China’s 13th Five-Year Plan: Road Map for Social Development

China’s 13th Five-Year Plan (FYP) maps out China’s economic and social development in the next five years under the guidelines of “innovative development”, “coordinated development”, “green development”, “open development” and “shared development”. It features a pro-active approach to programmes that are “social investment” in nature and a conservative approach to programmes seen as “social consumptions”. As the economy slows down, the 13th FYP period is likely to see social expenditures proceeding at a slower pace.