Asian Spectator

Men's Weekly

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China’s new 5-year plan: A high-stakes bet on self-reliance that won’t fix an unbalanced economy

  • Written by Shaoyu Yuan, Adjunct Professor, New York University; Rutgers University

Every few years since 1953, the Chinese government has unveiled a new master strategy for its economy: the all-important five-year plan.

For the most part, these blueprints have been geared at spurring growth and unity as the nation transformed from a rural, agrarian economy to an urbanized, developed powerhouse.

The task that faced China’s...

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