The "Draft Outline" of the "Fourteenth Five-Year Plan" recently submitted to the National People's Congress for review and discussion does not set a quantitative GDP growth target, which is the first time in the history of the five-year plan.
The considerations behind it are self-evident. China's economy has turned to a stage of high-quality development. We cannot simply use GDP growth as a hero, let alone ignore the consequences of quality, efficiency and the ecological environment for the sake of economic growth.
Moreover, not setting a quantitative GDP growth target can leave room for dealing with internal and external environmental uncertainties.
But this does not mean that GDP growth is not necessary, because the "Draft Outline" implies quantitative expressions-unemployment rate, energy consumption intensity, carbon emission intensity and other indicators give specific figures, which implies that efforts should be made to increase economic growth. Keep in line with the potential economic growth rate.