China Is About To Unveil Their Next Five Year Plan: Here’s what you need to know
from The Corbett Report: Maybe you didn’t know that the Chinese Communist Party is convening the 5th plenary session of its 18th Central Committee this week. Perhaps you didn’t know that they’ll be deliberating on an economic development blueprint that has been prepared to steer the country’s centrally planned economy for the next five years. And it’s possible you didn’t know that this is the 13th such five year plan in the history of the Chinese Communist Party.
That’s right, as the Chinese propaganda video’s catchy, eye-popping, utterly vapid and content-less song advises us, “If you wanna know what China’s gonna do, you best pay attention to the 十三五 (shisanwu).” Naturally the video glosses over what the shisanwu even is (for the record it literally means “13/5” and is a reference to the 13th 5-year-plan), let alone how to pay attention to it. But at least it gets your toes tapping and makes you all warm and fuzzy for command and control economics administered at the barrel of a gun by a dictatorial communist government, hey? Yay authoritarianism!
For those who prefer a little more depth (and a lot more skepticism) of their government-run economic central planning schemes, here’s a run down of what you need to know to impress your friends around the water cooler tomorrow morning.
CONTINUE @ SOURCE
For those who prefer a little more depth (and a lot more skepticism) of their government-run economic central planning schemes, here’s a run down of what you need to know to impress your friends around the water cooler tomorrow morning.
CONTINUE @ SOURCE
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