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  • Five-Year Plans (FYPs) are centralized and integrated national economic programs. Joseph Stalin implemented the first Five-Year Plan in the Soviet Union in 1928.

POINT TO NOTE

  • Five-Year Plans of India (India used to have this system too)
  • The new government led by Narendra Modi, elected in 2014, announced the dissolution of the Planning Commission, and its replacement by a think tank called the NITI Aayog (an acronym for National Institution for Transforming India).

FIVE-YEAR PLANS OF CHINA

  • Thirteenth Plan (2016–2020)
  • The fifth plenary session of the 19th Central Committee of the Communist Party of China will be held in Beijing in October 2020
  • Attendees will assess the proposals for the next five-year plan that spans 2021 to 2025 “and future targets for 2035,”

VISION

  • In a world where the near future is becoming increasingly unclear, especially as the coronavirus pandemic rages on, looking 15 years down the road is
  • far-fetched, even for the strategic-thinking Chinese.

XI TO RULE TILL 2035

  • The key here is Mao Zedong, the founding father of “new China,” who reigned over China until his death at 82.
  • For Xi, who was born in 1953, the year 2035 is when he too will turn 82.

2035

  • The 2035 manifesto will contain many things likebuildingaspectacularmilitary

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WHAT U.S SAID ON THIS

  • China will be able to contest US operations throughout the entire Indo-Pacific region by 2035 –if not before, according to a commission that advises the US Congress on the national security implications of the US-China trade and economic relationship.

SIX AIR CRAFT CARRIER

  • The South China Morning Post reported the third aircraft carrier could operate a stealth fighter as its main aircraft. Media reports have claimed China envisions having a fleet of up to six aircraft carriers by 2035 to effectively challenge the US Navy.

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CHINA STANDARDS 2035

  • What is the China Standards 2035 Plan
  • China is set to release an ambitious plan to write global standards for the next generation of technology, a move that could have enormous implications for tech industries worldwide

DETAILS

  • The China Standards 2035 plan will lay out a blueprint for China’s government and leading technology companies to set global standards for emerging technologies like 5G internet, the Internet of Things (IoT), and artificial intelligence, among other areas. It will work in concert with China’s other industrial policies –namely the controversial Made in China 2025 policy –as the country’s leaders seek to become global leaders in high-tech innovation.

WHAT ARE INDUSTRY STANDARDS?

  • Simply put, the tech industry, along with other industries worldwide, use standardized processes and specifications to ensure that products are built to work together seamlessly. If each country or company set its own standards, technologies would not be able to easily work with products designed by other companies or work in other markets. In effect, standards allow products to be designed and produced at scale and used worldwide.

IS THE CHINA STANDARDS 2035 PLAN LINKED TO THE ‘MADE IN CHINA 2025 PLAN’?

  • Made in China 2025, a key industrial policy for the development of tech in China, seeks to foster second-tier companies that are leaders in design and innovation.

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