12th_Five-Year_Plan_China_s_Economic_Transition.pdfVIP

The 12th Five-Year Plan: China’s Economic Transition An Economist Corporate Network Shanghai project for Tekes May 2011 The 12th Five-Year Plan: China’s Economic Transition Contents 1. What is a “Five-Year Plan” 3 History of previous planning exercises 3 2. What can we expect in the next five years 4 The role of the state sector 6 Trade grievances 7 3. What was the outcome of the previous Five-Year Plan 8 Social policy 8 Was everything in the 11th Five-Year Plan accomplished 9 4. The search for a new growth model—from “strengthening the nation” to “enriching the people” 10 Mismatches in supply and demand 11 Investment flows 12 An inclusive development model with new priorities 13 “Enriching the people” vs. “strengthening the nation” 13 5. Key targets 14 Comparison with the goals of the 11th Five-Year Plan 15 6. Strategic initiatives 16 7. Analysis 19 Are the targets realistic 19 Challenges ahead: market mechanisms vs. interventionism 19 Domestic consumption is not easy to boost 20 No clear roadmap for tax reform 20 8. Business opportunities 21 Modern agriculture 21 Service sector 21 Logistics and distribution 21 Health care 22 Technology sector 22 9. Business barriers and restrictions 23 ? Economist Corporate Network 2011 1 The 12th Five-Year Plan: China’s Economic Transition Disclaimer ? 2011 Economist Intelligence Unit. All rights reserved. All information in this report is verified to the best of the author’s and the publisher’s ability. However, the Economist Intelligence Unit does not accept responsibility for any loss arising from reliance on it. Neither this publication nor any part of it may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the Economist Intelligence Unit. 2 ? Economist Corporate Network 2011 The 12th Five-Year Plan: China’s Economic Transition 1. What is a “Five-Year Plan” China’s