KPMG: The 13th Five-Year Plan – China’s transformation and integration with the world economy Go back »
2016-10-20 | Beijing
KPMG’s Global China Practice launched a new report, The 13th Five-Year Plan – China’s transformation and integration with the world economy: Opportunities for Chinese and foreign businesses, at an event at the Diaoyutai State Guesthouse in Beijing on 20 October 2016. This is the second report in the 13th Five-Year Plan (FYP) report series by the Global China Practice.
China’s 13th FYP has the potential to usher in a golden age of inbound and outbound investment activity through the implementation of an ambitious and comprehensive programme of reforms, presenting important new investment opportunities for Chinese and foreign businesses, according to the report.
The report identifies potential investment opportunities under seven key development priorities in the 13th FYP period: developing an innovative economic structure and accelerating industrial upgrading; promoting industrial transformation; establishing a new model of coordinated regional development; advancing green development and putting ‘ecology first’; building a more inclusive society and improving quality of life; increasing openness and global integration; and deepening market-oriented reforms through progressive implementation of institutional reforms.
As highlighted in the report, supply-side structural reform is a key focus area in the 13th FYP. It has three major goals, all of which also hint at significant opportunity for investment: promoting the upgrading of industrial structures; strengthening market-oriented reforms in key sectors of the economy; and meeting the five targets of reducing industrial capacity, inventory, financial leverage and costs, and correcting structural shortcomings.
The Global China Practice plays a leading role in ‘bringing China to the world’ and ‘bringing the world to China’. We hope this report will be a valuable resource for Chinese and foreign companies – global companies, niche players and emerging disruptors alike – to find ways in which they can share in the dividend generated by China’s growth, while making their own contribution to the economy’s transformation.
Source: KPMG
