In a communiqué released on 29th October, at the end of the 5th Plenum, the Central Committee of the Chinese Communist Party issued guidelines for the country’s next economic five-year plan and overall economic policy until 2035.
The final 14th Five-Year Plan document will be adopted at the annual session of the National People’s Congress next spring.
Following an overview of China’s continuing recovery from the COVID-19 pandemic, the focus turned to key themes of the 14th Five-Year Plan:
- To Strengthen Chinese indigenous innovation
- To foster a strong domestic market via Dual Circulation
- To promote further opening-up of the Service Sector
- And in the long term: to double the size of China’s economy by 2035
The challenges and obstacles China may encounter when seeking to fulfil these goals were explored in the presentation, and insights were shared on the related opportunities available for British businesses.
The Q&A session provided a great opportunity for CBBC members to ask Torsten Weller about a range of topics, from innovation and technology transfer, UK exports to China in the services sector, the UK’s participation in the Chinese renewables sector, to the China bond market, and more.
View the slides for the session here.
Watch the recording of the webinar here.
Stay tuned for further announcements on future sessions of Ask the Analyst. For enquiries regarding this events series please email: Isabel.Curnock@cbbc.org