China's 12th Five-Year Plan achievements a milestone for centenary goal

Reform, anti-corruption and more

Reform is an important keyword for the 12th five-year period. Waves of reform have arisen since the third plenary session of the 18th CPC Central Committee in 2013, with new measures coming out targeting various sectors including administrative system, taxation, finance and state enterprises.

China built its first pilot free trade zone (FTZ) in Shanghai in 2013 as a test bed for pushing forward reforms and opening the economy wider. In the first eight months this year, a total of 1,959 foreign-funded enterprises opened in the FTZ, accounting for nearly half of the total registered in Shanghai Municipality.

The Belt and Road Initiative is bringing together countries in Asia, Europe and even Africa, with the purpose of boosting infrastructure construction, financial cooperation and cultural exchanges in those regions.

The Asian Infrastructure Investment Bank, a China-advocated multilateral development institution tasked with financing infrastructure construction across Asia, has been signed by 53 out of the 57 founding members as of Oct 9.

China has advanced the cut of administrative approvals to give more say to the market. Since May 2013, the central authorities have issued more than 20 documents to encourage the public, especially the graduates, to start their own businesses, in a bid to motivate creativity.

The CPC central authorities have also prioritized eco-system protection, shifting away from the GDP-obsessed official evaluation system and urging lower governments to accelerate the building of a beautiful China

Adhering to the rule of law, China has also intensified anti-corruption efforts since the CPC's 18th National Congress and dealt with a large number of corrupt officials, including some who used to hold very high offices.

Looking forward to the coming five years, China will remain composed and focused on its own development, with the Party and the people marching hand-in-hand on the road to prosperity.

The final countdown to reaching the first Centenary Goal is coming.