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Investing.com -- China will focus on building a modern industrial system and accelerating technological self-reliance during 2026-2030, according to the ruling Communist Party’s Central Committee.
The announcement came Thursday following the conclusion of the party’s fourth plenum, as reported by official state news agency Xinhua.
The communique outlined several key priorities for China’s economic development over the next five years. These include strengthening the domestic market, expanding domestic demand, and improving people’s wellbeing.
Chinese officials emphasized plans to achieve "notable results in high-quality development" while making "new breakthroughs in deepening reforms." The plan specifically mentions goals to "greatly improve technology self-efficiency" and "strengthen original innovations."
Economic priorities in the communique include revitalizing consumption, expanding effective investment, and promoting the "high-quality development of property market." The document also stressed the importance of developing the real economy.
The Central Committee committed to accelerating the green transition of economic and social development while promoting common prosperity. Officials also stated their intention to "strive to achieve annual economic targets."
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