ShippingWatch

China to manifest its growth dominance with new five-year plan

While other countries are shutting down due to coronavirus, China has opened up, and there is a lot of activity in the country's ports. Now everyone is looking to the five-year plan, set to be published this week. ShippingWatch has asked two economists specialized in Asian conditions about whether China can maintain its role as global growth driver.

Photo: NOEL CELIS/AFP / AFP

When Chinese President Xi Jinping approves the country's 14th five-year plan this week, he also sets the course for a sizeable part of the global economy in years 2021 to 2025.

And he puts words and numbers on how China plans to grow, import and export goods as well as commodities, how the country plans to become more independent from the global community and to create a middle class of around 400 million citizens, who can afford to spend.

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