On Tuesday, Xi Jinping, general secretary of the CPC Central Committee, unveiled the rationale behind the recommendations for the 15th Five-Year Plan (FYP) at the fourth plenary session of the 20th CPC Central Committee. In a speech blending data insights with strategic foresight, Xi painted a roadmap for the next five years of economic and social development on the Chinese mainland—aiming to balance growth, sustainability and innovation.
1. Accelerating Digital Transformation
Xi highlighted the digital economy as a "new engine" for growth. Emphasis is placed on scaling up 5G, cloud computing and AI applications. According to CPC data, the digital sector could contribute over 20% of GDP growth annually, driving global tech partnerships and cross-border e-commerce.
2. Green and Inclusive Growth
Sustainability topped the agenda: more investments in renewable energy, circular economy initiatives and carbon reduction targets. The plan sets a goal to peak carbon emissions by 2030 and move towards carbon neutrality by 2060, shaping global climate cooperation.
3. Strengthening Social Welfare
Improving public services is another pillar. Xi's recommendations propose increased funding for healthcare, education and rural revitalization—aiming to bridge urban-rural divides and ensure "no one is left behind."
4. Opening Up and International Collaboration
The FYP underscores deeper integration with global markets. Xi called for expanded Belt and Road cooperation, modernizing trade corridors and enhancing supply chain resilience—inviting entrepreneurs and investors from all regions to engage.
What’s Next?
These strategic directives will now enter a detailed drafting phase, where provincial authorities and industry stakeholders will map out implementation paths. For global audiences—from tech innovators to sustainability advocates—China's 15th FYP signals fresh partnership opportunities and a shifting economic landscape for the decade ahead.
Reference(s):
Full text: Xi's explanatory remarks on recommendations for 15th FYP
cgtn.com
