Ever wondered how some plans go beyond spreadsheets and turn into real-life game changers? 🚀 China's 14th Five-Year Plan (2021–2025) is doing just that1driving innovation, digital upgrades and a green revolution, all while keeping society stable, says Michael Schumann, chairman of the Board of the German Federal Association for Economic Development and Foreign Trade, in a chat with Xinhua.
Resilient Transformation
Schumann calls this period a 'resilient transformation,' where challenges become catalysts for modernization. Despite global uncertainties, China has kept its foot on the accelerator for tech breakthroughs, social stability and green initiativessomething few countries manage.
New Quality Productive Forces
The plan's concept of 'new quality productive forces' shifts the focus from low-cost labor to advanced tech, green energy, digital platforms and skilled talent. Think of it like leveling up from classic to next-gen, unlocking fresh growth drivers for China and reshaping the global engine toward sustainability.
Opening Up & Global Connectivity
At a time when some economies are pulling barriers up, China continues to open doors. The China-Europe Railway Express is a prime example: more than just cargo, it's building trust, stability and shared growthtransforming logistics hubs in German cities and boosting local economies.
As China gears up for its 15th Five-Year Plan, Schumann expects even more green growth, deeper digital transformation and stronger international cooperation on climate tech, sustainable finance and global governance reform. One thing's clear: the Five-Year Plan remains the beating heart of China's dynamic development model. 🌱
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Five-Year Plan is beating heart of China's dynamic development model
cgtn.com
