China's annual Two Sessions concluded on March 13, 2026, with the formal approval of the 15th Five-Year Plan (2026–2030), a blueprint prioritizing technological self-reliance, green energy expansion, and economic stability amid global uncertainties. The plan sets a moderate GDP growth target of 5% annually while allocating 2.8% of GDP to research and development, signaling intensified focus on AI, quantum computing, and renewable energy infrastructure.
Premier Li Qiang emphasized during the closing session that the plan aims to 'balance high-quality development with risk prevention,' particularly in property market stabilization and local debt management. Analysts note the inclusion of rural revitalization initiatives and cross-strait economic integration measures, with expanded market access for businesses from the Taiwan region.
This year's meetings saw heightened attention to climate resilience, with a pledge to increase non-fossil energy consumption to 25% by 2030. The policies are expected to influence supply chains across Asia, particularly in semiconductor manufacturing and EV battery production.
