Exploring the Impacts of the Fourteenth Five-Year Plan and Investments in Artificial Intelligence Technology on the Economic Growth of China

초록

The purpose of this research report has been to explore the current and also the potential impacts, which the components and the policies under the Fourteenth Five-Year Plan have had on the economic growth of China. The emphasis will be on both current and potential impacts, given that the tenure of this five-year plan is from 2021 to 2025. On the other hand, there have also been substantial investments in innovations like Artificial Intelligence in the concerned country, as a part of the current growth policies, and the report has also tried to analyze the impacts of these investments on the economic growth of China. The Fourteenth Five-Year Plan has been developed and implemented in China from 2021, with the primary intention of revival of the country’s economy from the COVID-19 pandemic shocks and the adverse impacts of the US-China Trade War, and bringing the country on the path of sustained growth fuelled by technological innovations, expansion of healthcare and also sustainable practices in different aspects of the lives of its population. The findings of the study show positive and significant impacts of AI-related investments and export-related growth strategy, under the ongoing five-year plan on the economic growth of China. The forecasted government expenditure during the rest of the tenure of this Fourteenth Five-Year Plan is also expected to significantly benefit the economic growth in terms of GDP growth in the concerned country. Based on the analysis, relevant and targeted recommendations for more effective policy development in this domain have also been developed in this research article.

키워드