A focus on Asia
China remains the largest and most important economy within Asia and this year sees the end of the 13th 5-year plan. Next year will see the start of the 14th 5-year plan and the leadership in China have been working on this and over the next few months some information will emerge, although a similar emphasis to the last Plan is expected. The last 2 or 3 Five Year Plans have had more focus on quality of growth than quantity of growth, demonstrated by the fact there has been less buoyancy in commodity markets since 2013. China is no longer growing exponentially and there is a greater focus on consumption than investment.