The municipal government of Beijing Friday unveiled the city's 15th Five-Year Plan for socioeconomic development in the 2026-2030 period, outlining the capital city's development goals for the next five years aimed at strengthening its strategic role and driving high-quality growth.
The key targets unveiled at a press conference include maintaining an average annual GDP growth of between 4.5 and 5 percent, raising the research and development intensity to more than 6 percent, and building new trillion-yuan industrial clusters in sectors such as artificial intelligence and green energy.
The city also plans to deepen integration within other parts of the Beijing-Tianjin-Hebei region in north China while improving urban governance and raising the people's overall living standards.
"The development goals and tasks for the 15th Five-Year Plan period have been clearly defined. What is crucial next is to ensure their implementation, adhere to the blueprint and see it through to the end. In doing so, we will strive to play a leading role in all aspects of work, and ensure that we can take a lead in making decisive progress in basically realizing socialist modernization," said Yin Yong, mayor of Beijing, at the press conference.
Beijing unveils development targets for 2026-2030 period
Mutual respect and communication between the United States and China are meaningful to maintaining regional and global peace, said U.S. Secretary of Defense Pete Hegseth at the Shangri-La Dialogue 2026 on Saturday.
The three-day event, Asia's premier defense and security summit, opened on Friday in Singapore amid growing geopolitical tensions.
Focusing on major security challenges facing the region, the event is expected to bring together more than 550 delegates from over 40 countries and regions.
Hegseth said the leaders of the United States and China have reached an important consensus on building a constructive relationship of strategic stability. The U.S. side supports strengthening communication and engagement between the two militaries and enhancing mutual understanding through candid exchanges.
To establish an effective communication framework helps maintain world peace and stability, he said.
"I think there is a mutual respect, a recognition of capabilities in power and how that could be most usefully leveraged in the world today. With both powers that I want to reassure this audience, I think it's real, I think it's substantive, and I think it's meaningful for the history of peace in the region, in the world," said Hegseth.
Mutual respect between U.S., China meaningful for world peace: U.S. defense chief
Mutual respect between U.S., China meaningful for world peace: U.S. defense chief
Mutual respect between U.S., China meaningful for world peace: U.S. defense chief
