National Economic and Social Development

Notes:

1. The 2018 Plan for National Economic and Social Development deliberated and passed at the First Session of the 13th National People’s Congress lists a total of 65 targets, 46 of which are anticipatory and 19 obligatory. The 15 targets marked with ☆ are obligatory targets set forth in the 13th Five-year Plan for National Economic and Social Development of the People’s Republic of China.

    2. Anticipatory targets are development objectives that the government hopes to achieve and figures it expects to reach; however they are not compulsory targets, nor are they predicted figures. The actual figures may be higher or lower than projected. Obligatory targets are mandatory and binding; they represent the government’s macro regulatory intentions, and must be achieved.

3. The performance for obligatory targets is assessed on the basis of whether or not targets have been accomplished. The performance for anticipatory targets is assessed on the basis of a deviation of 10% from the projected figure: if the actual figure exceeds the anticipatory figure by 10% or more, it is rated “higher than projected”; if it falls short by 10% or more, it is rated “lower than projected”; if the actual figure is higher or lower than the anticipatory figure by less than 10%, it is deemed to be “as projected”. These assessment standards are not applicable to targets that have a minimum or maximum limit. For example, the actual registered urban unemployment rate in 2018 was 3.80%, which falls short of the anticipatory target by more than 10%, but the assessment is still deemed to be “as projected”.

4. The figures marked with # are estimated figures for 2018; the actual figures will be confirmed following final review and adjustment by relevant departments. Owing to the adjustment of the base figures for 2017, the actual performance for some targets in 2018 may change somewhat.

* The five-sphere integrated plan is to promote coordinated economic, political, cultural, social, and ecological advancement. The four-pronged comprehensive strategy is to make comprehensive moves to finish building a moderately prosperous society in all respects, deepen reform, advance law-based governance, and strengthen Party self-governance.

* The three regions refer to Tibet, the four southern Xinjiang prefectures of Hotan, Aksu, Kashi, and Kirgiz Autonomous Prefecture of Kizilsu, and the Tibetan ethnic areas in Sichuan, Yunnan, Gansu, and Qinghai provinces; and the three prefectures refer to Liangshan in Sichuan, Nujiang in Yunnan, and Linxia in Gansu.

* The tasks are to cut overcapacity, reduce excess inventory, deleverage, lower costs, and strengthen areas of weakness.