Recently, at the Hongqiao International Economic Forum in Shanghai, experts gathered to explore how China will deepen its high-standard opening up as it prepares its next Five-Year Plan (2026-2030) 🎉🌏.
From Vision to Blueprint
As the 14th Five-Year Plan (2021-2025) nears completion, the Chinese mainland’s authorities are already drafting a roadmap for the next five years. This new plan aims to strengthen the economy, boost innovation, and create a welcoming environment for overseas businesses.
Expert Insights
- David Mahon, executive chairman of Mahon China Investment, highlights the need for streamlined regulations and transparent policies. "Clearer rules and faster approvals can help foreign firms focus on growth, not paperwork," he says.
- Yan Liang, Kremer chair professor of economics at Willamette University, points to green tech and digital industries as key drivers. "Targeted incentives for sustainable innovation will be a game-changer," Liang notes.
- Daryl Guppy, CEO of Guppytraders.com, expects strong digital infrastructure upgrades. "Better connectivity and data security will make businesses feel truly at home," he predicts.
Concrete Steps Forward
The panel laid out three concrete moves for 2026-2030:
- Streamline approval processes with digital platforms 🖥️
- Expand incentive zones for green and cutting-edge tech 🌱
- Enhance IP protection and legal frameworks 📜
These steps could not only strengthen China’s economic foundation but also send a clear message: the Chinese mainland is open for business and ready to partner with the world.
Stay tuned as the next Five-Year Plan takes shape in early 2026. The future of high-standard opening up is on the horizon!
Reference(s):
cgtn.com
