China’s Five-Year Plan: A transformative shift towards self-sufficiency

UBP
By September 10, 2021 08:27

China’s Five-Year Plan: A transformative shift towards self-sufficiency

China’s Five-Year Plan: A transformative shift towards self-sufficiency

2021 targets: Premier’s Government Work Report places more emphasis on employment and innovation

The National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPCC) closed in Beijing on March 11th. This is the most important event on China’s political calendar, as the NPC approves the main policy objectives that will set the tone for the remainder of the year. This year was especially important, as it also …

Key Takeaways

  • GDP growth expected to reach 8.6% in 2021, exceeding the official target floor of 6.0%. The targets during the 14th FiveYear Plan will be set on an annual basis, as more emphasis will be placed on employment and innovation.
  • Five themes will shape the next five years: 1) China will achieve high-income status by 2025; 2) Domestic consumption will take over as the next driver of growth; 3) Innovation will reduce external vulnerabilities; 4) Climate goals will require sizeable investments; and 5) Structural reforms will benefit the development of domestic bond and equity markets.
  • Investors that can successfully embrace these themes will be better positioned to benefit the most from China’s brightening cyclical outlook and favourable long-cycle backdrop.

Asset Manager
UBP

We focus on the one activity we excel at – wealth management for private and institutional clients

Our energy and resources are dedicated to constantly expanding our expertise in this field. We are proud to attract and foster outstanding talent among our teams, in order to offer a service of the highest calibre.

Website:www.ubp.com

Frederic Peemans
Tel: + 32 2 761 92 41
frederic.peemans@ubp.com

Astrid Gehoel-Ceelen
Tel: +32 2 761 92 42
astrid.gehoel-ceelen@ubp.com

Mieke Hofman
Tel: +32 2 761 92 43
mieke.hofman@ubp.com

UBP
By September 10, 2021 08:27

SEARCH