Reversing the tide of 'slowbalisation': China's latest Five Year Plan to kickstart growth at home and abroad

Deep Dive into China

The Communist Party of China concluded the fifth plenum of the 19th Party Congress in late October, where it mapped out the policy agenda for the next five years and laid out its long-term vision for the following 15 years.

By 2035, China aims to achieve a modernised social market economy. One of the major goals is for the country's GDP per capita to reach the middle level of advanced economies, with its GDP to double today's size in 15 years. This implies an average GDP growth of 4.73% between 2021 and 2035. Other major goals include making major breakthroughs in key technologies to become a global leader in innovation, strengthening the country's cultural soft power, achieving carbon neutrality by 2060 with tight control of carbon emissions, as well as narrowing the urban-rural development disparities and...