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No five-year plan will solve the paradox of China’s economy

First published: The Times 16 February 2026

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China’s New Year public holiday, which starts this week, is a joyous time for businesses, but it doesn’t really tell us much about either the structural drags in much of the economy, or China’s impressive industrial sector. The government will have much to say on these things next month when the 15th Five Year Plan will be revealed.

The drags and the dynamism are closely linked. Read on….https://www.thetimes.com/business/economics/article/no-five-year-plan-will-solve-the-paradox-of-chinas-economy-wqlrmwjcs?gaa_at=eafs&gaa_n=AWEtsqcfxfS2JuETJ8Wd5tSBgxd9qgqPv6lICoXs4_eFO47R_v5KEIWYbyx0pGbBy08%3D&gaa_ts=699b498c&gaa_sig=bI64lsiqWrxuF5MrpdOdYAQv6_xJiQwJqe4ISMjm7Zbqo9gAYNKmNNC4TEFuAc54kPxjlmjNe_bqdRTmawHJ0w%3D%3D