Five-year plans steer decades of progress Strategic guidance proves governance efficacy as China propels modernization By JI HAISHENG | China Daily | Updated: 2025-10-21 07:01

https://www.chinadaily.com.cn/a/202510/21/WS68f6bf57a310f735438b5fb1.html In 1954, one year after China initiated the inaugural Five-Year Plan (1953-57), a specialized factory for manufacturing bearings, core components of mechanical equipment, was set up in Luoyang, Henan province.