The Great Firechat

#20 - The Five-Year Plan with Leon Du


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Today your co-hosts are joined by Leon Du, CEO of tech company Beansmile, to discuss the 14th 5 year plan and what it means for anyone looking to work in or with China. We all learn a lot about the history, the impact, and the mechanics behind one of China's major tools of government. We also learn a lot about what it means to be open, to be honest with yourself - and how to be a lovely human.


Tencent is clearly establishing itself as a world class technology company with $7.6 billion in profit for the quarter. Facebook reported $9.4B, Alibaba $1.6B (without fine).

  • https://www.scmp.com/tech/big-tech/article/3134177/tencent-posts-65-cent-rise-first-quarter-profit-amid-tightening


The full text of the 14th 5 year plan, in Chinese.

  • http://politics.people.com.cn/n1/2021/0313/c1001-32050444.html


Selected translations 

  • https://pekingnology.substack.com/p/select-translations-of-the-14th-fyp


A brief summary from the Chinese press, in English

  • https://news.cgtn.com/news/2020-11-07/What-is-China-s-14th-Five-Year-Plan-all-about--VdWpPn4CqI/index.html

 

 A piece from the New York Times

  • https://www.nytimes.com/2021/03/10/business/china-us-tech-rivalry.html


BONUS: Current ongoing US legislation which is clearly a pointed response to Beijing's 5-year plan

  • https://www.cnbc.com/2021/05/25/chip-shortage-democrats-gop-team-up-to-target-china.html


We'd also like to thank our wonderful guest, Leon Du, for sharing his time and his knowledge. His excellent company builds e-commerce tools and payment solutions to support the goal of "dual circulation". He can be found at http://beansmile.com.

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The Great FirechatBy Kevin and Adeh