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Benedicte Gravrand, Opalesque Europe:
According to a fund of hedge funds house, the five-year economic plan discussed in China last month can point to many opportunities for the attentive investor, who can benefit from investing actively in the sectors that will be affected by the forthcoming reforms.
China plans to rebalance the economy with policies which will be implemented from 2011 to 2015
From the 15th to the 18th of October, China's 12th Five-Year Plan proposal was discussed and endorsed in the Fifth Plenary Session of the 17th CPC Central Committee (excuse the numerous ordinal numbers).
The first Five-Year Plan took place between 1953 and1957 said China Daily. "After 40 to 50 years, that is, by the beginning of the new century, China will have undergone great changes and become a powerful socialist industrial nation, making larger contributions to humankind," former Chairman Mao Zedong reportedly predicted at that time.
According to a recent report authored by Martin Goulet, senior analyst at the Singapore offices of Caliburn Capital Partners, a FoHFs firm head-quartered in London, this plan, even if it won’t be published before March next year, contains broad proposals that can be used as a guideline of what policy to expect.
The issues the Five-Year Plan mainly addres...................... To view our full article Click here
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