China's State Council convened a critical plenary meeting this week to finalize the draft government work report and outline the 15th Five-Year Plan (2026-2030), setting the stage for economic and social development strategies in the coming half-decade. The documents will undergo formal deliberation at March's legislative session, marking a pivotal step in shaping China's policy trajectory.
Key Focus Areas for 2026-2030
Premier Li Qiang emphasized the need to prioritize high-quality development through coordinated macro policies and structural reforms. "Front-loading fiscal effects and accelerating fund allocation will ensure swift policy results," he stated, highlighting plans to synchronize financial resources with infrastructure projects and innovation initiatives.
Stability Through Reform
The blueprint calls for balancing immediate economic stabilization with long-term competitiveness. Measures include stimulating domestic demand, creating new growth drivers, and addressing wage arrears to protect household incomes. Premier Li stressed the urgency of "stabilizing employment, markets, and expectations" while preparing for Spring Festival logistics and price stability.
New Growth Frontiers
Notably, the plan prioritizes breakthroughs in "new quality productive forces"—a term signaling advanced manufacturing and technological self-reliance. Sector-specific strategies will guide implementation, with cross-ministerial coordination to optimize major national projects.
