Perfecting China, Inc.

China's 13th Five-Year Plan

Nonfiction, Social & Cultural Studies, Political Science, International, International Security, Politics, Economic Conditions
Cover of the book Perfecting China, Inc. by Scott Kennedy, Christopher K. Johnson, Center for Strategic & International Studies
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Author: Scott Kennedy, Christopher K. Johnson ISBN: 9781442259607
Publisher: Center for Strategic & International Studies Publication: June 8, 2016
Imprint: Center for Strategic & International Studies Language: English
Author: Scott Kennedy, Christopher K. Johnson
ISBN: 9781442259607
Publisher: Center for Strategic & International Studies
Publication: June 8, 2016
Imprint: Center for Strategic & International Studies
Language: English

This study examines China’s 13th Five-Year Plan, the most authoritative strategic blueprint for the country’s economic policies under Xi Jinping. The plan seeks to rebalance the economy toward more advanced technologies, greater environmental protection, and a stronger social safety net. However, it does not fundamentally rebalance the relationship between state and market, with the government and Chinese Communist Party still left with significant tools to micromanage most aspects of the economy. Unless greater emphasis is given to shifting this balance, the most likely result will be “growth with volatility,” in which some Chinese companies move up the value-added chain, but without fundamentally improving the country’s overall efficiency and performance.

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This study examines China’s 13th Five-Year Plan, the most authoritative strategic blueprint for the country’s economic policies under Xi Jinping. The plan seeks to rebalance the economy toward more advanced technologies, greater environmental protection, and a stronger social safety net. However, it does not fundamentally rebalance the relationship between state and market, with the government and Chinese Communist Party still left with significant tools to micromanage most aspects of the economy. Unless greater emphasis is given to shifting this balance, the most likely result will be “growth with volatility,” in which some Chinese companies move up the value-added chain, but without fundamentally improving the country’s overall efficiency and performance.

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