China has outlined its economic roadmap for the coming years following the conclusion of the Central Economic Work Conference in Beijing, chaired by President Xi Jinping. The meeting set priorities for the year ahead as the country prepares to enter its 15th Five-Year Plan period from 2026 to 2030, focusing on macroeconomic stability, expanding domestic demand, upgrading supply chains, fostering innovation, and building a unified national market.
President Xi said that despite mounting global and domestic challenges, the foundations of China’s long-term economic growth remain intact. He called for strengthening confidence, addressing risks directly, and sustaining steady momentum as China moves toward its goal of achieving basic socialist modernization by 2035, including raising per capita income to the level of mid-range developed economies.
China’s economy has shown resilience amid external trade pressures and internal structural adjustments. Official data points to strong underlying activity, with tens of thousands of new businesses registered daily and large volumes of trade and data flows moving through the economy. International institutions including the IMF, World Bank, and OECD have raised their growth forecasts for China in 2025, citing stable performance and policy support.
Throughout the year, Xi conducted inspections across several regions, emphasizing the role of the real economy, manufacturing modernization, and innovation-driven growth. He reiterated support for private enterprises, backed by new legislation, investment incentives, and efforts to resolve overdue payments to companies. Innovation, particularly in digital and intelligent technologies such as artificial intelligence, has been positioned as a central pillar of future development.
Reform and opening up remain key tools in addressing future uncertainties. Recent measures have aimed to improve market access, reduce unfair competition, strengthen environmental governance, and expand opportunities for foreign investors, especially in services. Major multinational companies have continued to expand operations in China, reflecting sustained international interest despite global uncertainty.
President Xi reaffirmed China’s commitment to wider opening and fair competition, telling international business leaders that the country will continue to lower barriers, ensure equal treatment, and improve the business environment. Looking ahead, China plans to deepen trade and investment cooperation, advance Belt and Road projects, and share development opportunities with the global economy.
Economists view China’s long-term planning framework as a stabilizing force in an unsettled global landscape, noting that sustained reform, domestic demand expansion, and openness could reinforce China’s role as a major engine of global growth.
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