Strong, sustainable and inclusive growth in a new era for China – Paper 2: valuing and investing in physical, human, natural and social capital in the 14th Plan

China is entering a new phase of growth. This paper examines the role of investment in physical, human, natural and social capital in this new phase. The second in a series, it provides the beginnings of an analytical framework for key elements of this new growth story, examining how a focus on the four types of capital can help deliver prosperity through China’s 14th Five-Year Plan (2021–2025) and Belt and Road Initiative.

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