Australia

Details

  • Industry: Asia Business, China
  • Type: Business and industry issue
  • Date: 31/03/2011

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China

Our Australia China Business Practice assists Chinese companies investing in Australia and supports Australian companies investing in China.

China's 12th Five-Year Plan: Overview 

China's 12th Five-Year Plan emphasises 'higher quality growth'; the country's rapid development over the past 30 years has lifted millions of citizens out of poverty but has raised the question of sustainability, as China grapples with challenges such as pollution, intensive energy use and resource depletion.
China's 12th Five-Year Plan: Overview cover
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Key goals in the plan

  • development of China's Western regions
  • protection of the environment and improved energy efficiency
  • transition of an economy driven by domestic consumption, not exports
  • improve the lives of Chinese citizens
  • development of seven priority industries:
    • three sectors align with the theme of sustainable growth (energy savings and environmental protection; new energy; and clean energy vehicles
    • the other areas are consistent with China's ambition to move up the value chain; biotechnology; new materials; new IT; and high-end manufacturing.


 

Further information about China's 12th Five-Year Plan.

 

Edwin Fung


"The Five-Year Plan could have implications for the way you manage your people, the locations you operate in and the decisions you make in terms of investment in areas such as R&D, logistics, or procurement."

 

Edwin Fung

Global Chair, Global China Practice

Six reasons why the Five-Year Plan matters for your business

China’s 12th Five-year Plan signifies a new phase of growth for the country that will have flow on impacts across the world. Here are six reasons the Five-Year Plan matters for your business.

Australia-China corridor

Australia-China corridor
Australia is the biggest single country destination for Chinese direct investment. Yet, impressive as that may seem, Australia represented only 2.5 percent of China’s global investment spend over the past 6 years (equating to USD $38 billion).