china’s five-year plan

chinese factory

China Could Face Social Unrest

Many respected analysts believe that GDP growth will be closer to 5% than the 6.5% announced by the Chinese authorities in their latest five-year plan. As a result of this, these analysts expect a rise in social unrest. And the Chinese government’s goal of reducing industrial overcapacity by firing 5-6 million employees in so-called “zombie companies” over the next 2-3 years will serve to heighten tensions.