17 Oct 2017
Beijing, October 18th, 2017 ---- On October 18th, 2017, the 19th National Congress of the Communist Party of China (CPC) will convene in Beijing. During this week-long congress, CPC will introduce the next generation of China’s top leadership team under General Secretary Xi Jinping’s second five-year term (2017-2022).
The widely anticipated top leadership team line-up will not only assume the topmost positions in all key aspects of the CPC and government functions. They will also kick off the nation’s recalibrated strategic direction and roadmap for the five to ten years ahead. Towards the end of their new five-year term that ends in 2022, they will have to showcase to the entire nation how the direction and roadmap followed, executed, and measured when CPC celebrates its 100th birthday on July 1st, 2021.
As Kitty Fok , IDC China Managing Director, has pointed out,
“China in its post 19th-CPC era will witness a continuous and deeper application of the nation’s five development concepts, which revolved around innovation, coordinated development, green development, opening up, and inclusive development, all of which formed the fundamental development and reform ideology in China’s ongoing 13th Five Year Plan (2016-2020). The new era will also feature accelerated digital transformation (or DX) across the board to sustain China’s economic growth. Technology vendors who offer products, services, and solutions, and business organizations in various industries who have to transform into digital-native enterprises through the use of digital and disruptive 3rd Platform technologies, will all have to prepare for a new set of opportunities and challenges.”
In particular, IDC projects that China will take on these primary development focuses in its post 19th-CPC era: Innovation Driven Development, Digital Transformation, Globalization, Culture Revitalization. and People’s Well-being, to truly advance the country throughout the next decade.
Here is a brief recap of each development focus:
China’s upcoming top leadership team, which will be revealed out of the 19th CPC, is widely expected to be collaborative, determined, and supportive of refining, optimizing, and executing the ongoing 13th Five Year Plan with these newly identified strategic and primary development focus areas. It is very important to fully understand the market opportunities around each of them, and start to immerse in China’s Innovation Driven Development, Digital Transformation, Globalization / Belt and Road, Culture Revitalization, and People’s Well-being endeavors. Staying away from these strategic areas may lead to missed opportunities both along the Belt and Road and in China. Said Lianfeng Wu, IDC China’s Vice President &Chief Research Analyst.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit http://www.idc.com/. Follow IDC on Twitter at @IDCChina
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