News Snapshot:
Mix Author: Jianmin Jin, Fujitsu An important concern for the international community in the post-COVID-19 era is the direction of US–China relations and the sustainability of China’s economic development. China’s political leadership recently released two development proposals — China’s 14th Five-Year Plan (2021–2025) and the Long-Range Objectives Through the Year 2035 — that clarify the policy orientation and intentions of Beijing. The proposals mark the end of the export-led economic strategy that has driven development for 40 years and a shift towards a ‘dual-circulation’ growth pattern driven by domestic demand supplemented by external demand. This new strategy places innovation at...
