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  • Beijing Review

    NEW GROWTH DRIVER

    Aug 20, 2020 4 minutes
    By Feng Kui
    Copyedited by Madhusudan Chaubey

    The author is a researcher with the China Center for Urban Development

    At a meeting on July 30, the Political Bureau of the Central Committee of the Communist Party of China (CPC) proposed that investment and consumption demand should be driven through new urbanization projects.

    Normally, top decision-makers make proposals for the work in the second half of the year. But this year is very different, as China’s central and local governments are formulating development plans for the next five years, the 14th Five-Year Plan (2021-25), which is also the first five-year plan in China’s journey toward modernization

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