China’s Five Year Plan sees manufacturing shake-up

Posted on 16 Mar 2016 by Michael Cruickshank
A steel refinery in Shanghai, China. Image courtesy of Flickr - Erik Charlton.

The latest Chinese Five-Year Plan has today been ratified by China’s parliament, the National People's Congress (NPC).

The new plan sees the country set a new GDP growth target of 6.5% per year through to 2020, and envisages significant changes to the country’s manufacturing sector. All up, 2,778 members making up 97.2%of the total number of lawmakers voted in favour of the Five-Year Plan during the closing meeting of the annual session…

This content is for subscribers only. Subscribe now for free to read the full article.