In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘state control’

Why is China making another five-year plan ?

Posted by seumasach on October 14, 2015

“China has relied on a strong government steering its economy for over 60 years, so it would be unwise not to draw on a tradition that has proven effective in the last few decades, especially with the economy at a crux of upgrades and changes of emphasis,” Xinhua said answering its own question.

Asia Times

13th October, 2015

An interesting tidbit out of Xinhua Tuesday posed the following question: If China is moving to a market economy, why does it need to develop another five-year national plan?

 

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