New Era.New Plan provides a glimpse into the making of the 12th Program and how it aims to re-balance and restructure the economy. The current growth model is economically and environmentally unsustainable. There are gaps between rich and poor that need to be bridged. China needs to change direction.
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Key targets of China´s 12th five-year plan
Economic targets
Economic restructuring
Innovation
Environment & clean energy
Agriculture
Livelihood
Social management
Reform
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Zhang Shunzhai, General Manager of Vegetable Cooperative in Hubei
I made 5 suggestions: First, cooperatives need additional support. Second, cooperatives need policy support to help obtain financing, which isn’t easy. Third, we need a policy to encourage research into new crop seeds.
Adam Dunnett, General Manager, European Union Chamber of Commerce in China
The EU Chamber of Commerce is a nonprofit membership based lobby organization. So the 5-year Plan is something that is very much of interest to our members because the 5-year plan, in itself, is something that is used later for developing other legislation, rules, regulations...
Zhang Liqun, Development Research Centre of the State Council
In the next 5 years, it will be more difficult to increase farmers’ income, because profit is low compared to other economic sectors. So, income for farmers should be increased in a variety of ways. More favorable policies for the farmers should be adopted.
Michael. Pettis, Professor of Finance at Peking University
China will rebalance, it has to rebalance. There’s simply no way it continue this way, unless you assume that the rest of the world has an infinite capacity for debt which of course clearly it doesn´t.
YU Zhengsheng, Party Secretary, Shang Hai Committee of the CPC
Low-carbon and green technology is a big priority for humanity if we want to live in harmony with nature.
Adam Dunnett and Michael Pettis
Last year there was a lot of concern. There was a lot of play in the media about the investment environment. We actually conducted a study with our members and we asked them for their opinions. They told us that they are confident in the market itself.
Van Yang and his team. Van Yang, Director & Cinematographer
The 5-year plan in China is an amazing document. I like it to call the most important living document. When you think about it, it’s in clear numbers.
