To better understand the key messages of the Fifth Plenary Session, which took place in Beijing at the end of October, the Chamber invited three renowned experts to share their thoughts with members at a webinar on 24 November. The speakers looked at the latest developments from the policy, economic and political perspectives.
Joe Fang, Research Director at the One Country Two Systems Research Institute, said information, transport and energy networks would be the major focuses of China’s infrastructure development.
Tse Kwok Leung, Policy and Economic Adviser at Bank of China (Hong Kong), emphasized that the “dual circulation” strategy would be the major driver for China’s future economic growth. This strategy would also help the nation deal with the economic impact of the U.S.-China trade dispute and the Covid-19 pandemic.
Regarding the possibility of social and economic instability, Johnny Lau Yui-siu, a well-known political commentator and China affairs analyst, said he believed that the Central Government had formulated strategies to cope with any such challenges that may arise.