Dong Yu has been executive vice-president of the China Institute for Development Planning at Tsinghua University since 2019. Before joining academia, he held senior positions in several of China\u2019s major economic decision-making bodies, including the National Development and Reform Commission and the Office of the Central Financial and Economic Affairs Commission.<\/p>\n
He has been part of the teams that drafted several of the country\u2019s economic blueprint documents, including the 11th, 12th and 13th five-year plans. In this interview, he discusses what might be included in the next five-year plan \u2013 China\u2019s 15th \u2013 and how the country can continue down a path of sustainable progress.<\/p>\n
This interview first appeared in SCMP Plus<\/a>. For other interviews in the Open Questions series, click here<\/a>.Since 1953, China has drafted 14 five-year plans<\/a>, with each assessed at the midpoint of their terms and after they are implemented. Overall, what has changed about these long-term plans over time? Have they achieved their intended goals?<\/p>\n The five-year plan is receiving growing attention today. Once seen as a symbol of the planned economy, it in fact laid the foundation for economic development even before the reform and opening-up period began in 1978.<\/p>\n When China was impoverished and weak, major projects were needed to build a base for the national economy, along with plans to help shape the emergence of various sectors from scratch.<\/p>\n Of course, a few early plans fell short of their targets due to the complex domestic conditions of the time. But since the launch of reform and opening-up, China has largely succeeded in meeting the goals set out in each plan.<\/p>\n","protected":false},"excerpt":{"rendered":"Dong Yu has been executive vice-president of the China Institute for Development Planning at Tsinghua University since 2019.…\n","protected":false},"author":2,"featured_media":173122,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[182,28,144,103352,8192,103354,18732,103351,101,1556,32938,101862,103353,62065,21],"class_list":["post-173121","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-ai","tag-business","tag-china","tag-china-institute-for-development-planning","tag-chinese","tag-consumer-market","tag-deepseek","tag-dong-yu","tag-economy","tag-gdp","tag-national-development-and-reform-commission","tag-new-energy-vehicles","tag-office-of-the-central-financial-and-economic-affairs-commission","tag-tsinghua-university","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/173121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=173121"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/173121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/173122"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=173121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=173121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=173121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}