[digitimes] China's 12th Five-Year Plan makes it clear that the county, which overtook Japan in 2010 to become the world's number two economy, has now turned its attention from the pursuit of national strength to increasing its people's prosperity. It places far greater emphasis on internal markets and domestic demand than ever before, and includes industrial structures that emphasize added value. China's 12th Five-Year Plan also sets out seven major new strategic industries, for which investment is projected to reach CNY10 trillion over the next five years; the sheer scale of the commercial opportunities created needs no further explanation. This report looks at the core directions for development in China's 12th Five-Year Plan.
Overview of China's 12th Five-Year Plan