TECH BUYER Apr 2021 - IDC Perspective - Doc # CHE47561021
The Impact of China's 14th Five-Year Plan
This IDC Perspective presents a unique standpoint on China's 14th Five-Year Plan, looking back over the last 15 to 20 years of rapid development in China and projecting forward another five to 15 years. The economy is now at a turning point, from which it must move up the value chain and avoid the trap of diminishing returns. With sufficient investment in high value-add development, fundamental R&D, and further reforms, we believe that China will see continued expansion with its unique advantages while avoiding growth stagnation. The country offers an opportunity for sustainable development both inside and outside of China through partnerships and further initiatives. Technology buyers and vendors can find many opportunities from the development of the largest developing nation in the world.