The 14th Five-Year Plan: Sector Impact Outlook

The 14th Five-Year plan : Sector Impact Outlook KPMG ChinaFebruary 2021 KPMG Advisory (China) Limited, a limited liability company in China and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited , a private English company limited by guarantee. All rightsreserved. China s new development path under the 14th FYP2021 sees the start of China s 14th Five-Year plan ( 14th FYP), particularly noteworthy as it charts the first five years of China's new journey towards fully building a modern socialist country and achieving its second centennial goals. These five years also constitute a critical period of strategic opportunities for China to explore and experiment with new models of development amid significant changes inside and outside the for the Two CentennialsSource:Governmentreports,KPMG analysis1921194920252035 Goals for the Second Centennial2049 Goals for the First CentennialFinal year of the 14th FYPR ealisation of socialist modernisationAchieved goals in terms of a strong, modern, culturally advanced and socialist societyFounding of the Communist Party of ChinaCompletion of building a moderately prosperous society Founding of the People s Republic of ChinaIn October 2020, the fifth plenary session of the 19th Central Committee of the Communist Party of China passed the Recommendations for the Formulation of the 14th Five-Year plan (2021-2025)

A large market in lower -tier cities and rural areas. Local services such as community group shopping will . 04. usher in more opportunities. Key trends. Distribution of interest in Chinese local brands by age group. Source: Baidu, people.cn, KPMG analysis. 0. 10. 20. 30. 40. 50. 60. 70. 80. ≥50. 40-49. 30-39. 20-29. ≤19. Age Groups. Level ...

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