China is likely to leverage advanced technology to boost manufacturing, achieving self-sufficiency while becoming an indispensable exporter
China’s five-year plan has evolved beyond a command-economy production schedule. It now represents a comprehensive vision for the country’s economic future, accompanied by strategies and policy guidelines.
The coming plan is likely to reinforce existing policies that prioritise production. Under themes such as “high-quality development” and “new quality productive forces”, China is striving to solidify its position as a dominant industrial power integrated into the global economy. Its share of global manufacturing, currently at 30 per cent, could increase as the country has a clear competitive advantage in this area.
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