Sharing his insights on China’s upcoming 15th Five-Year Plan, SMU Associate Professor of Finance Fu Fangjian opined that high-quality development oriented toward people’s well-being and quality of life means that China’s economy will no longer be measured solely by GDP growth rates. Commenting on the country’s economic challenges, he noted that China’s leadership remained broadly confident about the outlook, citing the rise of the Shanghai Composite Index from around 2,800 to 3,800 points over the past year as a sign that the most difficult phase had likely passed.
