2021 is a year of special significance. It is not only the year of the establishment of a moderately prosperous society and the 100th anniversary of the founding of the Communist Party of China, but also the first year of the 14th Five-Year Plan (the 14th FYP). On April 2021, KPMG China released The 14th Five-Year Plan: Macro Trends and Opportunities, in which we interpret the macro trends in China's economic development that are expected to see in the next 5-15 years and look ahead to various market changes and development opportunities.

In January, KPMG China released The 14th Five-Year Plan: Sector Impact Outlook, the first instalment of a two-part series that focuses on the 14th FYP. This report, the second instalment in the series, provides macro insights into the 12 most significant economic development trends expected in China over the next 5 to 15 years