The year 2026 marks the first year of the 15th five-year plan, and its initial period is crucial for shaping the future direction of China's economic and social development.
In a context where China faces a complex external environment and numerous domestic challenges, General Secretary of the Communist Party of China and Chinese President Xi Jinping focuses on key strategic tasks related to the new five-year period. The Chinese leadership has adopted a series of decisions and measures aimed at promoting high-quality economic development and ensuring a successful start to the 15th five-year plan.
In the first half of this year, China's GDP reached 69.6 trillion yuan, representing a year-on-year growth of 4.7 percent. According to published data, this was the highest increase for the same period in nearly five years.
The economic development in the second half of 2026 will play a key role. It will determine whether the annual goals of economic and social development are achieved.
Therefore, on July 30th, the Politburo of the Central Committee of the Communist Party of China discussed the main economic tasks for the second half of the year. The meeting emphasized the need to promote innovative, high-quality, and sustainable economic development, and outlined further steps for local governments and individual bodies.
On the occasion of the 105th anniversary of the founding of the Communist Party of China, Xi Jinping called on party members to strengthen confidence and continue their efforts to achieve long-term development goals.
According to the established plan, China aims to complete the building of a modern socialist country and achieve its second centenary goal by the middle of this century.
Xi Jinping emphasized that the country is now continuing on a new path of comprehensive modernization. According to him, it is necessary to work together to continue development, create a better future, and fulfill the expectations of the people for a higher quality of life.
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