China's economy has transitioned from relying on heavy industry and exports to focusing on growing the services industry and consumption. The government's 13th Five Year Plan prioritizes addressing regional imbalance, establishing new approaches, and developing key regions like the Yangtze River Economic Belt. China is also pursuing new action plans like "Internet Plus" to integrate internet technologies, "Made in China 2025" to transform manufacturing, and the "Belt and Road Initiatives" to increase markets for exports.

1. China’s New Growth Engine
CUHK Business School
Greta Zhang

2. LOST IN THE
HAZE

3. LOST IN
THE HAZE
President Xi Visits Beijing’s Touristy Place.

4. THE OLD
NORMAL

5. Old
Economic
Normal
2000-2011
Double-digit GDP growth on average
Very high levels of investment in heavy industrial
sectors, which require large volumes of energy
Strong dependence on exports to external markets

6. CHINA’S
ECONOMIC
TRANSFORMATION

7. Speed
Change
Structural
Optimization
Engine
Shifting

8. NEW SPEED
An Era of Relatively Slower Growth

9. STRUCTURAL
OPTIMIZATION Services Industry

10. STRUCTURAL
OPTIMIZATION Consumption
Demand
Investment
Demand

11. Distribution of GDP across Economic Sectors 2004-2014

12. NEW
DRIVERS OF
GROWTH
ENTREPRENEURSHIP
INNOVATION

14. Economic development
itself is a process of
continuous technological
innovation and industrial
upgrading.
̶ Lin Yifu

15. CHINA’S
13TH
FIVE
YEAR
PLAN

16. CHINA’S
Development
Priorities
2016-2020
I. Focus on economic development at ALL
levels

17. CHINA’S
Development
Priorities
2016-2020
II. Address TWO weak links
The imbalance of
development between
regions
The imbalance of
development between
ethnic groups

18. CHINA’S
Development
Priorities
2016-2020
III. Establish THREE new stances
New Concepts
New
Approaches
New
Measures

19. CHINA’S
Development
Priorities
2016-2020
IV.Develop FOUR key regions
One Belt, One Road
Yangtze River
Economic Belt
Beijing-Tianjin-Hebei
Region
Northeast Region

20. CHINA’S
Development
Priorities
2016-2020
V.Follow FIVE principles of development
Innovation
Coordination
Greenness
Openness
Sharing

21. CHINA’S
Development
Priorities
2016-2020
VI.Implement 10 development strategies
Cyber expansion
strategy
Win-win open strategy
National big data
strategy
Talent development
strategy
Innovation-driven
development strategy
Strategy of prioritizing
the training of
competent personnel
Strategy of accelerated
FTZ development
Strategy of giving top
priority to employment
Food safety strategy Civil-military integration
strategy

22. NEW
ACTION
PLANS INTERNET
PLUS
MADE IN
CHINA
2025
BELT AND
ROAD

23. Internet
Plus China is pursuing an "Internet Plus" action
plan that seeks to drive economic growth by
integration of Internet technologies with
manufacturing and business

25. Made in
China 2025 "Made in China 2025" is the first 10-year
action plan designed to transform China
from a manufacturing giant into a world
manufacturing power.

27. Belt and
Road
Initiatives
The Silk Road Economic Belt and 21st
Century Maritime Silk Road were first
introduced to increase markets for
Chinese exports and outward direct
investment.

29. CHINA IN TRANSITION

30. China’s New Growth Engine
CUHK Business School
Greta Zhang