China's 15th Five-Year Plan (2026-2030) has introduced a new approach to setting economic growth targets, emphasizing flexibility and high-quality development over rigid numerical goals, according to an official with China's National Development and Reform Commission (NDRC).
Chinese lawmakers on Thursday approved the outline of the 15th Five-Year Plan (2026-2030) for national economic and social development at the closing meeting of the fourth session of the 14th National People's Congress.
The plan proposes keeping GDP growth within a reasonable range, with specific targets to be set each year. The goal is to lay the groundwork for doubling China's per capita GDP from 2020 levels by 2035, reaching the level of moderately developed countries.
Peng Shicheng, Deputy Director General of the Department of Development Strategy and Planning at explained the rationale for this approach.
"The target is set in a way that combines qualitative guidance with quantitative requirements. It reflects a clear focus on promoting high-quality development and encourages all parties to pursue solid and meaningful growth, while leaving room for transforming the growth model, adjusting the economic structure and advancing reforms. It will also help support employment and income growth for the people," said Peng.
The outline sets a slew of goals, with high-quality development high on the agenda. Key indicators span areas including economic development, innovation, public well-being, green transition, and security. Many of the indicators focus on people's livelihoods, sending a clear signal that development is ultimately meant to benefit the people.
"In particular, the plan proposes a number of targeted and innovative measures, including advancing the integrated development of education, science, technology and talent, combining investment in infrastructure with investment in people, and promoting coordinated regional development. It also outlines 109 major projects in six areas, including landmark initiatives such as the hydropower project in the lower reaches of the Yarlung Zangbo River, a new Three Gorges shipping channel and satellite internet systems, which will provide strong support for achieving the plan's goals," Peng said.
Improving livelihoods is another major focus. The plan includes measures to stabilize employment, raise household incomes, expand social security coverage, and improve public services such as higher education and healthcare.
China's 15th five-year plan sets GDP target with "quality development" as guiding principle:NDRC official
