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Juha Lassila

China's 12th Five Year Plan: A Preliminary Look, Part II : China Law Blog : China Law f... - 0 views

  • key targets of the draft
  • Increased domestic consumption
  • Minimum wage standard to increase by no less than 13 percent on average each year
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  • CCTV said there will be a cut back on rail and road investment over the next 10 years in comparison to the previous 10 (doesn't take a rocket science to know that most of the R&D budget was spent during the previous 10 years)
Juha Lassila

China's 12th Five Year Plan: A Preliminary Look : China Law Blog : China Law for Business - 0 views

  • Resource constraints: energy and raw materials. Mismatch in investment and imbalance in consumption. Income disparity. Weakness in capacity for domestic innovation. Production structure is not rational: too much heavy industry, not enough service. Agriculture foundation is thin and weak. Urban/rural development is not coordinated. Employment system is imbalanced. Social contradictions are progressively more apparent. Obstacles to scientific development continue to exist and are difficult to remove.
  • Most planners are pushing for tripling of the average wage for factory workers during this 5 year plan
Juha Lassila

China's 12th Five-Year Plan for National Economic and Social Development provides a gli... - 0 views

  • establishes industrial goals
  • dentifies key growth industries
  • nine key industries:
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  • equipment manufacturing; shipbuilding; automobiles; iron and steel; non-ferrous metals; building materials; petroleum and chemicals; light industry; and textiles
  • seven strategic industries:
  • energy-efficiency and environmental protection; new-generation information technology; biology; high-end equipment manufacturing; renewable energy; new materials; and new-energy cars. The Plan aims to improve Chinese companies' competitiveness in the world market.
  • Companies active in the industries identified for special treatment by Chinese central planning should be aware that the Plan may result in increased subsidization by the Chinese government in these areas, affecting trade flows and product competitiveness.
Juha Lassila

China's 12th Five Year Plan: The Coming Storm On Wages : China Law Blog : China Law for... - 0 views

  • People are serious talking about 15-20% rises for the next five years,
  • Andy Xie, ex-Morgan Stanley economist, wrote an excellent essay some months ago predicting a 400% increase in unskilled / semi-skilled Chinese worker wages over the next 10 years.
  • The Chinese Govt, Labour Bureaus and Unions will no longer have the same passive role in facilitating low wages or suppressing workers demands
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  • 3-5% annual wage increases will be unacceptable
  • opportunities for developing incredible and highly profitable consumer businesses will explode
  • extraordinary growth in premium consumer businesses
  • much larger, more brutal and dynamic mass consumer markets
  • distribution of that wealth is unfair and unhealthy.
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