Earlier in March, events of the US-China summit in Anchorage, Alaska, eclipsed the less-publicised – but more important – publication of China’s fourteenth five-year development plan 2021-2025.  From a business and economics perspective, growing tensions between the world’s two largest economies form a major backdrop to any analysis of global development in the decades to come. These tensions are the direct corollary of the strategic development directions being taken by Beijing and Washington, not an exogenous shock that should be viewed as a simple confrontation between the superpowers jostling for hegemonic dominance.  With these considerations in mind, let us first look…

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