ChinaZhōngguó中国to approvepīzhǔn批准the 15thdì shíwǔ gè第十五个Five-Year Planwǔnián guīhuà五年规划，to setshèdìng设定4.5 to 5 percentbǎifēnzhī sì diǎn wǔ zhì bǎifēnzhī wǔ4.5%至5%growthzēngzhǎng增长targetmùbiāo目标。
March 13, 2026 at 10:00 AM
New Words
News in English
BusinessChina Approves 15th Five-Year Plan with 4.5 to 5 Percent Growth Target
China officially approved its 15th Five-Year Plan in March 2026, setting an annual average GDP growth target of 4.5 to 5 percent with technological self-reliance and economic security as its core themes. The plan also targets raising the digital economy share of GDP to 12.5 percent by 2030.
China's 15th Five-Year Plan was officially approved on March 12, 2026, establishing the economic development direction for 2026 to 2030.
The new plan set an annual average GDP growth target of 4.5 to 5 percent, marking the lowest growth rate target since reform and opening up.
The plan's core themes are technology self-reliance and self-strengthening as well as economic security, signifying a major shift in China's economic development strategy.
Regarding scientific research investment, the government plans to increase nationwide R&D spending by approximately 7 percent over the next five years.
Digital economy is a key priority sector of this plan, with the target of digital economy accounting for 12.5 percent of GDP by 2030.
The plan calls for accelerating traditional industry upgrading, while vigorously cultivating emerging and future industries.
Analysts pointed out that this plan marks China's transformation from investment-driven growth toward technology and innovation-driven growth.
Regarding external pressure, the plan emphasized the importance of maintaining industrial supply chain stability when facing trade friction.
More in Business
MomentaMóméng tǎ摩蒙塔Hong KongXiānggǎng香港listedshàngshì上市fundraisingróngjī融资$752 million7.52 yì měiyuán7.52亿美元
Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise
Samsung (South Korean electronics company)Sānxīng三星、SK Hynix (South Korean memory chipmaker)SK HǎilìshìSK海力士and / together withyǔ与Micron (US semiconductor company)Měiguāng美光to race to / to vie injìngxiāng竞相to expand / to increasekuòdà扩大AI / artificial intelligenceAIAImemory (computing)nèicún内存chip / semiconductor chipxīnpiàn芯片production capacitychǎnnéng产能。
Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity
ChinaZhōngguó中国artificial intelligenceréngōng zhìnéng人工智能companygōngsī公司MiniMax (Chinese AI company)MiniMaxMiniMaxto completewánchéng完成$2 billionèrshí yì měiyuán二十亿美元fundraising / financingróngzī融资。
Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale
PepsiCoBǎishì Gōngsī百事公司earnings / performanceyèjī业绩lower than / belowdīyú低于expectation / forecastyùqī预期，the United StatesMěiguó美国stock marketgǔshì股市slightly / marginallyxiǎofú小幅to rise / to increaseshàngzhǎng上涨。
PepsiCo Earnings Disappoint as US Stocks Edge Higher