China’s transformation and integration with the world economy: Opportunities for Chinese and foreign businesses
Opportunities for Chinese and foreign businesses
Second report of the 13th Five-Year Plan report series
China’s 13th Five-Year Plan (FYP) has the potential to usher in a golden age of inbound and outbound investment activity through the implementation of an ambitious and comprehensive programme of reforms, presenting important new investment opportunities for Chinese and foreign businesses.
This report identifies potential investment opportunities under seven key development priorities in the 13th FYP period: developing an innovative economic structure and accelerating industrial upgrading; promoting industrial transformation; establishing a new model of coordinated regional development; advancing green development and putting ‘ecology first’; building a more inclusive society and improving quality of life; increasing openness and global integration; and deepening market-oriented reforms through progressive implementation of institutional reforms.
The report also highlights that supply-side structural reform is a key focus area in the 13th FYP. It has three major goals, all of which also hint at significant opportunity for investment: promoting the upgrading of industrial structures; strengthening market-oriented reforms in key sectors of the economy; and meeting the five targets of reducing industrial capacity, inventory, financial leverage and costs, and correcting structural shortcomings.
We hope this report will be a valuable resource for Chinese and foreign companies – global companies, niche players and emerging disruptors alike – to find ways in which they can share in the dividend generated by China’s growth, while making their own contribution to the economy’s transformation.
© 2023 KPMG, a group of Bermuda limited liability companies and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.