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China Economic Plan - Coggle Diagram
China Economic Plan
Energy
Carbon Neutrality by 2060
Renewables
Reducing output of highly polluting metals
Rejuvenation of agricultural lands
Ensuring food, energy and minerals supply
Blueprint
5 Years
Boost Domestic Market
Reduce Technological Dependence
National People Congress NPC Meeting
Growth Targets
No Clear Targets
Provinces set 6 - 8%Targets
Quality Growth
2021-2025 5.5% PA
11M Urban Job Targets
Covid
Only Economy to expand in 2020
Under control
Exit Stimulus
Monetary
Fiscal
Without Destabilizing Growth/ Spooking Investors
Asset Bubbles
Financial Reforms
Open up to foreign investors
Reduce limits of moving cash overseas
Tightening grip on Tech Giants
Stimulus Withdrawal
Proactive Fiscal Policy
Pre Pandemic Levels at 3% of GDP
Mild focusing on reducing excessive debt
Reduce Local Bond Issuance by 3T yuan
Tech Focus
Develop New Tech
Allocating more resources to Sci and Tech 3.5% GDP
Cut reliance on US for chips
Births and Retirement
Relaxing limits on family size
Raising Retirement age