The fifteenth Five Year Plan is out. This is worth a read.
It's less specific than the Fourteenth Five Year Plan, which is just finishing up. That was the one which contained "Made in China 2025", calling out specific industries that needed to catch up. Most of those goals were achieved.
The fifteenth plan has less of that. It calls for a consolidation phase.
There's much political boilerplate, but read carefully and you'll see specific goals called out. Note policy on Taiwan, and on Hong Kong and Macao.
The Taiwan plan seems to be to use soft power to tie Taiwan closer to the mainland.
China has a social security problem as the population ages, and there's quite a bit on that.
"We should implement a system for collective wage bargaining" - that's a surprise. I doubt they meant labor unions. Any comments on that?
"Young scientists and engineers should receive support to pursue innovation or start their businesses." - venture capital with a socialist touch?
The various ministries and provincial governments will now turn out specific goals consistent with the five-year plan. That's when the specifics appear.
It’s impressive how competent Chinese governance has been overall. Their plans are largely met because they govern with all these goals in mind. It makes me wonder if western political systems should learn something from China.
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[ 2.8 ms ] story [ 70.7 ms ] threadIt's less specific than the Fourteenth Five Year Plan, which is just finishing up. That was the one which contained "Made in China 2025", calling out specific industries that needed to catch up. Most of those goals were achieved. The fifteenth plan has less of that. It calls for a consolidation phase.
There's much political boilerplate, but read carefully and you'll see specific goals called out. Note policy on Taiwan, and on Hong Kong and Macao. The Taiwan plan seems to be to use soft power to tie Taiwan closer to the mainland.
China has a social security problem as the population ages, and there's quite a bit on that.
"We should implement a system for collective wage bargaining" - that's a surprise. I doubt they meant labor unions. Any comments on that?
"Young scientists and engineers should receive support to pursue innovation or start their businesses." - venture capital with a socialist touch?
The various ministries and provincial governments will now turn out specific goals consistent with the five-year plan. That's when the specifics appear.
Like what? We're not copying the communist planned economy, nor will we ever facilitate a total autocracy. The West will never out-China the Chinese.