Commenting on China’s economic growth, SMU Associate Professor of Finance Fu Fangjian said that the Fourth Plenary Session of the 19th Central Committee focuses on long-term planning, with China’s next five-year goal centred on economic transformation and high-quality growth, particularly in high-tech industries. He added that Beijing’s tougher trade stance toward the US reflects confidence in current macroeconomic trends and an expectation that Trump may eventually back down.
