China Outlines National Development Priorities for Next Five Years

Key Takeaways

• China will continue to rely on advanced manufacturing to fuel economic growth and prioritize self-sufficiency in science and technology.
• While efforts to bolster consumption will remain largely centered around supply-side dynamics, the government is prepared to allocate more resources to improving consumer confidence and demand.
• Some liberalization in key sectors can be expected, but opportunities for MNCs will likely remain pilot-based and conditional on alignment with China’s industrial and security priorities.