Nick Hedley | China’s 5-year plans: A lesson for rudderless SA

The government can either reduce its hold on the economy and let the private sector take the reins, or it can get back to the drawing board and give everyone in the country something clear to get behind, writes Nick Hedley. 

China's economic boom over the past few decades is often described as a "miracle"- it's not.

The country has just been working through a series of five-year plans, each with clear targets and practical steps to achieve them.