International observers and commentators have expressed hope that the high-quality development anticipated under China’s 15th Five-Year Plan period (2026-2030) will inject greater stability and positive energy into the world, while offering new references for other countries exploring their own development paths.
Many pundits are following the fourth plenary session of the 20th Communist Party of China (CPC) Central Committee, during which the next Five-Year Plan will be agreed.
"So I was so really pleased to see the plans that are going into the 15th Five-Year Plan that will start in 2026, because this plan speaks about zero waste, because this plan speaks about circularity. So I think that this is a very exciting new chapter that China is opening as well," said Inger Andersen, executive director of the United Nations Environment Program.
"It evolves with the times. The state does so, so that its citizens can live a better, happier and prosperous life. Many of the economic thinkers in the West and in the United States understood the value and the need for this sort of planning. China has substantially mastered that art and I think part of it is being pragmatic as one develops from a national and economic standpoint," said Sourabh Gupta, senior fellow at the Institute for China-America Studies.
"China has emerged as a global leader in multiple fields through high-quality development, spearheaded by its significant innovations in scientific research. Not only is China an essential partner for cooperation with various economies worldwide, but it is also the preferred trading partner for most countries. China stands as an indispensable and stabilizing pillar in the global trade landscape," said Maroun Kairouz, head of the Middle and North Africa for the World Economic Forum.
Alfred Schipke, director of the East Asian Institute at the National University of Singapore, outlined his expectations for the new plan.
"Of course, we have very high expectations. We think it is an opportunity to advance what China ultimately wants to do over the next couple of years. I'm sure there will be a lot on high-quality growth. There will also be emphasis on continued supply-side reform, but we also hope that there will be more emphasis on strengthening the consumption side, improving the livelihood of people, and to further open up the economy, I think in particular the service sector will probably be mentioned," he said.
An article in Pakistan Today said that China's new Five-Year Plan will drive domestic growth and set the course for global development. With strategic resolve and forward-looking vision, China is advancing its modernization, which will inject much-needed stability and positive energy into global development, the editorial said.
The German newspaper Handelsblatt reported that the fourth plenary session of the 20th CPC Central Committee will set the strategic direction for China's development in the years ahead. The country is shifting its focus towards scientific and technological innovation, with the 15th Five-Year Plan set to open a new chapter in its development strategy.
U.S.-based cable channel CNBC reported that the fourth plenary session will outline China's economic priorities for the next five years, offering insight into how the country is shaping its global trade and economic strategy for the 2026-2030 period.
Global observers hope China's new 5-year plan will bring benefits to world
