Five-year plans set stage for high-quality development

Even critics of China cannot deny that it is the consistency of China implementing its five-year development plans over the past decades that has guaranteed the long-term stability, certainty and predictability of the country's development.

What disappoints the doomsayers who peddle the "China collapse" theory is the more they try to hype their "forecast" the more steadfast the country seems to advance on its development path. It should come as no surprise therefore that the country has announced all the major tasks set out in the 14th Five-Year Plan (2021-25) look set to be accomplished.

China's five-year economic increment is projected to exceed 35 trillion yuan ($4.89 trillion) during the 14th Five-Year Plan period, Zheng Shanjie, head of the National Development and Reform Commission, said at a news conference in Beijing on Wednesday.