Economists zeroed in on China’s focus on quality economic growth and its technology ambitions in the 14th five-year plan released Thursday. A communique released after a four-day meeting of the Communist Party’s Central Committee gave a broad outline of the plan as well as sketching out a vision for the economy as far as 2035. Here’s a look at what economists are saying about the plan: Quality Growth The communique implied an aggressive path of economic expansion without mentioning the pace of gross domestic product growth explicitly. The previous five-year plan in 2015 had outlined a goal for medium-to-high … (full story)
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