ANALYSIS OF CHINA’S SOCIO-ECONOMIC SITUATION DURING THE IMPLEMENTATION OF THE 12TH AND 13TH FIVE-YEAR PLANS

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Authors: MGIMO of the Ministry of Foreign Affairs of Russia, Ruslan A. Polonchuk
Cited by: 0

Abstract

This article presents a comprehensive analysis of the socioeconomic situation in the People’s Republic of China during the implementation of the 12th Five-Year Plan (2011–2015) and the transition to the 13th Five-Year Plan (2016–2020). The central thesis of the work is the transformation of the Chinese economy from an extensive model based on cheap labor to an innovative model of intensive growth under the strategic leadership of the Communist Party of China. Based on a systematization of official data (GDP, economic structure, foreign trade, production indicators), the author demonstrates steady, albeit slowing, economic growth against a backdrop of significant structural shifts: the accelerated development of the service sector and a declining share of the industrial sector. The article examines in detail demographic trends (population control, population aging, urbanization), the state of agriculture as a basic sector, and the dynamic development of the electric power industry, with an emphasis on the diversification of energy sources and the growth of renewable resources. The financial sector is characterized as stable, with the growing role of the yuan in international settlements and the expansion of Chinese direct investment abroad noted.

Fields of Study & Subjects

China's Socioeconomic Reforms and Governance Economic and Industrial Development Asian Industrial and Economic Development

Publication details

Journal / source
EKONOMIKA I UPRAVLENIE PROBLEMY RESHENIYA
Volume
2/6
Issue
167
Pages
98–107
Publication date
1 January 2026
Language
EN