The 14th Five-Year Plan: Sector Impact Outlook

2021 marks the start of China’s 14th Five-Year Plan (14th FYP). The 14th FYP is particularly noteworthy as it represents the first step towards the country’s second centennial goal.  It provides a comprehensive framework to understand how China’s society and economy will develop over the next five years.  KPMG China has conducted an in-depth assessment of the 14^th 5YP through a sector “lens”; the result is our Sector Impact Outlook report that summarizes the implications for ten sectors - banking, asset management, insurance, consumer markets, industrial manufacturing, auto, healthcare and life science, technology, real estate, and energy.