Key Facts
• October 28, 2025: Chinese Communist Party announces new five-year plan.
• Plan covers 2026–2030, focusing on domestic demand-driven economic growth.
• Aims to boost employment and income to enhance citizens’ purchasing power.
• Addresses global economic challenges like protectionism and hegemonism.
• Proposes strengthening global competitiveness in shipbuilding and chemical industries.
• Includes measures to reduce childbirth and childcare costs via subsidies and tax deductions.
• Plan to be reviewed and finalized at the National People’s Congress in 2026.
Summary
The Chinese Communist Party has outlined its 15th Five-Year Plan, targeting economic growth from 2026 to 2030 through domestic demand. Key goals include increasing employment, raising incomes, and enhancing citizens’ purchasing power to create a robust domestic market. The plan also aims to strengthen global competitiveness in key industries like shipbuilding and chemicals while preparing for potential economic decoupling from the United States. To address demographic challenges, it proposes reducing childbirth and childcare costs through subsidies and tax deductions. The plan will undergo review at the 2026 National People’s Congress before final approval.
