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6 White Paper on the Business Environment in China
The current administration’s pronouncements on supply- Works Cited
side reform policies seems to dovetail neatly with the 13th
Five Year Plan (2016-2020)–the first to be generated under 1 Chen Jia. “President Xi Spells Out Supply-Side Reform
President Xi Jinping–which, reported the Wall Street Journal, Bid.” China Daily. December 22, 2015. http://m.chinadaily.
was approved by the Communist Party leadership at the com.cn/en/2015-12/22/content_22769800.htm
conclusion of the Fifth Plenum in October 2015. 5
2 Peter Ferrara. “Reaganomics Vs. Obamanomics: Facts and
In a communiqué issued after the Fifth Plenum, Xinhua Figures.” Forbes. May 5, 2011. http://www.forbes.com/sites/
reports that the Plan targets “maintaining a medium-high speed peterferrara/2011/05/05/reaganomics-vs-obamanomics-facts-
of growth,” aiming to double its 2010 GDP and per capita and-figures/
income by 2020. In order to do this, China must maintain an
annual growth of at least “6.5 percent from 2016 to 2020”, 3 “Reagan’s Chinese Echo.” The Economist. January 2, 2016.
Xinhua quoted President Xi in a statement. The communiqué http://www.economist.com/news/china/21684804-mystery-
stated that China will “promote clean industrial production, xi-jinpings-supply-side-strategy-reagans-chinese-echo
low-carbon development and energy conservation to ensure
sustainable growth” in the next five years. China will “accelerate 4 “Backgrounder: What Is China’s Supply-Side Reform?”
its opening-up of the capital market, and further opening-up of Xinhua. December 22, 2015. http://news.xinhuanet.com/en-
the service sector, including banking, insurance, securities and glish/2015-12/22/c_134941783.htm
nursing homes, to foreign investment,” the communique said.
In addition, it will continue to “promote the ‘Belt and Road’ 5 Mark Magnier. “China’s Communist Party Approves Five-
initiative through cooperation with countries and regions along Year Plan.” Wall Street Journal. October 29, 2015. http://www.
the routes, and participate in global industrial and equipment wsj.com/articles/chinas-communist-party-approves-five-year-
manufacturing cooperation. ” President Xi declared, Xinhua plan-1446124597
reports, that the Plan’s focus is for China “to seek growth
through economic transformation, optimizing industrial 6 “Spotlight: China’s Five-Year Plan Offers Model of Sustainable,
structure, improving the environment and enhancing quality Balanced Development.” Xinhua. November 9, 2015. http://news.
and efficiency.” 6 xinhuanet.com/english/2015-11/09/c_134797917.htm
18
The current administration’s pronouncements on supply- Works Cited
side reform policies seems to dovetail neatly with the 13th
Five Year Plan (2016-2020)–the first to be generated under 1 Chen Jia. “President Xi Spells Out Supply-Side Reform
President Xi Jinping–which, reported the Wall Street Journal, Bid.” China Daily. December 22, 2015. http://m.chinadaily.
was approved by the Communist Party leadership at the com.cn/en/2015-12/22/content_22769800.htm
conclusion of the Fifth Plenum in October 2015. 5
2 Peter Ferrara. “Reaganomics Vs. Obamanomics: Facts and
In a communiqué issued after the Fifth Plenum, Xinhua Figures.” Forbes. May 5, 2011. http://www.forbes.com/sites/
reports that the Plan targets “maintaining a medium-high speed peterferrara/2011/05/05/reaganomics-vs-obamanomics-facts-
of growth,” aiming to double its 2010 GDP and per capita and-figures/
income by 2020. In order to do this, China must maintain an
annual growth of at least “6.5 percent from 2016 to 2020”, 3 “Reagan’s Chinese Echo.” The Economist. January 2, 2016.
Xinhua quoted President Xi in a statement. The communiqué http://www.economist.com/news/china/21684804-mystery-
stated that China will “promote clean industrial production, xi-jinpings-supply-side-strategy-reagans-chinese-echo
low-carbon development and energy conservation to ensure
sustainable growth” in the next five years. China will “accelerate 4 “Backgrounder: What Is China’s Supply-Side Reform?”
its opening-up of the capital market, and further opening-up of Xinhua. December 22, 2015. http://news.xinhuanet.com/en-
the service sector, including banking, insurance, securities and glish/2015-12/22/c_134941783.htm
nursing homes, to foreign investment,” the communique said.
In addition, it will continue to “promote the ‘Belt and Road’ 5 Mark Magnier. “China’s Communist Party Approves Five-
initiative through cooperation with countries and regions along Year Plan.” Wall Street Journal. October 29, 2015. http://www.
the routes, and participate in global industrial and equipment wsj.com/articles/chinas-communist-party-approves-five-year-
manufacturing cooperation. ” President Xi declared, Xinhua plan-1446124597
reports, that the Plan’s focus is for China “to seek growth
through economic transformation, optimizing industrial 6 “Spotlight: China’s Five-Year Plan Offers Model of Sustainable,
structure, improving the environment and enhancing quality Balanced Development.” Xinhua. November 9, 2015. http://news.
and efficiency.” 6 xinhuanet.com/english/2015-11/09/c_134797917.htm
18
