The Chinese policy forum, the Fifth Plenum, wrapped up last week. Details are sketchy but they laid out the framework for the 14th five-year plan. This is not a Soviet-style fiveyear plan. This is a reliable guide to Chinese development priorities over the next five years. It also points the way to investment opportunities and new business developments.

As a reminder, here are some results from the 13th five-year plan — 55 million people were lifted out of poverty while annual crop production reached around 500 kg per person. Meanwhile, the urbanisation rate reached over 60% and around 1.3 billion people were covered by basic health insurance and this provided support during the Covid-19 crises. Finally, over one billion people are covered by basic pension schemes.

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