China’s Turning Point
China’s new five-year plan, the 12th since the revolution, plans to shift the economy from exports to domestic consumption. It is likely to prove the most monumental plan since Deng Xiaoping opened the economy 30 years ago, not only for China, but for Asia and the world as well.
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NEW HAVEN – In early March, China’s National People’s Congress will approve its 12th Five-Year Plan. This Plan is likely to go down in history as one of China’s boldest strategic initiatives.