https://www.scmp.com/rss/523629/feed The Chinese Communist Party is expected to hold its fourth plenum of the 20th Party Congress in October 2025, a much-anticipated meeting where the country’s leaders will discuss China’s next five-year plan, with the economic blueprint likely to emphasise income and gross domestic product growth, the upgrading of industry and technological innovation. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Mandy Zuo Mandy Zuo President Xi Jinping has toured a hi-tech park in Beijing to assess China’s progress in information technology innovation, underscoring the country’s intensifying focus on high-level development amid a global race to dominate future industries. Xi inspected the National Information Technology Application Innovation Park in Beijing’s Yizhuang area on the capital’s southern outskirts, where he met business leaders, including Xiaomi CEO Lei Jun, state media reported. The visit highlighted China’s... https://www.scmp.com/economy/china-economy/article/3342949/chinas-xi-signals-tech-ambitions-5-year-plan-tour-beijing-innovation-park?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342949/chinas-xi-signals-tech-ambitions-5-year-plan-tour-beijing-innovation-park?utm_source=rss_feed Mon, 09 Feb 2026 11:31:28 +0000 Frank Chen Frank Chen Chinese households have accelerated deleveraging – cutting debt relative to gross domestic product – at the fastest pace in years, a shift that could weigh on the consumer spending that Beijing needs to sustain growth in the world’s second-largest economy. The household debt-to-GDP ratio fell by 2 percentage points, from 61.4 per cent in 2024 to 59.4 per cent at the end of 2025, according to data released on Monday by the National Institution for Finance and Development (NIFD), a Beijing-based... https://www.scmp.com/economy/china-economy/article/3341435/chinas-consumer-spending-push-faces-major-challenge-debt-averse-households?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3341435/chinas-consumer-spending-push-faces-major-challenge-debt-averse-households?utm_source=rss_feed Tue, 27 Jan 2026 13:00:21 +0000 Sylvia Ma Sylvia Ma China’s central bank has reiterated its commitment to a “moderately loose” policy stance in 2026, pledging stronger countercyclical and cross-cycle adjustments and signalling flexible and efficient use of reserve requirement ratio (RRR) cuts and interest rate reductions to support a strong start to the 15th five-year plan. At a work conference outlining priorities for the coming year, the People’s Bank of China also highlighted goals including a reasonable recovery in prices, mitigating... https://www.scmp.com/economy/china-economy/article/3339018/chinas-central-bank-signals-reserve-ratio-interest-rate-cuts-2026?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3339018/chinas-central-bank-signals-reserve-ratio-interest-rate-cuts-2026?utm_source=rss_feed Wed, 07 Jan 2026 08:30:27 +0000 Sylvia Ma Sylvia Ma The yuan has strengthened in recent months, with the offshore rate hitting its highest level against the US dollar in more than a year, fuelling forecasts that it could reach as high as 6.8 in 2026. The currency’s international profile has also inched upwards as Beijing pushes for wider global use. In this explainer, the Post reviews the yuan’s progress across several fronts, drawing on a recent analysis by Betty Wang, head of North Asia research at Oxford Economics. How far has the yuan... https://www.scmp.com/economy/china-economy/article/3337438/what-chinas-yuan-internationalisation-push-looks-and-what-may-hold-it-back?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3337438/what-chinas-yuan-internationalisation-push-looks-and-what-may-hold-it-back?utm_source=rss_feed Tue, 23 Dec 2025 06:00:45 +0000 He Huifeng He Huifeng Guangdong, China’s largest provincial economy, has vowed to double its economy by 2035 from 2022 levels, in line with the central government’s target of becoming a medium-level developed country by that year. “Looking ahead, from the 20th National Congress of the Communist Party (in 2022) to 2035, Guangdong aims to achieve socialist modernisation and build a modern, new Guangdong within 13 years,” provincial authorities said in their five-year plan proposals released on Monday. “By that time,... https://www.scmp.com/economy/china-economy/article/3335798/chinas-guangdong-targets-doubling-gdp-2035-despite-slowing-growth?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3335798/chinas-guangdong-targets-doubling-gdp-2035-despite-slowing-growth?utm_source=rss_feed Wed, 10 Dec 2025 00:30:10 +0000 Ng Kang-chung Ng Kang-chung Hong Kong leader John Lee Ka-chiu has pledged to sharpen the city’s competitive edge to better serve the country’s development by applying the guiding principles of the fourth plenum in everyday governance. Lee made the pledge after attending a seminar at government headquarters that featured the head of the country’s top scientific think tank on Monday. Hou Jianguo, president of the Chinese Academy of Sciences, said in his address that the latest five-year plan endorsed during last month’s... https://www.scmp.com/news/hong-kong/politics/article/3333951/hong-kong-sharpen-competitive-edge-applying-plenums-guidance-john-lee?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3333951/hong-kong-sharpen-competitive-edge-applying-plenums-guidance-john-lee?utm_source=rss_feed Mon, 24 Nov 2025 09:41:05 +0000 Lo Hoi-ying Lo Hoi-ying The president of mainland China’s premier science institution will host a seminar in Hong Kong next week to “study and implement” the spirit of the fourth plenum, which sets the tone for the ruling Communist Party’s Central Committee’s policymaking over the next five years. A Hong Kong government spokesman said on Thursday that the seminar, to be held next Tuesday, would promote the spirit of the fourth plenary session of the party’s 20th Central Committee among various sectors of the... https://www.scmp.com/news/hong-kong/politics/article/3333551/chinas-top-science-academy-chief-promote-plenums-spirit-hong-kong-seminar?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3333551/chinas-top-science-academy-chief-promote-plenums-spirit-hong-kong-seminar?utm_source=rss_feed Thu, 20 Nov 2025 09:25:35 +0000 Cui Jianchun Cui Jianchun The most important outcome of the Communist Party of China’s fourth plenum, held last month in Beijing, was the review and adoption of the “Recommendations of the CPC Central Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development”. Leading the drafting team in person, Communist Party General Secretary and Chinese President Xi Jinping played a decisive role in formulating the recommendations by setting the overall vision and providing guidance throughout the... https://www.scmp.com/opinion/china-opinion/article/3332731/15th-five-year-plan-charts-course-chinas-modernisation?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3332731/15th-five-year-plan-charts-course-chinas-modernisation?utm_source=rss_feed Mon, 17 Nov 2025 12:30:09 +0000 Yuanyue Dang,William Zheng Yuanyue Dang,William Zheng Even for the anti-graft era of President Xi Jinping, the wave of investigations into alleged corruption in the Chinese military over the past three years has been exceptional. Last month, nine senior People’s Liberation Army (PLA) officers were expelled from the Communist Party and the military, including He Weidong, formerly China’s second-highest-ranking military officer. They are accused of having “violated party discipline and allegedly committed serious crimes related to their duties” –... https://www.scmp.com/news/china/military/article/3332692/top-pla-heads-have-rolled-chinas-hunt-corrupt-military-officials-may-be-here-stay?utm_source=rss_feed https://www.scmp.com/news/china/military/article/3332692/top-pla-heads-have-rolled-chinas-hunt-corrupt-military-officials-may-be-here-stay?utm_source=rss_feed Thu, 13 Nov 2025 22:00:23 +0000 Fan Hou Fan Hou To view the Post’s coverage of China’s 15th five-year plan, follow this link. https://www.scmp.com/plus/article/3332580/chinas-15th-five-year-plan?utm_source=rss_feed https://www.scmp.com/plus/article/3332580/chinas-15th-five-year-plan?utm_source=rss_feed Thu, 13 Nov 2025 04:20:49 +0000 Dominik Mierzejewski Dominik Mierzejewski In the aftermath of the recent meeting between Chinese President Xi Jinping and US President Donald Trump, many interpretations have emerged. However, one crucial dimension has been overlooked: the way in which Xi’s domestic priorities influence his foreign policy agenda. The de-escalation of trade tensions between China and the United States goes beyond fentanyl, rare earth elements, the chip war and Beijing’s purchase of US soybeans. It constitutes one of the key elements of internal... https://www.scmp.com/opinion/china-opinion/article/3332195/chinas-diplomatic-gains-us-are-political-insurance-policy?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3332195/chinas-diplomatic-gains-us-are-political-insurance-policy?utm_source=rss_feed Tue, 11 Nov 2025 21:30:08 +0000 Alice Li Alice Li China may take additional steps to advance the yuan’s internationalisation and ease cross-border flows on the back of rising investment demand, according to a prominent economist. “Chinese companies are showing strong momentum in expanding their overseas investments, so I believe the Chinese government will take more enabling measures [to support transactions],” said Xiang Songzuo, former chief economist at the Agricultural Bank of China. He added that the internationalisation of the yuan is... https://www.scmp.com/economy/china-economy/article/3332348/why-chinas-growing-global-investments-could-spur-yuan-internationalisation-push?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3332348/why-chinas-growing-global-investments-could-spur-yuan-internationalisation-push?utm_source=rss_feed Tue, 11 Nov 2025 12:30:15 +0000 Zongshuai Fan Zongshuai Fan Following the Communist Party of China’s fourth plenum, debate has intensified over the direction of the country’s economy, with manufacturing remaining a central pillar of Beijing’s ambitions for the coming decade. The Communist Party’s Central Committee’s recommendations for the 15th five-year plan, released on October 28, reaffirm China’s goal of achieving socialist modernisation by 2035, measured by gross domestic product (GDP) per capita – a vision outlined in the 14th five-year plan and... https://www.scmp.com/opinion/china-opinion/article/3331792/why-manufacturing-still-key-chinas-development-goals?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3331792/why-manufacturing-still-key-chinas-development-goals?utm_source=rss_feed Sun, 09 Nov 2025 08:30:14 +0000 Carol Yang Carol Yang Developing China’s “new quality productive forces” – a growth model championed by Beijing that emphasises technological breakthroughs and industrial upgrades – does not mean abandoning traditional industries, but rather integration and transformation through innovation, according to the ruling Communist Party’s leading theoretical journal. The sustained driving force for economic growth comes from both fostering emerging industries and upgrading traditional ones – a dual-pronged push that must... https://www.scmp.com/economy/china-economy/article/3331965/china-warns-against-abandoning-traditional-sectors-economic-transition?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3331965/china-warns-against-abandoning-traditional-sectors-economic-transition?utm_source=rss_feed Fri, 07 Nov 2025 11:00:25 +0000 Carol Yang Carol Yang Beijing has pledged to prevent industrial hollowing-out by safeguarding the share of manufacturing in its economy, noting that the trend has historically proven difficult to reverse in an official outline of priorities for the next five years. As nations industrialise, the share of manufacturing in their economies typically peaks before declining. If left unchecked, the trend could lead to deindustrialisation, undermining economic strength and resilience, according to a book released last week... https://www.scmp.com/economy/china-economy/article/3331772/chinas-vow-shield-manufacturing-aims-ward-industrial-decline?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3331772/chinas-vow-shield-manufacturing-aims-ward-industrial-decline?utm_source=rss_feed Fri, 07 Nov 2025 02:00:30 +0000 Alcott Wei Alcott Wei A senior Chinese general has called for the military to be prepared to “live a tight life” and cut costs on multiple fronts in an elaboration of the 15th five-year plan. The remarks by Qiu Yang, deputy director of the General Office of the Central Military Commission, were made in an article published last week and included in a supplementary reader for the Communist Party’s policy recommendations on the five-year plan covering 2026-2030. The recommendations were issued following the closing of... https://www.scmp.com/news/china/military/article/3331673/pla-urged-live-tight-life-top-officials-elaborate-chinas-5-year-plan?utm_source=rss_feed https://www.scmp.com/news/china/military/article/3331673/pla-urged-live-tight-life-top-officials-elaborate-chinas-5-year-plan?utm_source=rss_feed Wed, 05 Nov 2025 21:00:09 +0000 Kun Tian Kun Tian China’s blueprint of its next five-year plan is quietly rewriting the country’s property playbook. The era of firefighting is giving way to a “build it better” mandate, even as policymakers continue to regard real estate as one of the top financial risks requiring orderly resolution. Beijing’s recommendations for the 15th five-year plan, which will be finalised in March next year, set the goal of “promoting high-quality development in the real estate sector”, in place of the familiar mantra that... https://www.scmp.com/opinion/china-opinion/article/3331508/forget-property-boom-times-china-quietly-focusing-good-houses?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3331508/forget-property-boom-times-china-quietly-focusing-good-houses?utm_source=rss_feed Wed, 05 Nov 2025 12:30:08 +0000 Alcott Wei Alcott Wei The Chinese military’s top general has pledged to crack down on “fake loyalty” and “two-faced men” and to speed up weapons development in the next five years. General Zhang Youxia, vice-chairman of the Central Military Commission and a Politburo member, made the remarks in an article published as part of a collection supporting the Communist Party’s policy recommendations for the 15th five-year plan from 2026 to 2030. The articles – written by dozens of senior officials from all policy areas –... https://www.scmp.com/news/china/military/article/3331516/chinas-top-general-vows-crack-down-fake-loyalty-and-two-faced-men?utm_source=rss_feed https://www.scmp.com/news/china/military/article/3331516/chinas-top-general-vows-crack-down-fake-loyalty-and-two-faced-men?utm_source=rss_feed Wed, 05 Nov 2025 04:00:12 +0000 SCMP Editorial SCMP Editorial The Communist Party’s fourth plenum communique reaffirmed the promotion of peaceful development of relations across the Taiwan Strait and advancement of the cause of national reunification. Within a day, the National People’s Congress Standing Committee designated October 25 as the annual day of commemoration of Taiwan’s return to Chinese sovereignty – 80 years after the surrender of Japanese forces in Taiwan to the then ruling Kuomintang. This sends a telling message. The Beijing leadership... https://www.scmp.com/opinion/comment/article/3331024/taiwan-one-china-principle-bottom-line?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3331024/taiwan-one-china-principle-bottom-line?utm_source=rss_feed Fri, 31 Oct 2025 22:45:07 +0000 Alice Li Alice Li China’s supply chain upgrades have strengthened its hand in negotiations with the United States and are expected to bolster its competitive edge over the next five years – though the country must prioritise domestic demand to sustain innovation and avoid worsening deflation, according to an influential economist. “China is probably the only country that is negotiating in a tough way, almost on an equal foot[ing] versus [the] US,” said Robin Xing, chief China economist at Morgan Stanley, in an... https://www.scmp.com/economy/china-economy/article/3331080/chinas-tough-trade-war-stance-rests-industry-demand-still-vital-morgan-stanley?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3331080/chinas-tough-trade-war-stance-rests-industry-demand-still-vital-morgan-stanley?utm_source=rss_feed Fri, 31 Oct 2025 11:00:09 +0000 Haining Gao,Junjie Wang,Fan Hou Haining Gao,Junjie Wang,Fan Hou This is the official English translation of the original Chinese document as released by Xinhua. https://www.scmp.com/plus/article/3331058/chinas-15th-five-year-plan-market-reforms-and-opening?utm_source=rss_feed https://www.scmp.com/plus/article/3331058/chinas-15th-five-year-plan-market-reforms-and-opening?utm_source=rss_feed Fri, 31 Oct 2025 07:56:50 +0000 SCMP Editorial SCMP Editorial Hong Kong and Macau’s future lies in a strong, stable and prosperous China. That pivotal relationship is entering a new stage as Beijing outlines the economic and social goals of its 15th five-year plan. It is imperative that the administrations in both cities work closely with all sectors to align with the new direction and seize the opportunities for strategic development in the next critical phase. On Monday, Chief Executive John Lee Ka-chiu and his team held a study session on the “spirit”... https://www.scmp.com/opinion/comment/article/3330760/hong-kong-can-look-forward-new-chapter-under-15th-five-year-plan?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3330760/hong-kong-can-look-forward-new-chapter-under-15th-five-year-plan?utm_source=rss_feed Wed, 29 Oct 2025 22:45:08 +0000 Genevieve Donnellon-May Genevieve Donnellon-May At last week’s fourth plenary session of the Central Committee of China’s Communist Party in Beijing, food emerged as a clear policy priority. The plenum’s communique highlighted the goal of accelerating China’s transformation into an agricultural power. A leading agricultural producer and importer and a significant exporter, China is doubling down on its next agricultural milestone ahead of the official approval of the 15th five-year plan (2026-2030) early next year. While detailed... https://www.scmp.com/opinion/china-opinion/article/3330665/chinas-next-power-move-much-fields-factories?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3330665/chinas-next-power-move-much-fields-factories?utm_source=rss_feed Wed, 29 Oct 2025 21:30:08 +0000 Amber Wang,Seong Hyeon Choi Amber Wang,Seong Hyeon Choi China is expected to expand and modernise its nuclear arsenal to narrow the gap with the US and Russia following Beijing’s fresh pledge to strengthen its “strategic deterrence” to safeguard the global balance, according to analysts. The pledge was part of the proposed 15th five-year plan which was endorsed last week by the Communist Party’s Central Committee and will cover the years 2026-2030. Details of the proposal were released on Tuesday, including a pledge to “strengthen strategic... https://www.scmp.com/news/china/military/article/3330774/chinas-next-5-year-plan-aims-narrow-nuclear-gap-us-and-russia-analysts-say?utm_source=rss_feed https://www.scmp.com/news/china/military/article/3330774/chinas-next-5-year-plan-aims-narrow-nuclear-gap-us-and-russia-analysts-say?utm_source=rss_feed Wed, 29 Oct 2025 15:00:19 +0000 Dannie Peng,Jane Cai Dannie Peng,Jane Cai This is the official English translation of the original Chinese document as released by Xinhua. https://www.scmp.com/plus/article/3330775/chinas-15th-five-year-plan-industry-and-technology?utm_source=rss_feed https://www.scmp.com/plus/article/3330775/chinas-15th-five-year-plan-industry-and-technology?utm_source=rss_feed Wed, 29 Oct 2025 09:40:30 +0000 Brian Rhoads,Neil Denslow Brian Rhoads,Neil Denslow China’s Communist Party formally outlined proposals for the next five-year plan, including support for the private sector, an emphasis on technological self-reliance and efforts to drive a “notable increase” in domestic consumption’s share of the economy. The country should “fully stimulate” all types of business entities and implement the Private Economy Promotion Law to boost market competition, according to the roughly 20,000-character proposal published by state-run Xinhua. Language on... https://www.scmp.com/plus/article/3330756/xi-readies-china-endless-tech-war-ahead-trump-meeting?utm_source=rss_feed https://www.scmp.com/plus/article/3330756/xi-readies-china-endless-tech-war-ahead-trump-meeting?utm_source=rss_feed Wed, 29 Oct 2025 09:00:39 +0000 Haining Gao Haining Gao The recommendations for formulating China’s 15th five-year plan, adopted at the fourth plenum on October 23, stress industrial modernisation, technological self-sufficiency and the development of the domestic market. The official translation of the full text was released by Xinhua. 15th Five-Year Plan Recommendations (Xinhua) by scmp https://www.scmp.com/plus/article/3330713/chinas-15th-five-year-plan-proposal-official-english-translation?utm_source=rss_feed https://www.scmp.com/plus/article/3330713/chinas-15th-five-year-plan-proposal-official-english-translation?utm_source=rss_feed Wed, 29 Oct 2025 03:13:12 +0000 Sylvia Ma Sylvia Ma China’s top leadership has made “technological self-reliance and self-strengthening” a key goal in a proposal for the next five-year plan, as it grapples with export controls from the West amid an intensifying global tech race. It is the first time in at least a decade that technological self-reliance has been set as a major goal for the country’s social and economic development. The goal was included in a detailed proposal for China’s 15th five-year plan from 2026 to 2030, which was released on... https://www.scmp.com/economy/china-economy/article/3330667/china-sets-technological-self-reliance-key-goal-next-5-years?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330667/china-sets-technological-self-reliance-key-goal-next-5-years?utm_source=rss_feed Tue, 28 Oct 2025 13:09:44 +0000 Xiaofei Xu Xiaofei Xu The Central Committee of China's ruling Communist Party has officially announced its proposals for the country's 15th five-year plan, including language that signals strategic support for the private sector and an accelerated transformation into a financial power, easing market concerns about their positions in the economy over the next five years. These messages were not mentioned in the communique published last week at the end of the committee's fourth plenum. “The state should implement the... https://www.scmp.com/economy/china-economy/article/3330637/china-unveils-5-year-plans-support-private-sector-strengthening-financial-power?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330637/china-unveils-5-year-plans-support-private-sector-strengthening-financial-power?utm_source=rss_feed Tue, 28 Oct 2025 09:39:54 +0000 Raymond Ma Raymond Ma The proposal for China’s 15th five-year plan, covering the years 2026-30, stresses industrial modernisation, technological self-sufficiency and the development of the domestic market. The full text was released in Chinese by Xinhua. Following is a translation made using Alibaba’s Qwen3 artificial intelligence tool. It has been reviewed by a Post journalist for accuracy. It is not the official English version. 15th FYP Full Text (1) by scmp https://www.scmp.com/plus/article/3330624/chinas-five-year-plan-proposal-english-translation?utm_source=rss_feed https://www.scmp.com/plus/article/3330624/chinas-five-year-plan-proposal-english-translation?utm_source=rss_feed Tue, 28 Oct 2025 09:17:57 +0000 Stephen Roach Stephen Roach The Chinese planning season is in full swing. Ahead of the formal release of the 15th five-year plan (running from 2026 to 2030) next March, early signs coming out of the just-completed fourth plenum of the Communist Party suggest that it will be more of the same: a focus on continuing China’s extraordinary industrial and technological ascendancy, driven by what President Xi Jinping has called “new productive forces”. That would be a mistake in the following sense: China’s techno-industrial... https://www.scmp.com/opinion/china-opinion/article/3330572/time-china-set-explicit-household-consumption-target?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3330572/time-china-set-explicit-household-consumption-target?utm_source=rss_feed Tue, 28 Oct 2025 08:30:08 +0000 Alice Li,Sylvia Ma Alice Li,Sylvia Ma China’s central bank has adopted a more proactive tone when describing its efforts to promote the global use of the yuan – a rhetorical change that could signal increased efforts to internationalise the currency amid growing concerns over the US dollar. At a recent meeting, People’s Bank of China Governor Pan Gongsheng pledged to “promote the internationalisation of the yuan”, a noticeable shift in tone from earlier statements by central bank officials, which typically referred to “prudently and... https://www.scmp.com/economy/china-economy/article/3330605/new-phrase-new-phase-chinas-central-bank-adjusts-language-yuan-internationalisation?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330605/new-phrase-new-phase-chinas-central-bank-adjusts-language-yuan-internationalisation?utm_source=rss_feed Tue, 28 Oct 2025 08:08:42 +0000 Meredith Chen Meredith Chen China’s “institutional strength” will help the country tackle “major tests” over the course of the next five-year plan, analysts and state media have said. The country’s latest development plan, which is due to start next year and run until 2030, comes at a time when Beijing is facing increasing obstacles to its long-term ambitions both at home and abroad – particularly its intense rivalry with the United States. China’s first five-year plan was introduced in 1953. The country has since... https://www.scmp.com/news/china/politics/article/3330584/why-china-may-be-banking-institutional-strength-implement-next-5-year-plan?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3330584/why-china-may-be-banking-institutional-strength-implement-next-5-year-plan?utm_source=rss_feed Tue, 28 Oct 2025 06:16:02 +0000 Ningrong Liu Ningrong Liu China’s 15th five-year plan is more than a policy blueprint; it is a pivotal turning point. This plan and the next one will define an era of innovation-led growth, solidifying China’s status as a major power and peer competitor to the United States. Since the reform and opening-up policy was launched, China’s economic development has had distinct phases. The 1978-1992 period marked the initial stage of opening up. Reform and opening-up was imperative in the wake of economic challenges after the... https://www.scmp.com/opinion/china-opinion/article/3330435/chinas-transition-global-powerhouse-hinges-more-innovation?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3330435/chinas-transition-global-powerhouse-hinges-more-innovation?utm_source=rss_feed Mon, 27 Oct 2025 21:30:08 +0000 Mandy Zuo Mandy Zuo In the face of an increasingly turbulent world, China will employ “strategic proactiveness” as it addresses growing risks and challenges, senior officials said at a Friday press conference detailing the country’s priorities under its next five-year plan. The world’s second-largest economy will shift more attention to the development of its domestic market amid global uncertainty, focusing on the production of tangible goods and technological advancements to ensure growth “remains within a... https://www.scmp.com/economy/china-economy/article/3330256/china-tackle-risks-inject-certainty-global-economy-over-next-5-years?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330256/china-tackle-risks-inject-certainty-global-economy-over-next-5-years?utm_source=rss_feed Fri, 24 Oct 2025 13:30:09 +0000 Sylvia Ma Sylvia Ma During the preparatory period for China’s next five-year plan, President Xi Jinping stressed the country needed to stick to its strategy of “focusing on doing its own work” and seizing the initiative amid an uncertain external environment, according to a report by the state-run news agency Xinhua. The comments, which Xi originally made during a symposium in August, were published on Friday, the day after the conclusion of the fourth plenum of the Communist Party’s Central Committee, where... https://www.scmp.com/economy/china-economy/article/3330239/china-must-stay-focused-own-work-despite-external-challenges-xi-says?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330239/china-must-stay-focused-own-work-despite-external-challenges-xi-says?utm_source=rss_feed Fri, 24 Oct 2025 11:00:13 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow The first outline of China’s next five-year plan showed a renewed determination to develop technological self-sufficiency and little optimism about easing global trade tensions. “We should achieve greater self-reliance and strength in science and technology,” said a communique released on Thursday following a four-day meeting of the Communist Party’s Central Committee. The statement also highlighted efforts to boost domestic consumption and “eliminate bottlenecks” hindering the creation of a... https://www.scmp.com/plus/article/3330196/five-year-plan-trump-xi-meeting-apec-summit?utm_source=rss_feed https://www.scmp.com/plus/article/3330196/five-year-plan-trump-xi-meeting-apec-summit?utm_source=rss_feed Fri, 24 Oct 2025 09:00:08 +0000 Chow Chung-yan Chow Chung-yan Between the Lines, from SCMP Plus, provides in-depth analysis and context for key Chinese government documents. This is the official English translation of the original Chinese document released by Xinhua. https://www.scmp.com/plus/article/3330147/chinas-fourth-plenum-communique?utm_source=rss_feed https://www.scmp.com/plus/article/3330147/chinas-fourth-plenum-communique?utm_source=rss_feed Fri, 24 Oct 2025 07:00:16 +0000 SCMP Reporters SCMP Reporters This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. After China’s ruling Communist Party concluded the fourth plenum of its powerful Central Committee on Thursday, a press conference was held on Friday morning to review the events of the conclave and the committee’s conclusions. Among those who attended the briefing were the head of the country’s top economic planner, the minister of commerce, the minister... https://www.scmp.com/economy/policy/article/3330134/chinas-communist-party-meets-press-after-fourth-plenum-wraps?utm_source=rss_feed https://www.scmp.com/economy/policy/article/3330134/chinas-communist-party-meets-press-after-fourth-plenum-wraps?utm_source=rss_feed Fri, 24 Oct 2025 01:50:18 +0000 SCMP Editorial SCMP Editorial The fourth plenum of the Communist Party’s Central Committee has signed off on China’s 15th five-year plan charting the country’s social and economic future, with a pledge to pursue high-quality development and “substantially improve” its capacity for technological self-reliance and innovation. The draft now goes to the “two sessions” of China’s parliament for approval. The 376 full and alternate members of the committee discussed proposals across a broad swathe of areas, from the economy to... https://www.scmp.com/opinion/comment/article/3330042/five-year-plan-offers-hope-stability-amid-global-uncertainty?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3330042/five-year-plan-offers-hope-stability-amid-global-uncertainty?utm_source=rss_feed Thu, 23 Oct 2025 22:45:08 +0000 Alice Li Alice Li As China stays on track to achieve its annual growth target, top-tier cities Shanghai and Beijing – along with several inland regions – outperformed the national average in the first three quarters of 2025, with domestic demand driving expansion amid renewed trade tensions with the United States. Shanghai, the nation’s financial hub, reported 5.5 per cent year-on-year growth in gross domestic product for the first nine months of the year, outpacing the 5.2 per cent national average, according to... https://www.scmp.com/economy/china-economy/article/3330071/chinas-top-cities-inland-provinces-lead-gdp-growth-domestic-demand-strengthens?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330071/chinas-top-cities-inland-provinces-lead-gdp-growth-domestic-demand-strengthens?utm_source=rss_feed Thu, 23 Oct 2025 10:30:09 +0000 Sylvia Ma,Mandy Zuo,Yuanyue Dang Sylvia Ma,Mandy Zuo,Yuanyue Dang After a meeting of China’s political leadership setting the tone for policymaking over the next five years, warnings of “raging storms” and growing uncertainties joined declarations of confidence in the nation’s economic resilience, as Beijing vowed to make “notable progress” in the pursuit of development and to maintain its status as a manufacturing powerhouse. In a communique issued following the conclusion of the fourth plenum on Thursday, the ruling Communist Party’s Central Committee called... https://www.scmp.com/economy/china-economy/article/3330062/china-pledges-notable-progress-fourth-plenum-concludes-5-year-road-map?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330062/china-pledges-notable-progress-fourth-plenum-concludes-5-year-road-map?utm_source=rss_feed Thu, 23 Oct 2025 09:09:34 +0000 Mia Nurmamat Mia Nurmamat As China prepares to unveil its next five-year plan on Thursday, the mouthpiece of the country’s ruling Communist Party has styled the nation’s socialist system as a source of strength that powers the development of the vast Chinese economy and provides stability to the global economy. In an editorial published on Thursday morning, People’s Daily said that China’s five-year plans provided clear direction and predictability amid global uncertainty, with the country estimated to have contributed... https://www.scmp.com/economy/china-economy/article/3330018/chinas-fourth-plenum-wraps-editorial-hails-system-anchor-stability?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330018/chinas-fourth-plenum-wraps-editorial-hails-system-anchor-stability?utm_source=rss_feed Thu, 23 Oct 2025 05:01:01 +0000 Sylvia Ma Sylvia Ma Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds. Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government’s target of “around 5 per cent” remains “largely on track”. The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent,... https://www.scmp.com/economy/china-economy/article/3329776/foreign-banks-raise-china-gdp-forecast-goldman-sachs-says-annual-target-largely-track?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3329776/foreign-banks-raise-china-gdp-forecast-goldman-sachs-says-annual-target-largely-track?utm_source=rss_feed Tue, 21 Oct 2025 08:01:45 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China’s economy grew by 4.8 per cent in the third quarter, even with a near-unprecedented decline in fixed-asset investment, keeping the country on track to hit its full-year growth target of “around 5 per cent” amid the US trade war. Output in the first nine months expanded by 5.2 per cent year on year, according to data released on Monday. Fixed-asset investment dropped 0.5 per cent in the period, the first decline, excluding the Covid pandemic, since China began releasing monthly data in... https://www.scmp.com/plus/article/3329659/chinas-economy-brushes-us-tariffs-ahead-trump-xi-meeting?utm_source=rss_feed https://www.scmp.com/plus/article/3329659/chinas-economy-brushes-us-tariffs-ahead-trump-xi-meeting?utm_source=rss_feed Mon, 20 Oct 2025 09:00:20 +0000 Yuanyue Dang Yuanyue Dang China’s ruling Communist Party kicked off a key four-day conclave on Monday that will determine the country’s development over the next five years. The fourth plenum of the party’s Central Committee began on Monday morning, according to state news agency Xinhua. Party General Secretary Xi Jinping, who is also the nation’s president, delivered a work report to the meeting and outlined the party’s proposals for the next five-year plan, which will be submitted for deliberation, a brief report said... https://www.scmp.com/news/china/politics/article/3329656/chinas-communist-party-kicks-fourth-plenum-amid-tightened-security-beijing?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3329656/chinas-communist-party-kicks-fourth-plenum-amid-tightened-security-beijing?utm_source=rss_feed Mon, 20 Oct 2025 07:30:36 +0000 Xinyi Wu Xinyi Wu For decades, the annual target for gross domestic product growth was the most critical policymaking benchmark across China. In pursuit of that all-important figure, officials around the country embarked on a spree of infrastructure investment, industrial expansion and resource mobilisation that helped make China the world’s second-largest economy and lift 800 million people out of poverty. But as growth rates have slowed, that outlook may have lost some of its resonance. Attention has turned to... https://www.scmp.com/economy/china-economy/article/3329642/china-drafts-its-next-5-year-plan-gdp-still-magic-number?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3329642/china-drafts-its-next-5-year-plan-gdp-still-magic-number?utm_source=rss_feed Mon, 20 Oct 2025 06:23:22 +0000 Carol Yang Carol Yang China can sustain annual growth of 4.5 to 5 per cent over its next five-year plan period, former finance vice-minister Zhu Guangyao has said, just days ahead of a key Communist Party conclave to roll out the 2026-2030 blueprint. “We have full confidence that we will accomplish the economic development goal this year. The economic growth will be around 5 per cent,” Zhu said at a conference in Beijing on Friday, hosted by the Chongyang Institute for Financial Studies at Renmin University. “I... https://www.scmp.com/news/china/article/3329570/chinese-economy-can-grow-5-until-2030-ex-finance-vice-minister-zhu?utm_source=rss_feed https://www.scmp.com/news/china/article/3329570/chinese-economy-can-grow-5-until-2030-ex-finance-vice-minister-zhu?utm_source=rss_feed Sun, 19 Oct 2025 12:00:15 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow China’s top policymakers will head to a key five-year plan meeting next week with more bad news about the property slump that has hobbled the country’s economy for years. Nationwide primary property sales are set to fall 8 per cent this year, and as much as 7 per cent in 2026, S&P Global Ratings said on Thursday, extending a slowdown that has pushed developers into default and destroyed value for homeowners. New-home prices in 70 cities fell 0.3 per cent in August, extending a slide that began... https://www.scmp.com/plus/article/3329343/five-year-plan-meeting-trade-war-heats-economic-data?utm_source=rss_feed https://www.scmp.com/plus/article/3329343/five-year-plan-meeting-trade-war-heats-economic-data?utm_source=rss_feed Fri, 17 Oct 2025 09:00:09 +0000 Haining Gao Haining Gao To view the Post’s coverage of China’s 15th five-year plan, follow this link. https://www.scmp.com/plus/article/3329365/market-reforms-chinas-15th-five-year-plan?utm_source=rss_feed https://www.scmp.com/plus/article/3329365/market-reforms-chinas-15th-five-year-plan?utm_source=rss_feed Fri, 17 Oct 2025 06:22:44 +0000