream of win-win cooperation.

Suggest to a Friend
  Print