China's Five-Year Plan aims at economic security
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Significance The lessons of the COVID-19 pandemic and responses to more antagonistic relations with the United States have been written into Beijing's long-term plans. Some existing priorities have gained new salience and new strategies have been added. Impacts Self-sufficiency means more emphasis on a strong manufacturing sector and less on services. Downplaying GDP growth acknowledges the uncertainty of the medium-term outlook and the inevitability of growth slowing in the longer term. Increases in per capita income will help promote demand growth, as will expanding online consumer markets, especially in rural areas. Major targets for consumption spending include cars, housing and services such as education and healthcare.
2019 ◽
Vol 11
(3)
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pp. 460-470
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2020 ◽
Vol 27
(7)
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pp. 1149-1166
2016 ◽
Vol 28
(3)
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pp. 525-546
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