Core Insights - The "14th Five-Year Plan" is nearing completion, with 102 major projects making significant progress and expected to meet all planning goals by the end of the year [1] Infrastructure Development - Major transportation infrastructure projects such as the China-Laos Railway and the Guiyang-Nanning High-Speed Railway have been completed and are operational, while the Sichuan-Tibet Railway and the Pinglu Canal are under steady construction [3] - Approximately 90% of county-level administrative centers have access to highways within 30 minutes, and cities with populations over 500,000 have a high-speed rail coverage rate of 97% [3] Technological Advancements - Significant breakthroughs in cutting-edge technology have been achieved, including the successful landing of the "Zhurong" Mars rover, the return of lunar soil by the "Chang'e 5" mission, and the global leadership of the "Zuchongzhi 3" quantum computing prototype [5] - The "East Super Ring" nuclear fusion experimental device has achieved a world record of 1 million degrees Celsius and maintained stable plasma operation for 1,066 seconds [5] Ecological Construction - The ecological construction efforts have created new miracles for a beautiful China, with the "Three-North" project completing construction tasks covering 16.4 million acres [7] - Significant progress has been made in combating desertification, including the establishment of a green barrier along the edge of the Taklamakan Desert, spanning over 3,000 kilometers [7]

Core Points - The "14th Five-Year Plan" is nearing completion, with 102 major projects making significant progress and expected to meet all planning goals by the end of the year [1] Group 1: Infrastructure Development - Major transportation infrastructure projects such as the China-Laos Railway and the Guiyang-Nanning High-Speed Railway have been completed and are operational [3] - Approximately 90% of county-level administrative centers have access to highways within 30 minutes, and cities with populations over 500,000 have a high-speed rail coverage rate of 97% [3] Group 2: Technological Advancements - Significant breakthroughs in cutting-edge technology have been achieved, including the successful landing of the "Zhurong" Mars rover, the return of lunar soil by "Chang'e 5," and the global leadership of the "Zuchongzhi 3" quantum computing prototype [5] - The "East Super Ring" nuclear fusion experimental device has achieved a world record of 100 million degrees Celsius and maintained plasma operation for 1,066 seconds [5] Group 3: Ecological Construction - The ecological construction efforts have led to remarkable achievements in creating a beautiful China, with the "Three-North" project completing 164 million acres of construction tasks [7] - Effective measures have been taken to combat desertification, including the establishment of a green barrier along the edge of the Taklamakan Desert, spanning over 3,000 kilometers [7]

Core Insights - The "14th Five-Year Plan" outlines 102 major engineering projects aimed at meeting national needs and public expectations, with significant progress reported and completion expected by year-end [1] Group 1: Major Engineering Projects - The 102 major engineering projects are transforming daily life, with significant advancements in transportation, water conservancy, technology innovation, and ecological construction [2][3] - The Baotou to Yinchuan high-speed railway is set to reduce travel time from 6 hours to under 3 hours, with full operation expected soon [2] - The first phase of the "Yinhan Jihua" water diversion project is supplying half of Xi'an's daily water needs, with the second phase projected to provide an annual water supply of 1 billion cubic meters [2] Group 2: Technological and Ecological Advances - Major technological breakthroughs include the successful landing of the "Zhurong" Mars rover and advancements in quantum computing and nuclear fusion [3] - Ecological initiatives such as the "Three North" project and desertification control efforts are making significant strides in environmental protection [3] Group 3: Future Planning and Coordination - Local and national authorities are actively working to ensure the successful completion of the 102 major projects, with a focus on enhancing infrastructure and boosting domestic demand [4] - The National Development and Reform Commission plans to strengthen inter-departmental collaboration and prepare for the "15th Five-Year Plan," which will continue to focus on high-quality development and innovation [4]

Economic Growth and Contributions - During the "14th Five-Year Plan" period, China's economic increment is expected to exceed 35 trillion yuan, contributing approximately 30% to global economic growth annually [1][5][32] - The average economic growth rate over the first four years is projected to reach 5.5%, which is unprecedented given the large economic base [1][5] Manufacturing and Industry - The annual added value of the manufacturing industry has consistently surpassed 30 trillion yuan, maintaining China's position as the world's leading manufacturing nation for 15 consecutive years [5][32] - By 2024, the added value of new industries, new business formats, and new models is expected to exceed 24 trillion yuan [5] Regional Economic Development - The economic output of the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area is projected to account for over 40% of the national economy by 2024 [7] - The Northeast region's grain production is expected to represent 25.3% of the national total, while its crude oil production will account for 21% [8] Infrastructure and Logistics - The national comprehensive transportation network's main framework has achieved over 90% completion, with logistics costs expected to save over 400 billion yuan by 2024 [15] - The average hourly throughput of national ports is projected to reach 3.8 million standard containers, a 26% increase compared to 2020 [15] Foreign Investment and Market Access - From 2021 to May 2024, foreign direct investment in China totaled 4.7 trillion yuan, surpassing the total for the "13th Five-Year Plan" period [20] - The negative list for foreign investment access has been reduced from 151 items to 106, promoting a more open market environment [18][20] Energy and Environmental Goals - By 2024, China's energy consumption per unit of GDP is expected to decrease by 11.6% compared to the end of the "13th Five-Year Plan," making it the fastest country in terms of energy intensity reduction globally [23] - The number of new energy vehicles is projected to reach 31.4 million by 2024, representing a more than fivefold increase from 4.92 million at the end of the "13th Five-Year Plan" [24] Social Development and Employment - The annual increase in urban employment has remained stable at over 12 million, with educational attainment expected to reach or exceed the average level of middle and high-income countries by 2024 [28] - The proportion of nursing beds in elderly care facilities is anticipated to rise to 64.6% [28] Research and Development - By 2024, total R&D expenditure is expected to increase to 3.6 trillion yuan, maintaining China's position as the second-largest R&D investor globally [31] - The core industries of the digital economy are projected to grow by 73.8% compared to the end of the "13th Five-Year Plan" [31] Domestic Demand and Consumption - From 2021 to 2024, domestic demand contributed an average of 86.4% to economic growth, with final consumption contributing 56.2%, an increase of 8.6 percentage points compared to the "13th Five-Year Plan" [32]

Core Viewpoint - The article discusses the achievements and progress of China's economy during the "14th Five-Year Plan" period, highlighting significant economic growth and the successful implementation of various strategic initiatives [1][5]. Economic Growth and Achievements - China's GDP has consistently crossed significant milestones, reaching approximately 140 trillion yuan in 2023, with an increase of over 35 trillion yuan, equivalent to recreating the Yangtze River Delta region [1]. - The average economic growth rate over the past four years was 5.5%, which is notable for such a large economy [1][5]. - Key indicators such as urbanization rate and life expectancy have exceeded expectations, with life expectancy rising from 77.3 years in 2020 to 79 years in 2023 [5]. Major Indicators and Goals - The "14th Five-Year Plan" outlines 20 key economic and social development indicators, including GDP growth, labor productivity, urbanization rate, and R&D expenditure growth [3][4]. - Some indicators are expected to be achieved, while others are binding, such as increasing the average education years of the labor force from 10.8 years in 2020 to 11.3 years by 2025 [4]. Infrastructure and Major Projects - A total of 102 major projects have been initiated, focusing on transportation, technology, and public welfare, with significant progress reported in areas like high-speed rail and healthcare [5][7]. - Notable projects include the Guizhou-Nanning high-speed railway and the Chengdu Tianfu Airport, which are expected to enhance connectivity and economic development [5]. Domestic Demand and Consumption - Domestic demand has been a major driver of economic growth, contributing 86.4% to the overall growth, with consumption accounting for 56.2% [8]. - The article emphasizes the importance of a robust domestic market, with increasing consumer interest in technology and services [8]. Innovation and R&D - The "14th Five-Year Plan" has seen a significant increase in R&D investment, with the proportion of R&D expenditure to GDP expected to reach 2.68% by 2024 [9]. - The number of innovative drugs in development has reached over 4,000, representing about 30% of the global total [10]. Reforms and Market Dynamics - The article highlights ongoing reforms, including the reduction of market access restrictions and the establishment of a unified electricity market, which has seen market transactions account for 63% of total electricity consumption by 2024 [11]. - The focus on market-oriented reforms aims to enhance competitiveness and streamline regulations [12].