China’s Communist Party Central Committee wrapped up its annual plenary session on Thursday. This year’s 5th Plenum is significant because it falls in the last year of the 13th Five Year Plan period of 2016-2020. Party leaders, therefore, approved recommendations for the 14th Year Plan, which will apply to 2021-2025. While the more detailed 14th Five Year Plan proposal is not yet available, Party leaders released a communique summarizing at a high level the plan’s objectives. With respect to trade and economic issues, the communique includes only high-level economy-wide objectives and does not provide details regarding plans for specific industries. It suggests that China will:
More details regarding the direction of the 14th Five Year Plan should be forthcoming in the coming weeks and months.