With so much happening in our world we tend to find it difficult to focus on everything. When it gets full on, you can rely on Pepe sorting out the real global changes that will shape your future.
Excellent as usual, enjoy!
Here’s the pop version; call it the new Chinese five-year plan for dummies. You can even sing along, as you mull how to break down the road map for China’s economic and social development from 2016 to 2020.
The People’s Daily said the 13th five-year plan is mostly about economic growth, institutional reforms, the environment, and poverty alleviation. What’s unsaid is that’s a make-or-break road map for China to escape the dreaded middle-income trap.
The first glaring feat of Shisanwu is to enshrine President Xi Jinping’s by now famous “new normal” – as in China’s economy entering a slower, sustainable growth pattern; still a whopping 6.5 percent a year down from the current 7 percent. Premier Li Keqiang has stressed that China needs 6.5 percent over the next five years if it is to become a “moderately prosperous” society.
Beijing Renmin University professor Zhao Xijun breaks it all down: “The timing of the 13th five-year plan is crucial, because by 2020, the nation is supposed to have met its first centenary goal, marking the 100th anniversary of the party’s founding [in 1921], to complete the building of a moderately prosperous society.“