The National Development Reform Commission’s Report at the 4th Session of 12th National People’s Congress

Abstract

Each year, the National Development and Reform Commission (NDRC), China’s apex body to administer the financial planning and development, prepares and submits the work report to its mentor - the State Council. This year’s work report hold a peculiar significance as it was the last in the series of 12th Five Year Plan. The report highlighted the major milestones the Chinese economy achieved so far in 2015 and also discussed the future course of economic manoeuvre during the 13th Five Year plan. Although, historically as well as principally, the work reports by NDRC or its predecessor State Planning Commission and State Development Planning Commission were more ceremonial and far from self-diagnostic, there is a makeover underway especially the way the reports have been projected. The recent reports, which are tabled in the wake of economic slow-down, take reflective positions than earlier reports. However, this can be perceived as a thoughtful position by leaders and not an agent of any depressive or progressive tendencies.