Recent developments and policies may compound to the risk that the current FYP won’t be able to progress according to plan.

To ensure implementation, ministries and regions devise their detailed FYPs based on the central- and thus more high-level national FYP.

China’s socialist market economy reform wants to “increase efficiency” and “fairness of the market” towards "high-quality development".

Recent regulatory action and authoritative statements suggest that Common Prosperity is being de-prioritized in light of economic headwinds.

Xi advocated that China should build a “new supply chain mode” for the post-pandemic recovery, which should be “autonomous and reliable.

With a variety of new health and social policies under the 14th FYP, China is trying to tackle the country’s several long-term challenges.

As China’s legislators are set to convene in Beijing in early March, stability becomes the governing theme.

In December 2021, the MIIT along with nine other ministries jointly released the 14th Five-Year Plan (FYP).

Putin’s invasion in Ukraine seems to put Beijing in a strategic bind.