China's economic planner has set sights on strengthening the domestic market as a primary engine of growth for the next five years. Zheng Shanjie, head of the National Development and Reform Commission (NDRC), laid out a roadmap to boost internal demand and build a unified national market under the 15th Five-Year Plan.
Speaking after the fourth plenary session of the 20th CPC Central Committee, Zheng highlighted the need to deepen market integration across regions, remove trade barriers, and harness digital platforms to connect producers and consumers. "A solid domestic base will not only insulate the economy from external shocks but also unleash new waves of innovation," he said.
Key pillars of the strategy include:
- Expanding consumer access: improving rural logistics and e-commerce infrastructure to tap into under-served markets.
- Strengthening supply chains: encouraging tech-driven manufacturing and green industries to boost resilience.
- Market unification: harmonizing regulations and standards to create a level playing field nationwide.
For young entrepreneurs and tech enthusiasts, these measures signal fresh opportunities in emerging sectors, from digital services to sustainable travel. Global citizens and changemakers will watch how China's pivot shapes consumption patterns and policy models worldwide.
As the Chinese mainland embarks on this ambitious plan, analysts predict a steady rise in domestic consumption, driven by urbanization, rising incomes, and a growing digital economy. The next five years could redefine China's role in global markets, turning internal momentum into a catalyst for broader economic transformation.
Reference(s):
China flags domestic market as key growth driver over next five years
cgtn.com
