The Climate Group

The Climate Group

On 18th October, the Chinese Communist Party concluded its annual conference in Beijing, setting the tone for the upcoming 12th five-year plan.

Sustainability, balanced development, quality and rapid growth are listed among the major criteria of assessment of the country’s development in the coming decade. The plan will emphasize three key pillars that will drive a ‘clean revolution’ in China’s economic development over the next decade:

A restructure of China’s economy and industry
Scientific and technological progress and innovation
Establishing a resource-efficient and environmentally-friendly society
The plan is likely to include special support for key industrial sectors vital to establishing this modern industrial infrastructure including:

Increasing core competitiveness of Chinese industry
Improving and upgrading the country’s manufacturing infrastructure
incubating and cultivating the development of strategic new industries; speeding up development of service industries
Driving the construction of modern energy industry and integrated transport systems
Boosting the ICT sector across the board, and developing an ocean-based economic sector
Sustainable development is given particular emphasis in relation to coordinated regional economic development, stable urbanization, regional development strategy, regional function-based development strategy, improved urban planning etc. where environmental impacts, land use efficiency and other principles are highlighted for consideration.