U S -China Economic and Security Review

China's 13th Five-Year Plan U S -China Economic and Security Review

Xi Jinping's vision for China's development, the 13th Five-Year Plan, is a blueprint that seeks to create a "moderately prosperous society in all respects," based on innovation, open trade, green growth and inclusive growth. Understanding the key priorities of the world's top trading nation, most populous country, largest manufacturer, and second-largest economy, and the opportunities and challenges they create for the United States is critically important for U. S. policymakers and businesses. How will the Chinese government finance its ambitious reform agenda? What is the impact of China's high-tech industrial policies on U. S. automotive, aerospace, and semiconductor industries? What are the opportunities and challenges for U. S. companies to compete fairly in China's expanding consumer and service market? The 13th Five-Year Plan builds upon the 11th and 12th Five-Year Plans to shift China's economy away from large-scale infrastructure and export-led growth toward an economy driven by domestic consumption and higher value-added manufacturing. The Chinese government is hoping to unleash economic growth and create a new consumer base and working class through urbanization. By 2020, the Chinese government hopes to increase the share of its population with urban hukou from 40 to 45 percent.