China’s 15th Five-Year Plan: China eyes resilient domestic market less vulnerable to whims of global trade cycles and foreign tariffs
With the adoption of China’s new development blueprint for the next five years, the world is seeing far more than a national development roadmap – it is embracing inclusive growth, technological advancement and win-win cooperation that transcend borders. The global community is grappling with growing division and conflicts – from...
China reconfigures its technology around exports, investment and consumption as pistons of its economic engine
The country is now poised to place big bets on technology. In late February, Beijing’s Haidian District – known as China’s Silicon Valley – pledged over 9 billion yuan ($1.3 billion) for industrial innovation this year. Leading AI model firm Zhipu AI and chip designer Moore Threads have been early bets for the district government – prime examples of China’s strategy to back up hard tech for the long haul.
Virtues of planning ahead: How China is able to keep its five-year economic plans on course, schedule
In the book “China’s Megatrends,” American scholar John Naisbitt vividly described China’s planning approach as “framing the forest and letting the trees grow,” highlighting how the plans set broad national priorities while giving individual sectors and enterprises the freedom to develop in their own ways.
