China's Growth Opportunities and Offshore Investing
Five-Year Plans
China's GDP per capita vs. Five Year Plans (FYP)
Nominal, U.S. dollars
$18,000
! 12th FYP:
$16,000
$14,000
$12,000
$10,000
$8,000
10th FYP:
$6,000
$4,000
7% GDP growth
Boost international
competitiveness
Balance external
position
Quantitative targets
||
Rebalance to
consumption from
investment
Shift coastal cities
from manufacturing
to R&D and
services
Expand highways
and highspeed
railways
11th FYP:
-
7.5% annual GDP
growth
I
Increase services'
Prudent monetary
|
share in GDP and
1
policy and curb
employment
housing prices
Create 45mn jobs
! 13th FYP:
|
Innovation
Environment
Supranational
Reform one-child
policy
New urbanization
Forecast*
14th FYP:
Expand domestic
demand while
keeping
development of
external sectors
Improve self-
sufficiency of key
technologies and
products
Promote common
prosperity
Environmental
protection
*
$2,000
$0
'00 '01
'02 '03 '04 '05 '06 '07 '08 '09 '10 '11
'12 '13 '14 '15 '16 '17 '18 '19 '20 '21
'22 23 24 25
Source: CEIC, IMF-World Economic Outlook, J.P. Morgan Asset Management.
Forecasts, Projections and other forward-looking statements are based upon current beliefs and expectations, They are for illustrative purposes only and serve as an indication what may occur. Given the inherent uncertainties and risks associated
with forecast, projections or other forward statements, actual events, results or performance may differ materially from those reflected or contemplated. *Nominal GDP per capita forecast from the IMF.
*View entire presentation