Fifteenth five-year plan

15th Five-Year Plan
Simplified Chinese十五四规划
Traditional Chinese十五五規劃
Transcriptions
Standard Mandarin
Hanyu PinyinShíwǔwǔ Guīhuà
15th Five-Year Plan for Economic and Social Development and Long-range Objectives Through the Year 2035 of the People's Republic of China
Simplified Chinese中华人民共和国国民经济和社会发展第十五个五年规划纲要
Traditional Chinese中華人民共和國國民經濟和社會發展第十五個五年規劃綱要
Transcriptions
Standard Mandarin
Hanyu PinyinZhōnghuá Rénmín Gònghéguó Guómín Jīngjì hé Shèhuì Fāzhǎndì Shíwǔgè Wǔnián Guīhuà Gāngyào Hé

The 15th Five-Year Plan, officially the 15th Five-Year Plan for Economic and Social Development of the People's Republic of China, is a set of goals for national economic development. The plan, abbreviated 15-5, covers the years from 2026 to 2030.

Drafting

A preliminary study for the plan by the National Development and Reform Commission took place on 17 and 18 December 2023.[1][2] The fourth plenum, held on October 20 to 23, 2025, focused on assessing the previous 14th five-year plan and considered the proposed 15th five-year plan.[3][4][5] On 24 October 2025, Premier Li Qiang chaired a special meeting on the preparation of the outline of the 15th Five-Year plan, with Vice Premier Ding Xuexiang being present.[6] On 3 November 2025, CCP General Office Director Cai Qi published an opinion piece in the People's Daily, where he stressed the "extreme importance of exercising full and rigorous party self-governance to achieve the economic and social development goals of the 15th five-year plan period".[7]

On 27 February 2026, the CCP Politburo held a meeting to discuss the draft outline of the plan, which the State Council intended to submit to the fourth session of the 14th National People's Congress for review.[8] The National People's Congress subsequently reviewed the draft outline.[9][10]

Details

The new plan seeks to achieve basic socialist modernization. It has six main principles "upholding the party's overall leadership; putting people first; ensuring high quality development; upholding comprehensive and in-depth reform; implementing state market balance to form an economic order that is 'flexible' and 'well managed'; and balancing security and development."[9] According to Shruti Jargad, the new policy seeks to mature China's regulatory and legal structures to support efficient growth.[9] According to Arthur Kroeber, speeches before drafting the new plan emphasized "new quality productive forces", disruptive innovation, and a new national system for coordination.[11] Compared to the fourteenth five-year plan, the 15-5 puts more emphasis on supporting businesses and less on supporting an equal distribution of wealth.[9]

Green technologies such as solar power and electric vehicles, and the accompanying rare-earth supply chains have been successful in China. In 15–5, Beijing aims to support similar policies for advanced semiconductors, biotechnology, and quantum technology.[9]

Industrial resilience is another key policy that has shown up in China's 15–5. China's industrial capabilities have driven significant economic growth, but challenges have risen alongside the success they bring. The central committee has stated that China must "maintain a reasonable proportion of manufacturing" and support "optimizing and upgrading traditional industries". Furthermore, CCP General Secretary Xi Jinping himself stated publicly, "real economy cannot be lost". Hinting China's economic transformation will not completely disregard its manufacturing sector, instead leaving an appropriate portion to withstand crises.[9]

Other efforts focus on improving China's financial strength. Reforms intended to achieve this goal include "advancing the Chinese currency's internationalization, pursuing greater openness of the capital account, and building a homegrown, risk-controllable cross-border renminbi payment system."[12]

Another aspect of the 15-5 is an emphasis for improving social support systems for vulnerable groups, including people with disabilities. One example of this initiative is the opening of a "silent café" that employs deaf workers inside a government office in Huai'an.[13]

See also

References

  1. ^ "China's top economic planner begins preliminary study of 15th Five-Year Plan". State Council of the People's Republic of China. Retrieved 2025-01-07.
  2. ^ Yao, Kevin; Zhang, Ellen (26 December 2024). "China revises up 2023 GDP, sees little impact on 2024 growth". Reuters. Retrieved 7 January 2025.
  3. ^ Blanchette, Jude; Kennedy, Scott (2020-10-30). "China's Fifth Plenum: Reading the Initial Tea Leaves". Center for Strategic and International Studies.
  4. ^ "Explainer: What is China's 'third plenum'?". Reuters. 15 July 2024. Retrieved 7 January 2025.
  5. ^ Wang, Orange (9 October 2025). "Transformation of China's supersized market will suit Italian investors: Wang Yi". South China Morning Post.
  6. ^ "李强主持召开国务院"十五五"规划《纲要草案》编制工作领导小组会议强调 全面贯彻党的二十届四中全会部署 高质量编制"十五五"规划纲要 丁薛祥出席" [Li Qiang presided over a meeting of the State Council's Leading Group for the Preparation of the Outline of the 15th Five-Year Plan, emphasizing the need to fully implement the arrangements of the Fourth Plenary Session of the 20th CCP Central Committee and prepare the Outline of the 15th Five-Year Plan with high quality. Ding Xuexiang was present.]. State Council of the People's Republic of China (in Chinese). 26 November 2019. Retrieved 26 September 2023.
  7. ^ Zhang, Phoebe (3 November 2025). "Communist Party discipline key to meeting China's 5-year plan goals: Cai Qi". South China Morning Post. Retrieved 4 November 2025.
  8. ^ "中共中央政治局召开会议 讨论"十五五"规划纲要草案和政府工作报告 中共中央总书记习近平主持会议" [The Political Bureau of the CPC Central Committee convened a meeting to discuss the draft outline of the 15th Five-Year Plan and the government work report. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting.]. Ministry of Ecology and Environment. 27 February 2026. Retrieved 2026-03-06.
  9. ^ a b c d e f Jargad, Shruti (2025-11-24). "China's five-year plan confronts economic reform amid geopolitical competition". The Strategist. Retrieved 2025-12-07.
  10. ^ "两会日程预告丨3月6日：审议和讨论政府工作报告 审查和讨论"十五五"规划纲要草案" [Two Sessions Schedule Preview | March 6: Deliberation and discussion of the Government Work Report and review and discussion of the draft outline of the 15th Five-Year Plan]. Xinhua News Agency. 5 March 2026. Retrieved 2026-03-06.
  11. ^ Kroeber, Arthur. "Unleashing "new quality productive forces": China's strategy for technology-led growth". Brookings. Retrieved 2025-12-07.
  12. ^ 李松. "High-quality capital account opening in focus". China Daily. Retrieved 2026-02-24.
  13. ^ 李, 松 (30 January 2026). "'Silent Cafes' A Strong Voice For Disabled Workers". China Daily. Retrieved 2026-02-24.
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