58 min
China’s 14th Five-Year Plan: A strong political signal on quality of growth RadioFinance
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- Business
In this RadioFinance dialogue, the discussion revolved around China’s 14th Five Year Plan, which detailed the government’s next phase of development to become a higher income advanced economy.
Bert Hofman, director of the East Asian Institute at the National University of Singapore, pointed out that the emphasis of the five-year plan is on the country’s quality of growth. The focus shifts to a “dual circulation” strategy, particularly on creating indigenous innovation and increasing domestic consumption to drive growth.
John Gong, professor of economics at the University of International Business and Economics in Beijing, stated that the five-year plan is a vision statement which sets the goal of elevating China qualitatively into a modern economy and society.
In this RadioFinance dialogue, the discussion revolved around China’s 14th Five Year Plan, which detailed the government’s next phase of development to become a higher income advanced economy.
Bert Hofman, director of the East Asian Institute at the National University of Singapore, pointed out that the emphasis of the five-year plan is on the country’s quality of growth. The focus shifts to a “dual circulation” strategy, particularly on creating indigenous innovation and increasing domestic consumption to drive growth.
John Gong, professor of economics at the University of International Business and Economics in Beijing, stated that the five-year plan is a vision statement which sets the goal of elevating China qualitatively into a modern economy and society.
58 min