Fifteenth five-year plan

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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.

Contents

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 14th 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] The plan is scheduled to be approved in March 2026 by the National People's Congress. [8]

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." [8] According to Shruti Jargad, the new policy seeks to mature China's regulatory and legal structures to support efficient growth. [8] According to Arthur Kroeber, speeches before drafting the new plan emphasized "new quality productive forces", disruptive innovation, and a new national system for coordination. [9] 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. [8]

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. [8]

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. [10]

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. 1 2 3 4 5 Jargad, Shruti (2025-11-24). "China's five-year plan confronts economic reform amid geopolitical competition". The Strategist. Retrieved 2025-12-07.
  9. Kroeber, Arthur. "Unleashing "new quality productive forces": China's strategy for technology-led growth". Brookings. Retrieved 2025-12-07.
  10. Jargad, Shruti (2025-11-24). "China's five-year plan confronts economic reform amid geopolitical competition". The Strategist. Retrieved 2025-12-07.