The 14th Five-Year Plan is about to conclude, and the new journey of the 15th Five-Year Plan will begin.

The highly anticipated Fourth Plenary Session of the 20th Central Committee of the Communist Party of China was held in Beijing from October 20th to 23rd, 2025, where it reviewed and approved the 'Proposal of the CPC Central Committee for the Formula

The plenary session of the report highly praised the significant achievements made in China's development during the 14th Five-Year Plan period. It clarified the main goals of economic and social development during the 15th Five-Year Plan period and

Future Five-Year Goals Set

Looking back on the past five years, China has faced challenges and transformed them into opportunities, achieving new pioneering progress, breakthrough changes, and historic achievements in economic and social development.

During the 14th Five-Year Plan period, China's economic aggregate has continuously surpassed the thresholds of 110 trillion, 120 trillion, and 130 trillion yuan, and is expected to reach around 140 trillion yuan by the end of 2025, with an average gr

Zheng Ganjie, Director of the National Development and Reform Commission, previously stated that the Chinese economy has demonstrated the scale advantage of a great power, with its GDP continuously reaching new levels. It is expected that the economi

The 15th Five-Year Plan period is a critical period for laying a solid foundation and making comprehensive efforts to basically realize socialist modernization. China's development is facing both strategic opportunities and risks, as well as increasi

The main goals of economic and social development in the 15th Five-Year Plan period were proposed at the plenary session: to achieve remarkable results in high-quality development, significantly improve the level of technological self-reliance and in

Qi Xiangdong, Vice Chairman of the All-China Federation of Industry and Commerce and Chairman of QiAnXin Group, told First Financial News that the Fourth Plenary Session of the 20th Central Committee points out the way forward for China's national ec

Yang Weimin, deputy director of the Economic Committee of the 13th National Committee of the Chinese People's Political Consultative Conference, has participated in the compilation of six five-year plans from the Ninth Five-Year Plan to the 15th Five

The 15th Five-Year Plan development goals need to be linked with the long-term goals for 2035, which are primarily qualitative in nature, but achieving a level of per capita GDP comparable to that of moderately developed countries implies requirement

Adhering to the strategic basis of expanding domestic demand

During the 15th Five-Year Plan period, to maintain the continuous improvement of economic indicators, it is most important to continuously promote high-quality development. High-quality development is the primary task for building a socialist moderni

The plenary session proposed to build a modern industrial system and consolidate and strengthen the foundation of the real economy. We must focus on developing the real economy, adhere to the directions of intelligence, greening, and integration, acc

Li Lecheng, Minister of Industry and Information Technology, wrote an article pointing out that the new round of technological revolution and industrial transformation is accelerating, with increasingly profound and extensive impacts on industrial de

After years of unremitting efforts, China has become a major manufacturing country in the world, with manufacturing value added ranking first globally for 15 consecutive years. Among the world's 504 major industrial products, China's production of mo

Li Lecheng mentioned that some traditional drivers of China are currently weakening, while new drivers are still being cultivated and expanded, which cannot fully compensate for the decline in traditional drivers. Where does the driving force come fr

In the next five years, expanding domestic demand is a strategic move. The plenary session proposed to build a strong domestic market and accelerate the construction of a new development pattern. Adhere to the strategic basis of expanding domestic de

As an important component of domestic demand, consumption is a key engine for driving economic growth. During the 14th Five-Year Plan period, consumption is expected to contribute about 60% of economic growth on average annually.

Zhang Jun, the chief economist of China Galaxy Securities, stated to First Finance that a logical theme of the 15th Five-Year Plan is 'investing in people'. 'Investing in people' is an effective means to solve the dilemma of residents' consumption gr

Chief Economist at ICBC International, Cheng Shi, also believes that the key to boosting domestic demand in the next five years lies in focusing on people, following the logic of human nature, and creating a safe, stable, and predictable development

Greatly improved ability to stand on our own feet in science and technology

With the deepening development of a new round of technological revolution and industrial transformation, global technological innovation has entered an unprecedentedly intense and active period. Technological innovation is becoming a key driver to im

China has increased its research and development (R&D) investment intensity to 2.68% during the 14th Five Year Plan (2021-2025), approaching the average level of 2.73% in the Organization for Economic Cooperation and Development (OECD) countries. Loo

The plenary session proposed to accelerate self-reliance and self-reliance in high-level science and technology and lead the development of new productive forces. Seize the historical opportunity of a new round of scientific and technological revolut

The 14th Five-Year Plan is a milestone in the development of China's science and technology. The 20th National Congress of the Communist Party has set a strategic goal of building a strong science and technology country by 2035.

According to the data released by the Ministry of Science and Technology in September this year, the total investment in research and development across the country will exceed 3.6 trillion yuan in 2024, an increase of 48% compared with 2020. The inv

According to the Global Innovation Index (GII) 2025 released by the World Intellectual Property Organization (WIPO) in September, China not only ranked in the top ten for the first time in the overall index, but also had the most clusters in the top

WIPO Director General Daren Tang said in an exclusive interview with First Finance that China has built an intellectual property and innovation ecosystem over the years, becoming the world's largest contributor to intellectual property. At the same t

Yin Hejun, the Minister of Science and Technology, recently introduced at a series of press conferences on “Completing the 14th Five-Year Plan with High Quality” that in these five years, the technology management system has been reshaped, and the ad

He said that the next five years are very critical for building a technology powerhouse. To seize the opportunities of a new round of technological revolution and industrial transformation, to cope with the complex and changing international situatio

Yin Hejun said that during the 15th Five-Year Plan period, specific considerations will be given to five aspects of work, including strengthening original and leading technological research, promoting the deep integration of technological innovation

For example, it is urgent to plan ahead a batch of new national major scientific and technological projects based on national strategies, strengthen organized basic research, and continue to increase high-quality technology supply; further strengthen