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Insight Report

PWC Interpretations on the 14th Five-Year Plan…

1 Dec 2020

PWC analyses China’s proposals for the 14th 5-Year Plan for National Economic and Social Development.

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Key takeaways

The Insight Report presented the following observations:

  • China is now focusing on high-quality and coordinated development which will not be measured purely by GDP growth.
  • Technical innovation continues to be a priority source of growth.
  • This is coupled with the indent to modernise China’s industrial system.
  • Both fostering the domestic market as well as opening up to mutually beneficial international partnerships are also priorities.

Only booming technological innovation can assure sustainable economic development. With an ageing population and a continuously dropping savings level, we must resort to technological progress to improve total factor productivity.

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