Seventh five-year plan

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7th Five-Year Plan (1986–1990) - simple summary

The 7th Five-Year Plan aimed to strengthen China’s economy from 1986 to 1990. It marked a shift from direct government control of enterprises to indirect macroeconomic management as part of building a new socialist economy.

Background:
- In September 1985, CCP delegates approved the plan proposal.
- In March 1986, the State Council sent the plan to the National People’s Congress for review and approval.

Key ideas:
- Social security reform: Responsibility for social security would move from enterprises to society as a whole.
- National goals: Speed up development on the coast, with inland areas supporting coastal growth.
- Regional development: Regions should use their own strengths to develop.
- Coastal regions: restructuring traditional industries, creating new industries, and increasing consumer goods production.
- Western regions: focus on processing and agriculture.
- Central regions: emphasize energy, construction, and minerals.

Overall aim: Create a more modern, efficient economy with market-oriented reforms and balanced regional growth.