Get ready for global technology war & end of globalization as we know it – China unveils ambitious 5-year plan
By Tom Fowdy, a British writer and analyst of politics and international relations with a primary focus on East Asia.
Today the Communist Party of China wrapped up a very important week-long meeting. Known as the “fifth plenum” of the party’s central committee, the leaders of China released a communiqué which set out their immediate goals, political priorities and vision for the country’s future, including its new five-year economic plan.
The fourteenth of its kind since the revolution of 1949, the plan sets out several goals including increasing GDP to 100 trillion yuan ($14.89 trillion) by the end of this year, internalising economic production and consumption, technological innovation, green development and reducing inequality. There are also plans for increased support for Hong Kong in light of recent unrest and, in a first for such schemes, a timeline for establishing a ‘Great Socialist Culture’ by 2035.
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