Five-Year Plan

American  

[fahyv-yeer] / ˈfaɪvˌyɪər /

noun

(sometimes lowercase)

1. any plan for national economic or industrial development specifying goals to be reached within a period of five years, especially as undertaken by the Soviet Union and China.

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Five-Year Plan British  

noun

1. (formerly in socialist economies) a government plan for economic development over a period of five years

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Etymology

Origin of Five-Year Plan

1925–30; originally probably as translation of Russian pyatilétka

Example Sentences

As the 15th Five-Year Plan has laid out, the key focuses are on improving industrial modernization, improving technological self-reliance, and ramping up domestic demand.

From Barron's

Leaders in the world's second-largest economy were reviewing steps this week to address those challenges in the government's latest Five-Year Plan, an economic, political and social roadmap that will guide China through to 2030.

From Barron's

Hirson also was unimpressed with China’s Five-Year Plan, a blueprint for the government’s priorities for the next five years.

From Barron's

Beijing is also expected to publish its 15th Five-Year Plan during the Two Sessions, which began on Wednesday with the opening of the Chinese People's Political Consultative Conference, an advisory body.

From Barron's

Penchansky says that it’s impossible to have a five-year plan in an industry that changes so quickly: “Eighteen months is our runway. Our love language is, OK, what’s next?”

From The Wall Street Journal

Related Words

• blueprint
• scheme