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Malaysia, Asean to benefit most from China's new economic strategies


Momentous meeting: China’s top political advisory body wrapped up its annual session recently.
Xinhua
CHINA’s most important meetings of the year – “Two Sessions” – have unveiled Beijing’s medium- and long-term economic goals and strategies that experts believe will not only boost China’s quality development and modernisation but will also benefit the world, in particular Asean.
As Malaysia is part of the 10-nation Asean, China’s biggest trading partner, it will gain from Beijing’s strategies as long as Putrajaya continues to embrace foreign policies deemed as friendly – or at least non-toxic – towards Beijing.
The “Two Sessions” or Lianghui refers to the annual meetings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC). ....

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China's 5-year plan to lead global recovery


SOURCE / ECONOMY
By GT staff reporters Published: Mar 08, 2021 09:52 PM
Major targets of China s 14th Five-Year Plan (2021-25). Graphic: GT
 China is aiming to lift its economic, technological and national strength to a new, higher stage in the next five years, under a sweeping blueprint that has put heavy emphasis on improving domestic economic conditions, boosting technological innovation and national security, while leaving sufficient room to cope with mounting risks and challenges, officials said on Monday.
In a break from a decades-long tradition, China s 14th Five-Year Plan (2021-25) did not set a specific GDP growth target - for the first time in the country s history of making up five-year plans - but instead stresses goals in other indicators, including unemployment rate, energy consumption and carbon dioxide emissions, in line with a mission to improve people s livelihood and quality of development. The change also reflected mounting uncertainties ....

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Policy advisers: Dual circulation vital to growth-Eastday


From:ChinaDaily   |  2021-03-04 07:12
Strategy will consolidate nation s key role in global market, say experts
China is seeking a new position in the global economy, aiming to simultaneously become a world market and a world factory , which will consolidate its key role in the global market, with deeper integration into global society, according to top-level policy advisers.
That is a blueprint not only for guiding this year s economic work, but also setting a basic principle for China s 14th Five-Year Plan (2021-25), indicating policymakers determination to further open the domestic market.
Legislators and political advisers will gather in Beijing this week to discuss the key issues of China s development at the annual sessions of the National People s Congress and the National Committee of the Chinese People s Political Consultative Conference. ....

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