Late last month, the Standing Committee of the 14th Chinese People’s Political Consultative Conference National Committee concluded its 13th session. The primary focus of the session remained on drafting the country’s 15th Five-Year Plan (2026-2030).
In his address, a member of the standing committee of the Political Bureau of the Communist Party of China (CPC) Central committee and Chairman of the CPPCC National Committee urged experts to share their ideas.
He highlighted the need for efforts to ensure socialist modernisation by 2035, besides social and economic targets, strategic tasks, reform measures and construction projects outlined in the 15th Five-Year Plan period, as per CGTN.
Lot of pressure on Chinese economy in 2025
In the first half of 2025, China’s Gross Domestic Product (GDP) expanded by 5.3% YOY. Today, the external setting has become quite complex and China’s economy is facing a number of difficulties and challenges.
There is a lot of pressure on the Chinese economy. In order to meet its annual economic and social goals, it is necessary for the country’s macroeconomic policies to be strengthened in the remaining part of 2025.
It is necessary for authorities to implement more proactive fiscal policies and moderately relax monetary policies, according to China Daily. In addition to this, it is also important to stimulate the consumption potential by implementing necessary policies.
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