In late September 1985, the Conference of Chinese Communist Party (CCP) Delegates convened to adopt the "Proposal for the Seventh Five Year Plan" which was set to begin in 1986.[1]: 200 The proposal demonstrated a shift from direct government control over enterprises to using indirect macroeconomic controls to "establish a new system for the socialist economy."[1]: 200
In March 1986, the State Council submitted "The 7th Five Year Plan for National Economic and Social Development of the People's Republic of China, 1986–1990" to the Fourth Session of the 6th National People's Congress for review and ratification. It was the first time in China's history that an all-round plan for social and economic development was created at the start of a new five-year plan.
Goalsedit
According to China Daily, the fundamental principles and guidelines of the 7th Five Year Plan were:[2]
To put reform at the top of the agenda and coordinate economic development with reform.
To maintain a basic balance between overall social demand and supply, between the national budget, credit and materials.
To improve economic efficiency, especially that of product quality; to properly handle the relations between efficiency and growth rate, and quality and quantity.
To adapt to the changing structure of social demand and the demands of economic modernization, and to further adjust the industrial structure.
To regulate fixed asset investments, readjust the investment structure, and speed up the construction of the energy, communications, telecommunications and raw materials industries.
To shift the construction focus to the technical updating, reforming and extending of existing enterprises.
To further the development of science and education.
To further open up to the outside world, combining domestic economic growth with expanding external economic and technologic exchanges.
To further improve the material and cultural life of all Chinese people.
To strenuously boost the construction of a socialist ideological civilization along with the construction of a material civilization.
To carry on in the spirit of arduous struggle, hard work and thrift.
According to China Daily, the specific goals of economic development set out in the Plan were:[2]
To increase gross national industrial and agricultural output by 38% within five years, or by an average annual rate of 6.7%, gross agricultural output by 4% a year, and gross industrial output by 7.5%.
To increase gross national output by 44% within five years, or by an average annual rate of 7.5%.
Production goals for major industrial and agricultural products by 1990 were: between 425 and 450 billion tons for grain, 4.25 million tons for cotton, 550 billion kWh for electricity, 1 billion tons for raw coal, 150 million tons for crude oil, and between 55 and 58 million tons for steel. Freight volume was set at 9.4 billion tons.
Investment in fixed assets was set at 1,296 billion yuan, with fixed assets projected to grow by 600 billion yuan.
To increase total import and export volumes by 35% within the five years, while expanding the scale of foreign investment and advanced technology. Further, goals were set to increase the actual consumption of both urban and rural residents by 5% a year, and at the same time keeping the basic balance between the national budget, credit, material and foreign exchange.
In the field of education, to gradually popularize and implement the nine-year compulsory education scheme, and train five million professionals, twice that during the previous planning period.
The national goals of the Plan included speeding up development on the coast, with inland regions role's being to "support and accelerate coastal development."[3]: 218 During this Plan period, different regions of China were encouraged to develop by leveraging their respective advantages.[3]: 218 Coastal regions were instructed to focused on "the restructuring of traditional industries, new industries, and consumer goods production."[3]: 217 Western regions were to focus on processing and agriculture. In central regions, energy, construction, and minerals were the focus.[3]: 217
seventh, five, year, plan, five, year, plan, china, economic, goals, designed, strengthen, chinese, economy, between, 1986, 1990, five, year, plansimplified, chinese第七个五年计划traditional, chinese第七個五年計劃transcriptionsstandard, mandarinhanyu, pinyindìqīgè, wǔnián, . The 7th Five Year Plan of China was a set of economic goals designed to strengthen the Chinese economy between 1986 and 1990 7th Five Year PlanSimplified Chinese第七个五年计划Traditional Chinese第七個五年計劃TranscriptionsStandard MandarinHanyu PinyinDiqige Wǔnian JihuaDrafting editIn late September 1985 the Conference of Chinese Communist Party CCP Delegates convened to adopt the Proposal for the Seventh Five Year Plan which was set to begin in 1986 1 200 The proposal demonstrated a shift from direct government control over enterprises to using indirect macroeconomic controls to establish a new system for the socialist economy 1 200 In March 1986 the State Council submitted The 7th Five Year Plan for National Economic and Social Development of the People s Republic of China 1986 1990 to the Fourth Session of the 6th National People s Congress for review and ratification It was the first time in China s history that an all round plan for social and economic development was created at the start of a new five year plan Goals editAccording to China Daily the fundamental principles and guidelines of the 7th Five Year Plan were 2 To put reform at the top of the agenda and coordinate economic development with reform To maintain a basic balance between overall social demand and supply between the national budget credit and materials To improve economic efficiency especially that of product quality to properly handle the relations between efficiency and growth rate and quality and quantity To adapt to the changing structure of social demand and the demands of economic modernization and to further adjust the industrial structure To regulate fixed asset investments readjust the investment structure and speed up the construction of the energy communications telecommunications and raw materials industries To shift the construction focus to the technical updating reforming and extending of existing enterprises To further the development of science and education To further open up to the outside world combining domestic economic growth with expanding external economic and technologic exchanges To further improve the material and cultural life of all Chinese people To strenuously boost the construction of a socialist ideological civilization along with the construction of a material civilization To carry on in the spirit of arduous struggle hard work and thrift According to China Daily the specific goals of economic development set out in the Plan were 2 To increase gross national industrial and agricultural output by 38 within five years or by an average annual rate of 6 7 gross agricultural output by 4 a year and gross industrial output by 7 5 To increase gross national output by 44 within five years or by an average annual rate of 7 5 Production goals for major industrial and agricultural products by 1990 were between 425 and 450 billion tons for grain 4 25 million tons for cotton 550 billion kWh for electricity 1 billion tons for raw coal 150 million tons for crude oil and between 55 and 58 million tons for steel Freight volume was set at 9 4 billion tons Investment in fixed assets was set at 1 296 billion yuan with fixed assets projected to grow by 600 billion yuan To increase total import and export volumes by 35 within the five years while expanding the scale of foreign investment and advanced technology Further goals were set to increase the actual consumption of both urban and rural residents by 5 a year and at the same time keeping the basic balance between the national budget credit material and foreign exchange In the field of education to gradually popularize and implement the nine year compulsory education scheme and train five million professionals twice that during the previous planning period The national goals of the Plan included speeding up development on the coast with inland regions role s being to support and accelerate coastal development 3 218 During this Plan period different regions of China were encouraged to develop by leveraging their respective advantages 3 218 Coastal regions were instructed to focused on the restructuring of traditional industries new industries and consumer goods production 3 217 Western regions were to focus on processing and agriculture In central regions energy construction and minerals were the focus 3 217 References edit a b Weber Isabella 2021 How China Escaped Shock Therapy The Market Reform Debate Abingdon Oxon Routledge ISBN 978 0 429 49012 5 OCLC 1228187814 a b The 7th Five Year Plan 1986 1990 Five Year plans chinadaily com cn www chinadaily com cn a b c d Ang Yuen Yuen 2016 How China Escaped the Poverty Trap Cornell University Press ISBN 978 1 5017 0020 0 JSTOR 10 7591 j ctt1zgwm1j Preceded by6th Plan1981 1985 7th Five Year Plan1986 1990 Succeeded by8th Plan1991 1995 Retrieved from https en wikipedia org w index php title Seventh five year plan amp oldid 1222558828, wikipedia, wiki, book, books, library,
