The planning of the Chinese economy remains a key instrument of China’s public administration of economic development, even despite the formation of its market component. The article presents the basic underpinnings of the innovative guidelines of the Chinese economy, which have been defined in the next five-year plan for the country’s economic and social development. The study covers and reveals the targets of all five-year plans of all of China’s five-year plans, thus highlighting the path of innovation. The objectives of China’s 14th Five-Year Plan for Social and Economic Development, with the most notable feature being the explosion of innovation financing, was discussed in detail. The country’s new five-year development plan specified the direction of building a modern Chinese economy with new industrialization, information technology, urbanization, and modernization of agriculture.
The planning of the Chinese economy remains a key instrument of China’s public administration of economic development, even despite the formation of its market component. The article presents the basic underpinnings of the innovative guidelines of the Chinese economy, which have been defined in the next five-year plan for the country’s economic and social development. The study covers and reveals the targets of all five-year plans of all of China’s five-year plans, thus highlighting the path of innovation. The objectives of China’s 14th Five-Year Plan for Social and Economic Development, with the most notable feature being the explosion of innovation financing, was discussed in detail. The country’s new five-year development plan specified the direction of building a modern Chinese economy with new industrialization, information technology, urbanization, and modernization of agriculture.