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Multiple foreign media focus on China's "15th Five-Year Plan":ining policy continuity and increasing the promotion of self-reliance

On October 23, the Communist Party of China's Twenty-Fourth Plenary Session of the Central Committee of the Communist Party of China announced that the plenary session highlighted the major achievements achieved by China's development during the "14th Five-Year Plan", pointed out the six principles that must be followed in the "15th Five-Year Plan", clarified the main goals of development, and implemented twelve major deployments.

Reuters noted that during the 15th Five-Year Plan period, China vowed to build a modern industrial system, "maintain a reasonable proportion of manufacturing industry and build a modern industrial system with advanced manufacturing industry as the backbone". The media commented that under the current international background, China will continue to seek a better policy balance in the future. In addition, Reuters quoted Xu Tianchen, a senior economist at the Economist Intelligence Unit, as saying that one of the highlights of the communique was the mention of "investing in people". Reuters also believes that China's strong industrial policies have built a sophisticated domestic supply chain system and occupied a global dominant position in many fields. This also gives China stronger confidence in trade competition with the United States.

The British "Financial Times" is concerned about the "significant improvement in the level of scientific and technological self-reliance" mentioned in the communiqué. The Financial Times quoted Bert Hoffman, a professor at the National University of Singapore, as commenting on the communiqué,"I think it has a lot of continuity and little change." Hoffman said this emphasis on continuity has a "tactical" meaning."There are a lot of things happening in the world and turmoil, but China continues to implement its socialist modernization plan."

The Associated Press quoted Sun Xin, a senior lecturer in China and East Asian business at King's College London, as saying,"The overall impression given by the communiqué is that it emphasizes much more continuity than change." The report also quoted Wu Zhuoyin, senior economist at the French Foreign Trade Bank, as saying that compared with the "14th Five-Year Plan", the China government is increasing efforts to promote technological self-reliance, income redistribution and further transition to clean energy. Wu Zhuoyin said that in the current international economic and trade environment, China has successfully maintained export growth by turning to other markets. The release of the communiqué shows that the China government is confident in using domestic policy tools to deal with external threats.

Bloomberg focused on the two contents and related details of "self-reliance in science and technology" and "building a strong domestic market" mentioned in the communique, saying that China should build a sustainable growth engine while protecting its domestic economy from external pressure. In response to the "high-level scientific and technological self-reliance and self-reliance" mentioned in the communique, Bloomberg commented that this reflects that China is improving productivity and achieving self-reliance despite the West imposing export restrictions on high-tech. In response to the "boosting consumption" mentioned in the communique, Bloomberg said that economists have long believed that this measure is crucial to promoting a more balanced growth of China's economy.

The Wall Street Journal of the United States believes that amid increasing competition between China and the United States, China's "New Five-Year Plan emphasizes self-reliance and the development of advanced manufacturing industries."

Ukraine's "Unn.ua" website paid attention to the communique on the 23rd. The media said that China will focus on self-reliance and innovation in science and technology during the "15th Five-Year Plan" period, adhere to the direction of intelligence, greening and integration, and resolutely break down the obstacles to the construction of a unified national market. The Russian website "spbvedomosti.ru" said on the 23rd that the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China reviewed and approved the Proposal of the Central Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development. According to the report, it is expected that China will take measures to build a modern industrial system, consolidate and strengthen the foundation of the real economy, optimize and upgrade traditional industries, and cultivate and expand emerging industries and future industries.

The communiqué shows that China attaches great importance to technological innovation and self-sufficiency, which is consistent with the current five-year plan to end this year.

South Korea's Seoul Economy reported that under the background of the ongoing Sino-US trade war and the increasing competition between the two sides in the field of cutting-edge technology, the Fourth Plenary Session of the Central Committee of the Communist Party of China, which revealed China's future development direction, received more attention. South Korea's "Daily Economic" analysis believes that China's development blueprint for the next five years proposed at this meeting is regarded as a response to the increasingly fierce competition with the United States in cutting-edge industries such as semiconductors and artificial intelligence. The report also stated that some people believe that China intends to break through the restrictions imposed by the United States on China in many fields such as semiconductors by reducing its dependence on Western technology.

The financial analysis department of the Dutch multinational financial services company ING Think said that the communiqué demonstrated that the core concerns of China's policy remained basically unchanged, modernization, innovation, self-rehabilitation and expansion of domestic demand remained the core issues.ING Think said that the market was highly concerned about the "expansion of domestic demand" section mentioned in the communiqué. In addition, the communiqué is positive, and the macro-level directional guidelines, such as improving people's livelihood, promoting the supply and demand cycle, vigorously boosting consumption, and improving the macroeconomic governance system, are all positive topics.

ING Think concluded that the communiqué shows that at the current stage, the "15th Five-Year Plan" is likely to continue the macro strategic direction conveyed to the market many times before. China is steadily promoting the upgrading of its manufacturing industry and the leap of its value chain, and using technological innovation and consumption upgrading as the dual engines of future growth. There are few shortcuts to transformation, but this transformation is ultimately indispensable for China to move towards a new stage of development.



News raw data sources → https://world.huanqiu.com/article/4OrIhd84YzA

17WorldNews[2025.10.24-19:51] 访问:54
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