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Originally published by Capital News
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October 27, 2025
1w ago

China enters defining phase of modernization with 15th five-year plan

China enters defining phase of modernization with 15th five-year plan

Fostering new quality productive forces, notably technological innovation, digital transformation and emerging industries, will likely form the backbone of China's economic development during the 15th Five-Year Plan period...

✨ Key Highlights

China is entering a critical phase of its modernization with the upcoming 15th Five-Year Plan (2026-30), which will serve as a bridge to achieving socialist modernization by 2035. The plan's objectives include significant advancements in high-quality development and scientific and technological self-reliance.

  • The 20th Central Committee of the Communist Party of China convened its fourth plenary session in Beijing from October 20 to October 23 to deliberate on the recommendations for the 15th Five-Year Plan.
  • The plan emphasizes fostering new quality productive forces, such as technological innovation and digital transformation, as the backbone of economic development.
  • According to chief economist Zhang Jun of China Galaxy Securities, the country must "anchor the 2035 goal" while providing "forward-looking guidance" during this period.

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