Latest news with #15thFive-YearPlan
Barnama
21-05-2025
- Business
- Barnama
CGTN: China's Path To Modernisation Through High-Quality Development, Efficient Governance
KUALA LUMPUR, May 21 (Bernama) -- Chinese President Xi Jinping emphasised the importance of high-quality development and efficient governance during his recent inspection tour of Henan Province, as reported by China Global Television Network (CGTN). In a statement, CGTN said the tour spotlighted the region's strides in modern manufacturing, scientific innovation, and public sector efficiency as part of China's broader modernisation goals. A key stop on the visit was Luoyang Bearing Group Co Ltd, a traditional manufacturer that has embraced digital transformation and industrial upgrading. The firm now operates a leading domestic bearing test platform for sectors such as aerospace, wind power, and new energy vehicles, and has achieved full digitalisation using technologies such as 5G Industrial Internet of Things (IoT). President Xi lauded the company's innovations and called for deeper efforts in core technological breakthroughs and independent innovation. Xi's visit highlighted the province's role in spearheading new productive forces. Henan currently boasts over 12,000 high-tech enterprises, 27 provincial laboratories, and has seen a 62.3 per cent annual growth in technology contract transaction volume. These advances are driving sectors such as new materials, biomedicine and food technology. To support the private sector, Henan recently launched an action plan focused on innovation, market development, and talent attraction. Xi urged local leaders to align sci-tech innovation with regional strengths to build a modern industrial system. Cultural preservation was also a theme of Xi's tour. He visited White Horse Temple and the Longmen Grottoes, praising efforts to integrate culture and tourism as a means to strengthen both identity and the local economy. On governance, Xi underscored the need for efficient, law-based, and intelligent public administration. Henan has implemented smart governance tools, such as artificial intelligence-powered service platforms, to improve service delivery and reduce bureaucratic burdens on local communities. These initiatives reflect a national trend toward e-governance and rule-of-law-driven social management. As China prepares for its 15th Five-Year Plan (2026–2030), Xi reiterated the importance of harmonising development and security, ensuring that modernisation is supported by effective grassroots governance and social stability.
The South African
20-05-2025
- Politics
- The South African
Newspaper headlines from around the world - Tuesday, 20 May 2025
A bundle of newspapers on the table. Image: The South African/CANVA Here are the stories that made headlines on the front pages of newspapers worldwide on Tuesday, 20 May 2025. The Jerusalem Post's front page reported that the Prime Minister said the IDF is overtaking Gaza to block Hamas's access to aid. China Daily's front page reported that the compilation of the 15th Five-Year Plan has been prioritised. The front page of Hindustan Times reported: 'No N-signal, Pakistan wasn't tipped off — Misri tells the panel.' If you wish to stay up-to-date – for FREE – on the latest international and South African news, then bookmark The South African website for all that plus the latest in the world of finance, sport, lifestyle – and more. Did we mention it was 100% free to read …? Test your B20 knowledge with this 2-minute survey – AND WIN R2 000!
Yahoo
20-05-2025
- Business
- Yahoo
Global Times: Xi stresses high-quality 15th Five-Year Plan compilation
BEIJING, May 19, 2025 /PRNewswire/ -- President Xi Jinping has stressed sound, democratic, and law-based decision-making to ensure China's next five-year plan for national economic and social development is formulated in high quality, Xinhua News Agency reported on Monday. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks in a recent instruction on the work concerning the compilation of the 15th Five-Year Plan (2026-2030). Xi noted that the scientific formulation and consistent implementation of five-year plans stand as an important piece of experience in the CPC's approach to governing the country, per Xinhua. The formulation and implementation of the 15th Five-Year Plan holds immense significance for fully realizing the strategic initiatives outlined at the 20th CPC National Congress and advancing Chinese modernization, Xi said. The Chinese leader emphasized the importance of integrating top-level design with seeking advice from the public, enhancing research and discussions, and building broad consensus, Xinhua reported. Starting from 2026, China will embark on the implementation of the 15th Five-Year Plan for economic and social development. Currently, the CPC Central Committee is organizing the drafting of proposals for this plan, and relevant departments are gearing up to solicit opinions and suggestions from officials, the general public, as well as experts and scholars through various channels in the near future. China's five-year plan is a key guiding document for medium-to-long-term economic and social progress, which outlines the country's overall goals, major tasks and policy orientation across various sectors over a five-year period, according to Xinhua. Since its first launch in the 1950s, the five-year plan has been serving as a blueprint for China's overall development. The formulation process operates through a well-structured framework that combines the centralized, unified leadership of the CPC Central Committee with extensive democratic participation. In 2020, Xi led the drafting group for proposals for formulating the 14th five-year plan and long-range objectives through 2035. He presided over seven symposiums within three months to seek suggestions from representatives from all walks of life, Xinhua reported. High-quality development The 15th Five-Year Plan of the country will be a crucial five-year plan for China to achieve the goal of basically realizing socialist modernization by 2035, analysts said. "The planning must focus on the goal of basically realizing socialist modernization, with a view to building a great country and advancing national rejuvenation," Xi said at a symposium on China's economic and social development in the 15th Five-Year Plan period (2026-2030) on April 30, 2025. In planning economic and social development for the next five years, it is necessary to adapt to changing situations and grasp strategic priorities, said Xi. "We must unswervingly manage our own affairs well, and stay committed to expanding high-standard opening up," the Chinese leader said, per Xinhua. Speaking after listening to opinions and suggestions from leading officials of several provincial regions, Xi said higher strategic priority must be given to fostering new quality productive forces in line with local conditions in the next five years, Xinhua reported. Xi chaired a CPC leadership meeting on economic situation and work on April 25. It was noted at the meeting that China has seen its economy improve this year, with public confidence continuously boosted and solid progress made in high-quality development. Li Changan, a professor at the Academy of China Open Economy Studies at the University of International Business and Economics, told the Global Times that the scale of China's economic development has further expanded and substantial progress has been made in high-quality development. The new plan is set to address current and new situation, grasp new development opportunities. During the 15th Five-Year Plan period, attention should be paid to the new changes and opportunities brought by technological advancements, represented by artificial intelligence and the digital economy, Li said, adding that strategic deployments are needed to deeply integrate these new technologies with industrial advantages to ensure that China stands at the forefront of the new wave of technological revolution. Su Wei, a professor at the Party School of the CPC Chongqing Municipal Committee, told the Global Times thatthe country's upgrading manufacturing sector lays a solid foundation for high-quality development in the 15th Five-Year Plan period. Improving people's livelihoods will also remain a central focus, Su said, listing areas including raising household incomes, expanding consumption, strengthening the private economy, and stabilizing employment. Ensuring devt and security At the April 30 symposium in Shanghai, Xi said that greater emphasis should be placed on ensuring both development and security, with a comprehensive assessment of domestic and external risks and challenges. The CPC leadership meeting on April 25 noted that foundation for China's sustained economic recovery needs to be further consolidated, and the country faces increasing impact from external shocks, according to Xinhua. The meeting noted that it is imperative to coordinate domestic economic work and endeavors in the international economic and trade field, unswervingly manage the country's own affairs well, stay committed to expanding high-standard opening up, focus on keeping employment, businesses, markets and expectations stable, and deal with the uncertainty of drastic changes in the external environment with the certainty of the country's high-quality development. According to Li, assessing the development environment and emerging trends is a critical part in drafting the development plan. Regarding the international environment, the world has entered a period of turbulence and transformation; the competition among major powers has further intensified, and geopolitical conflicts and security risks have increased as well, Su remarked. These challenges also contain new opportunities – the domestic circulation may be further strengthened during the 15th Five-Year Plan period and new quality productive forces further develop to promote more balanced cross-regional and urban-rural growth, Su said. The status of countries along the Belt and Road in China's foreign trade will continue to rise. The momentum in services and digital trade is likely to persist, with more competitive Chinese products and services expected to enter the global market during the upcoming period, according to the expert. Kin Phea, director general of the International Relations Institute of the Royal Academy of Cambodia, told the Global Times that "In a time of rising global uncertainty marked by geopolitical tensions, economic fragmentation, and environmental challenges, the long-term orientation of China's 15th Five-Year Plan will provide much-needed stability and predictability for both domestic stakeholders and international partners, including investors and multilateral institutions." Building on China's tradition of setting clear, measurable objectives and executing them with discipline, it will serve as a dependable roadmap for those engaged in trade, infrastructure, and supply chain cooperation with China, Kin Phea noted. Crucially, it is likely to align with China's 2035 modernization goals and its 2060 carbon neutrality pledge, reinforcing a trajectory of gradual, well-calibrated reform. In an increasingly uncertain global environment, China's systematic and forward-looking planning continues to serve as a global stabilizing force, offering great opportunity to a wide array of stakeholders, said the expert. This article first appeared in Global Times: View original content: SOURCE Global Times Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
14-05-2025
- Business
- The Star
China's economic planner holds symposium to hear from private firms
BEIJING, May 14 (Xinhua) -- China's top economic planner on Wednesday held a symposium for private enterprises to gather opinions on current economic conditions and the implementation of policies on stabilizing employment and growth. Attendees shared insights on industry performance and proposed measures to support the high-quality development of private businesses at the symposium, which was chaired by Zheng Shanjie, head of China's National Development and Reform Commission (NDRC). Private firms acknowledged enhanced resilience against external risks, emphasizing their focus on innovation, market diversification and stable operations. Despite challenges, participants expressed confidence in their long-term prospects. They highlighted the introduction of the private sector promotion law as a milestone bolstering legal safeguards for the sector. Suggestions included prioritizing private-sector support in the upcoming 15th Five-Year Plan (2026-2030). Zheng stressed the need to align macro policies with micro-level business needs, pledging to improve regular government-business communication mechanisms. He pledged to expedite policy implementation and address sector-specific challenges to stabilize employment, businesses and market expectations. The NDRC will advance the drafting of the 15th Five-Year Plan and ensure the effective roll-out of policies supporting private enterprises, he added.
The Star
11-05-2025
- Business
- The Star
U.S. should abandon "China Collapse" narrative, cherish China's goodwill in tariff talks: economist
BEIJING, May 11 (Xinhua) -- The United States should cherish China's goodwill and sit down for a sincere talk rather than peddle the unfounded "China Collapse" narrative, a Chinese economist wrote in a signed article provided to Xinhua, emphasizing China's robust economic performance this year. "We should let facts, not slanders, speak about China's economic performance, and the world would have a fair judgment," wrote Dong Yu, executive vice president of the China Institute for Development Planning at Tsinghua University, in the article titled "China's Economic Fundamentals from the Perspective of Macroeconomic Regulation." Citing solid figures in China's economic growth, employment, price stability, and the balance of international payments this year, the article said, "Few major economies have managed to maintain stable performance across all the four key targets as China has." Meanwhile, he wrote that the U.S. GDP contracted at an annualized rate of 0.3 percent quarter-on-quarter in the first quarter of 2025, and hiring at U.S. companies in April slowed to its lowest pace in nine months, among other sluggish indicators. The article said China has not underestimated the challenges posed by external environmental changes to its domestic economy, noting that a series of incremental policies have recently been introduced to address both the direct and indirect impacts of the tariff war. Multiple leading global investment institutions have forecast steady growth for China's economy in 2025, and the country's forthcoming 15th Five-Year Plan is poised to unlock new opportunities for global investors, injecting certainty into the development of both China and the world, he wrote. In contrast, the United States was aggressive when instigating the tariff war, but has turned a blind eye to calls from its people, according to the article. "To this day, no systemic policies have been introduced on the people's livelihoods; instead, the United States has concentrated efforts on partisan fights and manipulating the capital markets." If a government fails to engage in long-term planning, lacks human capital and infrastructure, has uncoordinated industrial and supply chains, and does not even lead in automation or robotics, then claiming it can revive manufacturing through tariffs is nothing short of a "ghost story," he wrote. The recent changes in the U.S. stock market do not signify a restoration of confidence, according to the article. "On the contrary, they reflect international capital's observation that China has neither abandoned goodwill nor closed the door to negotiations." "Of course, such goodwill and patience won't be unlimited," he wrote, "and absolutely do not apply to those who persist in unscrupulous coercion, extortion, and reneging on commitments." What the United States truly needs now is to cherish China's goodwill, demonstrate its own sincerity, and engage in earnest negotiations, rather than pinning hopes on the baseless "China Collapse" narrative, which will never materialize, according to the article.
