China’s Communist party leaders are expected to prioritise increased investment in advanced manufacturing, as they meet this week to hammer out the next five-year plan in the shadow of tensions with the US over technology and trade.
The party’s elite Central Committee, which will begin mapping out the country’s 15th five-year plan at the four-day “fourth plenum” meeting on Monday, is also expected to highlight the importance of consumption in an economy threatened by persistent deflation.
“The meat of the 15th five-year plan probably will be to show determined support for technology, innovation and security,” said Hui Shan, chief China economist at Goldman Sachs.