China’s New National Economic Plan Seeks Innovation

China’s robust economy has lost some of its pace this third quarter, dipping below state-mandated expectations for the first time since 2009. Chinese President Xi Jinping spoke about the country’s five-year economic plan, citing technological breakthroughs and innovation as key targets. The long-term plan could spur the economy, even temporarily. The President’s words may be all smoke and no fire in an attempt to invigorate the stagnating economy.  It does unmistakably make for headlines. Innovation. That’s what Chinese President Xi Jinping is going for. Setting a marker for 2030, the …