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Xi stresses sound planning for economic, social development in 2026-2030

China

China

China

Xi stresses sound planning for economic, social development in 2026-2030

2025-04-30 19:56 Last Updated At:23:07

Chinese President Xi Jinping on Wednesday called for adapting to changing situations, grasping strategic priorities, and making sound plans for the country's economic and social development in the 2026-2030 period.

The remarks came as China revs up efforts to fulfill the targets set in the 14th Five-Year Plan (2021-2025) in the final year of its implementation and to formulate the next five-year plan.

Presiding over a symposium on China's economic and social development in the 15th Five-Year Plan period (2026-2030) in Shanghai, Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, heard opinions and suggestions from attending officials.

A key guiding document for medium-to-long-term economic and social progress, China's five-year plan outlines the country's overall goals, major tasks and policy orientation across various sectors over a five-year period.

Xi emphasized that scientifically formulating and continuously implementing the Five-Year Plans is an important experience of the CPC in governing the country, and also an important political advantage of socialism with Chinese characteristics.

The planning must focus on the goal of basically realizing socialist modernization, with a view to building a great country and advancing national rejuvenation, Xi said, adding that targets and tasks should be set in a reasonable manner with approaches and measures to be proposed for each specific field.

The Chinese president urged efforts to make overall plans, grasp the key and decisive factors, and focus on consolidating and expanding advantages, breaking through bottlenecks and obstacles, and making up for the shortcomings and weak points.

To plan the economic and social development during the 15th Five-Year Plan period, it is necessary to have a forward-looking grasp of the impact brought by the development and changes in the international landscape, and guide the adjustment and optimization of the economic layout in accordance with the trend, Xi said.

Efforts should be made to unswervingly manage China's own affairs well, expand high-standard opening up, and stabilize employment, enterprise operation, marketing and expectations with various measures, so as to comprehensively promote high-quality development, he said.

Greater emphasis should be placed on ensuring both development and security, with a comprehensive assessment of domestic and external risks and challenges, Xi said, calling for efforts to improve the national security system.

Xi emphasized that during the 15th Five-Year Plan period, the development of new quality productive forces should be placed in a more prominent strategic position in accordance with local conditions.

With scientific and technological innovation as the lead and with the real economy as the foundation, equal importance should be attached to comprehensively promoting the transformation and upgrading of traditional industries, actively developing emerging industries and making forward-looking plans for future industries, Xi said, adding that the construction of a modern industrial system should be accelerated.

Efforts should be made to improve the national innovation system, stimulate the vitality of all types of innovation entities, aim at the forefront of the world's science and technology development, continue strengthening basic research and enhance the ability for original innovation, and strive to make early breakthroughs in the development of key core technologies and cutting-edge technologies, Xi said.

Xi also called for promoting integrated development of education, science and technology, as well as human resources development to consolidate the fundamental and strategic support for the development of new quality productive forces.

Stressing the importance of common prosperity for all, Xi urged efforts to ensure and improve the people's livelihood in the course of development, and steadily promote common prosperity.

It is essential to conduct in-depth research on promoting coordinated regional development, consolidating and expanding the achievements of poverty eradication, advancing comprehensive revitalization of rural areas and integrated development of urban and rural areas, and steadily increasing the income of both urban and rural residents, Xi said.

Xi also called for efforts to roll out a number of balanced and accessible policies and measures in order to resolve the pressing difficulties and problems that concern the people most.

Since its first launch in the 1950s, the five-year plan has been serving as a blueprint for China's overall development. The formulation process operates through a well-structured framework that combines the centralized, unified leadership of the CPC Central Committee with extensive democratic participation.

Xi stresses sound planning for economic, social development in 2026-2030

Xi stresses sound planning for economic, social development in 2026-2030

Xi stresses sound planning for economic, social development in 2026-2030

Xi stresses sound planning for economic, social development in 2026-2030

The U.S. share of global GDP under President Donald Trump has fallen to its lowest level since 1980, Russian news agency RIA Novosti reported on Saturday.

RIA Novosti said data from the World Bank and the International Monetary Fund show that U.S. purchasing power parity sank to 14.65 percent last year.

That's compared to an average of 14.93 percent during former President Joe Biden's four years in office.

U.S. share of global economy hits lowest point since 1980: Russian media

U.S. share of global economy hits lowest point since 1980: Russian media

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