Insights

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On October 26th-29th, the Central Committee of the Communist Party of China convened to discuss China’s 14th Five Year Plan (2021-2025). The Five-Year Plan is China’s top-down policy roadmap, setting specific economic and social goals for the country for the next five years.

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Talks of decoupling and moving supply chains away from China have dominated headlines, particularly in light of the US-China trade tensions and Covid-19 pandemic. However, the reality is much more nuanced. Shifts in supply chains have been different across industries, with some sectors expanding production in China and others shifting parts of production to other Asian countries.