China unveils economic blueprint for 2016 – People’s Daily Online

English: Logo of the People's Daily 中文: 人民日报题字

English: Logo of the People’s Daily 中文: 人民日报题字 (Photo credit: Wikipedia)

The People’s Daily reports President Xi Jinping saying the country’s emphasis next year will be on supply-side reform, or a package of supply-side policies to release new demand and boost new productivity.

Source: China unveils economic blueprint for 2016 – People’s Daily Online

With the 13th Five-Year Plan (2016-20) about to be launched on Monday, expect world focus to look at China’s growth prospects with intense scrutiny. Pessimists will focus on the risks of a hard-landing.

Personally, I’m optimistic about China and I think that supply-side reforms will be seen positively by world financial markets.

Thoughts?

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