Every five years, China’s Central Government writes a new Five-Year Plan (中国五年计划, Zhōngguó wǔ nián jìhuà), a detailed outline for the country’s economic goals for the next five years.
After the founding of the People’s Republic of China in 1949, there was an economic recovery period until 1952. Starting in 1953, the first Five-Year Plan was implemented. Except for a two year hiatus for economic adjustment in 1963-1965, the Five-Year Plans have been continuous.
The first five Five-Year Plans feature a Soviet command style economic model characterized by state ownership, farming collectives, and centralized economic planning. The Soviets even helped China craft its first Five-Year Plan.
In October 2010, the Chinese government began drafting the 12th Five-Year Plan, which starts in 2011 and ends in 2015.
Learn about each of China's Five Year Plans:
- First Five-Year Plan (1953-57)
- Second Five-Year Plan (1958-1962)
- Third Five-Year Plan (1966-1970)
- Fourth Five-Year Plan (1971-1975)
- Fifth Five-Year Plan (1976-1980)
- Sixth Five-Year Plan (1981-1985)
- Seventh Five-Year Plan (1986-1990)
- Eighth Five-Year Plan (1991-1995)
- Ninth Five-Year Plan (1996-2000)
- Tenth Five-Year Plan (2001-2005)
- Eleventh Five-Year Plan (2006-2010)
- Twelfth Five-Year Plan (2011-2015)