Piano quinquennale cinese interessante:
the five-year plan will provide strong policy support for modern agriculture,
manufacturing upgrade, culture and other services industries. Specifically, the
press release mentioned the following:
1) Accelerating modern agriculture (which we think will include large-scale
farming and organic foods);
2) Promoting manufacturing upgrade (which bodes well for machinery,
equipment and new energy sectors);
3) Accelerating the growth of the services industries (which include culture,
entertainment, IT, modern logistics, travel, sports, elderly care, and
domestic services, among others);
4) Establishing “culture” as a pillar industry. Interestingly, this is the only
“pillar” industry mentioned in the press release.