As the traditional GDP-fuelled model’s marginal returns weaken, Beijing is addressing its constraints by shifting to investing in health and careers across education, employment, healthcare, social security, and other livelihood sectors.
Beijing recognises that a new global economic paradigm must take shape, with trade running both ways. ‘Expand international circulation’ is a priority under commerce in the 15th 5-year plan proposal.
Beijing is trying to square three aims at once. The first is grain security, maintaining control over core staples as land is shifted away from cash crops. The second is farm upgrading, bringing in tech and capital to build a more productive, higher-value food sector.
A remapping of global commodity flows driven by strategic security rather than price efficiency is underway. The PRC, the world’s biggest farm importer, is shifting away from old Western partners and toward a new nexus of suppliers in the Global South.