Innovation to drive China’s development

Sustained progress: Employees work on a truck assembly line at a factory in Qingzhou in eastern China’s Shandong province. During the 14th Five-Year Plan period (2021-25), the economy will grow by an average of between 5% and 6% on a yearly basis. ─ AFP

BEIJING: China is set to enter a new stage of innovation-driven and high-quality development over the next five years, providing new impetus to global recovery and growth, experts have said.

Xu Hongcai, deputy director of the China Association of Policy Science’s economic policy committee, said China’s economy is set to expand by around 8.5% this year after the low base of last year.