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Hoocoodanode:
Apart from above listed targets for 2016, the Premier also gave some targets for the 13th five-year (2016~2020) plan. However, these targets break down to lower annual rates of urbanisation and infrastructure development than over the previous five year plan, which, from the perspective of metals demand, is a disappointment. The main numbers are as follow:
Annual GDP growth rate to be maintained at above 6.5% (compared with 7.8%pa in 2011~2015).
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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