The China communist government just approved their new 12'th Five-Year Plan (below).
From what I have read, their government intends to give RMB 14 trillion ($2.1 trillion, at the offical, bogus exchange rate) to public and private sector industries to facilitate this plan.
Meanwhile, our government burns this amount every year doing no-one knows what with it and accumulating to the debt.
I worry the Chinese will succeed at there plan again and pull further ahead of us in critical technology and manufacturing areas (their last 5 yr plan largely met their goals).
Sorry for the long post below, I thought its breadth was interesting. I like their innovation goals
The entire plan at this LinkEconomic targets
-- GDP to grow by 7 percent annually on average;
-- More than 45 million jobs to be created in urban areas;
-- Urban registered unemployment to be kept no higher than 5 percent;
-- Prices to be kept generally stable.
-- Rise in domestic consumption;
-- Breakthrough in emerging strategic industries;
-- Service sector value-added output to account for 47 percent of GDP, up 4 percentage points;
-- Urbanization rate to reach 51.5 percent, up 4 percentage points