BEIJING: China is targeting sustained and healthy economic development in the five years to 2025, with an emphasis on a higher quality of growth, the Xinhua news agency said on Thursday, citing the ruling Communist Party鈥檚 Central Committee.

President Xi Jinping and members of the Central Committee, the largest of the ruling party鈥檚 elite decision-making bodies, met behind closed doors from Monday to lay out the 14th five-year plan, a blueprint for economic and social development.

China鈥檚 external environment 鈥渋s getting more complicated,鈥� the agency said, adding, 鈥淭here is a significant increase in instabilities and uncertainties.鈥�

However, the country鈥檚 development was still in a period of important strategic opportunities, despite new challenges, it said.

It added that China aims to boost its gross domestic product (GDP) per person to the level of moderately developed countries by 2035, while GDP is due to top 100 trillion yuan ($15 trillion) in 2020.

China will also deepen reforms and let market forces play a decisive role in resources allocation, the agency said.

China will promote a 鈥渄ual circulation鈥� model, make self-sufficiency in technology a strategic pillar for development, move to develop and urbanize regions, and combine efforts to expand domestic demand with supply-side reforms, it added.

The 鈥渄ual circulation鈥� strategy, first proposed by Xi in May, envisages that China鈥檚 next phase of development will depend mainly on 鈥渄omestic circulation鈥� or an internal cycle of production, distribution and consumption, backed by domestic technological innovation.