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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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Allbright London Limited
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BE Education
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British Airway
Costa Coffee
Cheung Kong Graduate School of Business
Dulwich College International
Dun & Bradstreet
MCX Interior
Haleon
GKN China Automotive
Holland & Barrett
Harrow International School Shanghai
HSBC
Ingeer Certification Assessment Services
KPMG China
Knight Frank
The University of Manchester China Centre
Nord Anglia Education
Renishaw (Shanghai) Trading Co., Ltd.
The Sino-British College, USST
Smiths Group
Standard Chartered Bank (China) Limited
SpiraxSarco Engineering (China) Ltd.
Topgolf
University of Nottingham Ningbo China
Virgin Atlantic Airways Limited Shanghai Representative Office
Wellington College International Shanghai
Wise
WPP
Xi’an Jiaotong-Liverpool University

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