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The National People’s Congress (NPC) of the People’s Republic of China recently approved its 15th five-year plan (15FYP) for 2026-2030. If there were to be one key phrase of the new plan, it would be ‘high quality development’, which is important if China seeks to avoid the middle-income trap, increase domestic consumption, and battle supply chain issues.
This plan combines continuity with previous plans and a shift towards new ideas in response to China’s economic slowdown. The continuity lies largely in its energy strategy, which emphasises green development at h...
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