The "14th Five-Year Plan" plans new business opportunities! KPMG: Top ten industries affected by the “14th Five-Year Plan”

2021 is the first year of the “14th Five-Year Plan”. The "14th Five-Year Plan" is the first five years that our country will move towards completing the second centenary goal after achieving the first and centenary goal. It is of special significance. Let us take a look at the impact of the "14th Five-Year Plan" on the following ten major goals: The impact of the industry and its development prospects and opportunities.

Deepening the reform and opening up of the financial industry is an important part of the "14th Five-Year Plan". The "Recommendations" mention "finance" 16 times and make several arrangements for work in the financial field. Our country’s financial system is still dominated by banks. In addition to continuing to actively and steadily promote the market-oriented reform of interest rates and improving the efficiency of resource allocation in the financial system, the “Recommendations” clearly propose “deepening the reform of state-owned commercial banks and supporting small and medium-sized banks and rural credit cooperatives to continue to Healthy development, reform and optimization of policy finance.” We believe that better supporting and serving the real economy, developing digital currency and strengthening financial supervision will become the main themes of the development of the banking industry during the "14th Five-Year Plan" period.

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The new development pattern of "dual circulation" means opening up all aspects of domestic production, distribution, circulation, consumption, etc., and puts forward the requirements for independent innovation and industrial upgrading. new requirements. Industrial upgrading requires a matching multi-level investment and financing system. Deepening the reform and opening up of the capital market and optimizing the financing structure of enterprises will become important directions for the development of the capital market during the 14th Five-Year Plan period.

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"Insurance" is mentioned *** 15 times in the "Recommendations", including long-term care insurance, commercial medical insurance, agricultural insurance, catastrophe insurance, Critical illness medical insurance, basic medical insurance, basic pension insurance, unemployment insurance, work-related injury insurance, deposit insurance, social insurance company service platform, multi-pillar pension insurance system, etc. These will undoubtedly become important focus points for the next transformation of the insurance industry to high-quality development and improve the level of serving society, people's livelihood and economic development.

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In the post-epidemic era, China's consumer market has shown a trend of continued recovery. China's economic recovery after the epidemic is mainly driven by manufacturing production, investment, and exports. As China's economy continues to recover, the recovery of consumption and service industries will play a greater role. The "Recommendations" clearly stated the need to "comprehensively promote consumption" and made specific arrangements on how to achieve this goal. It is expected that the consumption and retail markets will develop rapidly during the "14th Five-Year Plan" period and become the cornerstone of China's economic development.

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During the “Thirteenth Five-Year Plan” period, China has eliminated and optimized some backward production capacities and industries by promoting supply-side structural reforms, and its production capacity utilization rate has rebounded significantly. From the low of 73.1 in the second quarter of 2016, it has gradually risen to the range of 76.5 to 78. Regarding the future development of the manufacturing industry, the "Recommendations" propose to "improve the modernization level of the industrial chain and supply chain. Keep the proportion of the manufacturing industry basically stable." It can be predicted that during the "14th Five-Year Plan" period, manufacturing powerhouses will still be the main line. On this basis Give full play to the innovative effects and industrial connections of the manufacturing industry to drive high-quality economic development. Driven by new infrastructure represented by 5G, industrial Internet, big data centers, etc., the manufacturing industry will surely usher in a new round of transformation and upgrading.

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The automobile industry occupies an important position in economic and social development. In terms of industrial manufacturing, the added value of the automobile manufacturing industry accounts for about 7% of the added value of the entire industry. Moreover, the automobile industry chain is long, covers a wide area, and has many related industries, which has a very obvious driving effect on industrial growth. In terms of the consumer market, automobile consumption accounts for nearly 30% of the total retail sales of consumer goods by enterprises above designated size, making a huge contribution to social consumer retail.

The "14th Five-Year Plan" stage is a critical period for China's automobile industry to realize industrial transformation and upgrading: the popularity and maturity of China's automobile consumption have increased significantly; the demand for new energy vehicles and shared travel has gradually been recognized by the market and gained wider consumption foundation; emerging technologies such as autonomous driving are also accelerating the pace of commercial application, and the automotive industry must seize the strategic opportunity period in the next five years. In the future, the "new four modernizations" of automobiles, with electrification, intelligence, networking, and sharing as trends, will reshape the pattern of the automobile industry.

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The global outbreak of the new coronavirus epidemic has made the medical and life sciences industry the focus of attention from all walks of life. People’s early warning and prevention of infectious diseases, vaccine research and development, medical equipment, and the Internet The emphasis on medical care and so on has also been raised to a new level. The "Recommendations" are also very rich in content about the medical and life sciences industry, covering medical insurance coordination and reimbursement, hierarchical diagnosis and treatment, social medical services, telemedicine, traditional Chinese medicine, chronic disease management and other fields. The development prospects of the medical and life sciences industry broad.

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The "Recommendations" list "adhering to innovation-driven development and comprehensively shaping new advantages for development" as the primary task of social development. For the first time, scientific and technological innovation is included in the five-year plan. into a separate chapter. The "Recommendations" propose that we should adhere to the core position of innovation in the overall situation of my country's modernization construction, regard scientific and technological self-reliance and self-reliance as a strategic support for national development, and implement it in depth towards the world's technological frontiers, towards the main economic battlefield, towards the country's major needs, and towards people's lives and health. The strategy of rejuvenating the country through science and education, the strategy of strengthening the country through talent, and the strategy of innovation-driven development will improve the national innovation system and accelerate the construction of a strong country through science and technology.

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The real estate industry contained in the "Recommendations" is very rich. First of all, it continues the previous tone of "housing is for living, not for speculation, and policies are implemented according to the city", and in On this basis, some new policy directions were put forward, such as "promoting the balanced development of finance, real estate and the real economy", "promoting the healthy development of housing consumption", "accelerating the development of property and other service industries", and also "optimizing the spatial layout of land". , Promoting coordinated regional development and new urbanization" was elaborated.

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The "14th Five-Year Plan" attaches great importance to the development of new energy. The key points of new energy planning in the "Recommendations" respectively mention the strengthening of new energy, new energy vehicles, etc. The development of strategic emerging industries, accelerating the promotion of green and low-carbon development, promoting clean, low-carbon, safe and efficient use of energy, supporting qualified places to take the lead in reaching the peak of carbon emissions, and formulating an action plan for peaking carbon emissions before 2030, etc.

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