Amid an extremely challenging global environment, Beijing is expected to release details of its 14th Five-Year Plan (2021 to 2025) in late October. The ongoing geopolitical uncertainty is likely to be a major concern, with tensions between China and the United States unresolved. Although the Mainland economy has returned to positive growth after containing the Covid-19 outbreak, the pandemic will continue to affect foreign investment and trade. In the light of this gloomy external macro environment and slower internal economic growth, China has unveiled a "Dual Circulation" strategy, with a new emphasis on the domestic market to drive development.
With more policies and strategies to be rolled out by the Central Government, the Chinese economy would undergo a significant evolution in the next year. The Chamber is delighted to have Le Xia, Chief Economist and Head of Research at the Digital Economic Research Center of PingAn Technology, to share his insights into the prospects for the Chinese economy in 2021 at a webinar to be held on 9 December.