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five-year plan

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five-year plan

Long-term strategic plan for the development of a country's economy. Five-year plans were from 1928 the basis of economic planning in the USSR, aimed particularly at developing heavy and light industry in a primarily agricultural country. They have since been adopted by many other countries.


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Going forward, even though the 11th Five-Year Plan (2006-2010) has set the ambitious targets of slashing nation-wide energy consumption per unit of GDP by 20 percent and the total amount of major pollutants discharged by 10 percent nationwide, there are serious doubts as to whether the SEPA could deliver as its past track record is rather poor.
Under the five-year plan approved by the commission, the county also received $315 million for the Exposition Rail Transit Project.
Their latest five-year plan admits there's difficulty in bolstering grain output and the economic chasm between urban and rural dwellers is wide.
 
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