Bruegel 107d ago

🎙️First assessment of China's 15th Five-Year Plan 📕⁠ ⁠ ❓️Can Beijing's new economic blueprint deliver in an era of deflation, demographic decline, and technology warfare?⁠ ⁠ "China may actually forget other relevant problems because of this extreme laser focus on innovation. Not so much the innovation itself is a problem in my view. In other words, pushing yourself too much on that, while again, maybe not focusing on social issues — how important it is to increase your share of consumption, having a more improved income distribution, you name it. These are things that seem to be not as relevant because the whole thing is self-reliance, becoming the technology leader and so on. But if you are good enough already, what should that be the one and only objective?".⁠ ⁠ 🗣️Alicia García-Herrero in conversation with Bert Hofman and Yuyun Zhan⁠