”While investors are focused on the day-to-day headlines, including the latest revival in tit-for-tat trade restrictions between the two largest economies in the world, China is busy refining its next “Five-Year Plan”. As with the prior 14, this plan will lay the groundwork for how China develops economically and socially between now and 2030. And the stakes are high for the rest of the world. For the U.S. and Europe, it could mean the widening or narrowing of China’s advantage across a range of technologies. After all, China is entering the next five years with an astounding lead in everything from robotics to drones to shipbuilding and beyond, backstopped by extensive physical infrastructure and lower electricity costs. For Emerging Markets (EM), this next Five-Year Plan could spell the difference between unlocking economic growth via greater share of global manufacturing and buckling under the weight of China’s ongoing export onslaught.”
Læs hele analysen her
Morten W. Langer
