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Business / Economy

Goals, missions of China's new five-year plan

(Xinhua) Updated: 2016-03-05 13:11

-- Control carbon emissions, honor climate commitments and deeply participate into global climate governance.

Opening up

-- Expand international production capacity cooperation in sectors including steel, railway, telecommunications, machinery and aviation.

-- Increase service trade's share in total foreign trade to 16 percent.

-- Relax restrictions in service sector for foreign capital, widen market access in banking and securities, encourage foreign investment to flow into advanced manufacturing, high-tech industries and energy saving.

-- Improve business environment to facilitate win-win cooperation.

-- Realize the convertibility of Chinese currency the yuan and promote its global use.

-- Enhance two-way opening up of capital market, including securities and bond markets.

-- Strive to sign high-standard bilateral investment agreements with more countries.

Belt and road

-- Quicken Belt and Road construction and expand win-win cooperation to form a new comprehensive opening-up landscape.

-- Strengthen cooperation with international financial institutions, push forward the Asian Infrastructure Investment Bank and the BRICS New Development Bank, and properly operate the Silk Road Fund.

-- Build China-Mongolia-Russia, China-Central Asia-West Asia, China-Indochina Peninsula, China-Pakistan and Bangladesh-China-India-Myanmar economic corridors, as well as the new Eurasian Land Bridge.

Global economic governance

-- Safeguard the role of the World Trade Organization and push forward multilateral trade negotiations.

-- Vigorously set up free trade areas with countries along the routes of the Belt and Road.

-- Step up talks with the Regional Comprehensive Economic Partnership and Gulf Cooperation Council and on free trade area of China, Japan and the Republic of Korea.

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