Heiko Khoo — China's modern planning system

The 12th Five-Year Plan comes to a close this year and the 13th Five-Year Plan is being elaborated, so it is worth looking at how China's planning system functions so we can better understand the forces driving China's economy....

Professor Hu describes modern planning as a system of public affairs governance. The planning system is visible to market players and therefore it also assists private sector entities to be more responsive to state planning priorities. The process has become more democratic, scientific and institutionalized. Hu explains that under China's modern planning system "the performance of governance is far higher not only than in the period of the planned economy, but also higher than in the mature market economies of Western countries."

China's planning facing off against with neoliberalism's "spontaneous" order that blesses the top.

China.org.cn
China's modern planning system
Heiko Khoo