What are the biggest business opportunities in China at present?

The "Eleventh Five-Year Plan" has an important turning point for China's future economic development, and will outline new ideas and ways for China's economic development during the "Eleventh Five-Year Plan". These "new" will lead to a series of policy changes, and the new orientation of these policies will bring good opportunities to related industries.

Judging from the contents of the Proposal of the Central Committee on Formulating the Eleventh Five-year Plan for National Economic and Social Development (hereinafter referred to as the Proposal) adopted by the Fifth Plenary Session of the 16th CPC Central Committee, during the Eleventh Five-year Plan period, China's development in five aspects, such as consumer market, industrial upgrading, independent innovation strategy, regional development and new rural construction, presented many new bright spots and contained new business opportunities.

The operation of "consumer carriage" contains new business opportunities.

The Proposal emphasizes the simultaneous improvement of economic growth and people's living standards, which means that after experiencing export-led and investment-led growth, China's economy began to pay attention to strengthening the "third carriage" of economic growth-the driving force of consumption during the Eleventh Five-Year Plan period, and began to take expanding domestic demand as the basic foothold and long-term strategic policy of economic development. Economic growth has gradually changed from mainly relying on investment and exports to two-wheel drive of consumption and investment, and domestic demand and external demand are simultaneously driven. Consumption is undoubtedly the most important driving force for China's economic growth in the future.

China consumer goods market will usher in a new round of comprehensive start. During the "Eleventh Five-Year Plan" period, China's income distribution system is facing a major turning point, and social distribution is inclined to low-and middle-income groups. The government will not only adjust the national fiscal expenditure structure from the macro policy, but also further narrow the gap between the rich and the poor from the tax reform. The increase of social welfare of low-and middle-income groups will significantly improve their consumption power, and the higher marginal consumption tendency of the poor will accelerate the recovery process of the consumer goods market. The explosive demand growth of basic consumer goods, the investment and consumption growth in rural areas in the central and western regions and the northeast, the various fashion demands of new consumer groups and the middle class, and the acceleration of medical care, education and pension reform will revitalize China's huge domestic consumption market. During the Eleventh Five-Year Plan period, China's consumption growth rate will be significantly improved on the existing basis, which will create China's most competitive and certain industrial development clusters.

Industries related to residents' consumption will get opportunities for rapid development. The renewal of residents' consumption concept and the rapid upgrading of consumption structure have promoted the rapid growth of tourism, high-end and high-tech consumer goods, information and international cultural consumption. In the next five years, housing, automobiles, education and tourism will become the focus of China residents' consumption expenditure.

The gradual recovery of the domestic consumer market will provide opportunities for two types of enterprises: first, shark enterprises continue to acquire and merge, improve industry concentration, and achieve "monopoly" in some basic consumer goods, channels, logistics networks and other markets; Second, Eagle enterprises avoid large-scale price wars and vicious competition with the help of brands and high-end routes, and obtain excess profits in some quality-sensitive consumer goods, luxury consumer goods and seasonal consumer goods.

With the gradual recovery of the domestic consumer market, the service industry is also facing huge development opportunities. In the process of economic development from east to west, consumption upgrading in large and medium-sized cities will evolve to service upgrading. At that time, in addition to consumer services (finance, medical facilities, hotel tourism, etc. ), producer services (finance, data, design, transportation and other production-related services) will also start quickly.

Industrial upgrading contains new business opportunities.

The proposal emphasizes that China's economy will gradually change from the traditional extensive growth mode with high consumption, high pollution and low efficiency to the intensive growth mode with low consumption, low emission and high efficiency, and take the road of circular economy based on effective utilization of resources and environmental protection. This means that the future industrial development of China will be resource-saving and environment-friendly. Pay more attention to structural adjustment and industrial upgrading, accelerate the development of low-energy and low-emission economy, and strictly limit the industrial development with high energy consumption, high water consumption, high pollution and waste of resources.

During the "Eleventh Five-Year Plan" period, in the new round of industrial restructuring and upgrading, the development orientation of new energy, environmental protection and equipment industries will change significantly, and the encouragement policy for comprehensive utilization of new energy and resources, environmental protection industry policy and equipment industry support policy will also be the most significant new trends of industrial policies in the new period. It can be predicted that new energy, environmental protection and equipment manufacturing may all become key industries supported by the state.

New energy: The proposal emphasizes the creation of a resource-saving society and an environment-friendly society, and takes the road of economic, clean and safe sustainable development. This will put energy conservation and new energy development on the agenda again. The increase in energy prices and the suppression of energy waste will provide opportunities for products and industries related to energy conservation, new energy, alternative energy and energy development. Investment in solar energy, nuclear energy, wind energy and other industries will be greatly accelerated, and the industrial prospects are worthy of attention.

Environmental protection industry: The environmental protection industry as a whole will face great development opportunities. Circular economy objectively requires saving resources and protecting the environment, so the price increase of various resources (water, heat, oil and gas) will be an inevitable trend, and the development of machinery and equipment with low energy consumption and low pollution (including personal consumer goods such as automobiles) faces better investment opportunities.

Equipment industry: the transformation of economic growth mode will put forward higher requirements for related equipment industries and new requirements for the development of special equipment industries. New equipment in the fields of energy conservation and environmental protection, infrastructure construction, national defense and military industry will have more preferential policies and development opportunities. Beneficial industries will also include power grid equipment and railway equipment; Clean and efficient power generation equipment, offshore oil engineering equipment, numerical control machine tools, new textile machinery and other fields.

Independent innovation strategy contains new business opportunities

The "Proposal" proposes that strengthening independent innovation ability should be regarded as the strategic basis of scientific and technological development and the central link of adjusting industrial structure and changing growth mode, and the original innovation ability, integrated innovation ability and introduction, digestion, absorption and re-innovation ability should be greatly improved. Establish a technological innovation system with enterprises as the main body, market as the guidance and Industry-University-Research as the combination, and form a basic institutional framework for independent innovation. Previously, independent innovation, as a national strategy, was first written into the communiqué of the the Central Committee of the Communist Party of China Plenary Session-the communiqué of the Fifth Plenary Session of the 16th CPC Central Committee. China's special emphasis on independent innovation means that independent innovation will rise from the concept to the operational level and be deployed and implemented as an important strategy for economic and social development. Independent innovation will become a new strategy for China to become a powerful country. China will set off a wave of independent innovation.

The proposal clearly points out that enterprises are the main body of the technological innovation system, and independent innovation activities of enterprises will become the focus of industrial policy support during the Eleventh Five-Year Plan period. In the future, enterprises will directly become the main body of R&D, changing the "old routine" that the government always allocates R&D funds to university research institutes.

At present, the problem of overcapacity in China is serious, in which 1/3 is the backward production capacity. It is urgent to transform traditional industries with information technology. Advantageous enterprises with technological innovation capability, advanced service industries with high knowledge and technology content, modern industries that participate in international competition and have technological comparative advantages in related fields, and innovative downstream industries with import substitution effect on equipment and parts may all become the key flows of future investment. Machinery and equipment industry, cement, electrolytic aluminum and other seemingly low-level redundant construction industries can also bring opportunities if some companies start to develop their own independent innovation capabilities or new technologies. In addition, there is great room for innovation and progress in the fields of medicine, electronics and IT, and key investments with strategic and economic significance deserve attention.

Regional development means new business opportunities.

The Plan proposes to coordinate regional planning, urban planning and land use planning. Clarify the functional orientation of different regions, formulate corresponding policies and evaluation indicators, and gradually form a distinctive regional development pattern. For the first time, China put regional planning and economic zone development in a prominent and important position, which means that after 26 years of local government-led economic model development, market-led regional economic development will take substantial steps, and China will truly move from provincial economy to regional economic development stage. Regional economic integration will become one of the pillar forces to promote China's new round of reform and opening up.

Regional planning is a binding spatial planning for areas with close economic ties across administrative regions. By coordinating regional economic development, we can break the administrative blockade and clear the obstacles for the final formation of regional unified market and even national unified market. This will create opportunities for cross-regional expansion and development of industries.

During the "Eleventh Five-Year Plan" period, there will be three new key regional developments worthy of attention:

First, Tianjin Binhai New Area. The "Proposal" proposes to "promote the development and opening up of areas with good conditions such as Tianjin Binhai New Area and promote regional economic development". This means that the development and opening up of Tianjin Binhai New Area has been incorporated into the overall layout of national development. Tianjin Binhai New Area will become Tianjin's biggest economic growth point and a powerful engine to promote regional economic development, showing great potential and broad development space.

The second is the west side of the strait. The "Proposal" proposes to "support the economic development on the west side of the Taiwan Strait and other areas where Taiwanese investment is relatively concentrated". "West Coast of the Straits" was written into the proposal, which is also the first time that "West Coast of the Straits" was written into the central document, becoming a highlight of the proposal. This means that Fujian, located on the west side of the Taiwan Strait, has greatly improved its position in the overall situation. Supporting the development of the west side of the Taiwan Strait provides Fujian with new development opportunities and platforms, which is conducive to promoting cross-strait economic and technological exchanges and cooperation.

The third is Chengdu-Chongqing area. According to Ma Kai, director of the National Development and Reform Commission, in mid-September, in the 11th Five-Year Plan, the Yangtze River Delta, Beijing-Tianjin-Hebei, Chengdu-Chongqing and the old industrial bases in Northeast China will be the key targets of regional planning. The inclusion of Chengdu-Chongqing area in the 11th Five-Year Plan is obviously an important step to speed up the development of the western region and coordinate regional development. Chengdu-Chongqing area will get good development opportunities from this.

New rural construction contains new business opportunities.

The proposal puts forward that building a new socialist countryside is an important historical task in the process of China's modernization. It means that China's rural construction began to implement the household contract responsibility system at the end of 1970s. In 2003, the rural tax and fee reform ushered in the third major adjustment since the reform and opening up, and the new socialist countryside became the direction of China's rural construction in the new era.

Compared with the past one-way policy, the new rural construction is a systematic and comprehensive policy. The connotation of new countryside itself contains new business opportunities. The connotation of the new countryside includes at least five aspects, namely, new houses, new facilities, new environment, new farmers and new fashions. Among them, "new facilities" refers to improving infrastructure, including roads, water and electricity, broadcasting, communications and telecommunications.

To build a new socialist countryside, it is expected that the state will take more new measures to further increase its support for agriculture, such as solving agricultural problems through "external forces" such as financial subsidies and urban support. Companies with a high degree of agricultural industrialization may have opportunities for rapid development, which is worth looking forward to. In addition, paying attention to solving the core problem of farmers' income, by vigorously supporting rural development and increasing farmers' income, farmers' income may maintain rapid growth, and the rural consumer market is expected to become a new growth bright spot. This is of great benefit to the release of excess capacity in some industrial sectors, and also provides an opportunity and starting point for the transformation to a consumption-oriented economic growth mode.

China put forward that "industry feeds back agriculture and cities support rural areas", which indicates the two leading directions of China's industrial development in the future: first, infrastructure investment mainly in the central and western regions, northeast China and rural areas will become the key targets of state financial support; Secondly, the problems of agriculture, rural areas and farmers are crucial to the whole economic situation, which means that the manufacturing industrial clusters related to agriculture and the basic consumer industrial clusters related to farmers' income will probably get faster development opportunities during the Eleventh Five-Year Plan period.