We outline the major themes to emerge from the plan and what the new economic era will mean for investors
China recently released the details of its 12th
five-year plan (2011 - 2015), outlining the government’s strategy for creating a more balanced economy and sounding the starting gun for a next phase of the country’s growth. In a document dominated by the topic of balance, the key themes of the five-year plan were as follows:
- Rebalancing economic growth, in particular, stimulating consumption (relative to exports and investment)
- Adjusting the supply structure by upgrading traditional industries, developing new strategic industries, and promoting the service industry, clean energy and environmental protection
- Balancing regional growth by accelerating the development of inland areas, promoting regional integration, and fostering urbanisation in small- and medium-sized cities.