October 20, 2021

China unveils five-year blueprint to strengthen control of economy

China has five years of blueprints to strengthen regulatory control over strategically important sectors, including technology and healthcare, in Beijing’s latest push to claim the Chinese Communist Party’s dominance over the world’s second-largest economy. I announced the photo.

The Communist Party’s central committee and the state legislature, or cabinet, jointly released a high-level policy document late Wednesday. It expands government legislation and creates a modern regulatory environment to “meet people’s ever-increasing demands for a good life.”

The announcement of the plan followed a series of regulatory measures: Stunned investor With Chinese business Knocked tens of billions of dollars From some assessments of the country’s largest technology group.

Beijing appeared to be using the blueprint release as a bid to provide direction on its width and duration.

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