Ready for a deep dive? 🚀 Zheng Shanjie, the head of the National Development and Reform Commission (NDRC), just dropped the blueprint for the Chinese mainland’s economic game plan over the next five years. At the heart of his pitch: turbocharging the domestic market to reach full economic power by 2035.
In a star-studded meeting at the CPC Central Committee’s fourth plenary session, the 20th leadership laid out the recommendations for the 15th Five-Year Plan. Zheng made it clear that, like many top economies, the Chinese mainland must lean into its home turf—boosting internal demand, upgrading commodities, and unleashing new services. ¡Vamos!
Key moves include:
- Stimulating spending with smarter government funding in health, education, and livelihoods 💡
- Streamlining the market access negative list—cutting restricted fields from 328 to 106 industries by 2025 ✂️
- Building a unified national market: breaking down local protectionism, harmonizing rules, and strengthening supervision ⚖️
- Tackling involution-style competition to keep innovation alive and kickin’ 🚀
Whether you’re an investor, a student, or just love global trends, this plan is your VIP pass to the next chapter of the Chinese mainland’s growth story. Stay tuned as we follow the rollout of these bold moves—destined to reshape markets and spark new opportunities across Asia and beyond! 🌏✨
Reference(s):
China flags domestic market as key growth driver over next five years
cgtn.com
