China’s Online Financial Sector Comes of Age

Last month, China’s leaders revealed details of the 13th Five-Year Plan, which will guide the economy’s trajectory until 2020. Gone are the directives to expand industrial production at a breakneck pace that characterized previous five-year plans. Now, the focus is on achieving sustainable long-term growth, underpinned by domestic consumption, a stronger services sector, entrepreneurship, and innovation.

Liu Mingkang BCT Distinguished Research Fellow, Chinese University of Hong Kong via CHINA US Focus http://ift.tt/1YJtn79