Published on: 2026-07-29
Source: People’s Republic of China — Translation
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Beijing, July 29 /Xinhua/ — China, entering a new phase of implementing the 15th Five-Year Plan (2026-2030), intends to focus on six key areas to achieve high-quality development, said Yang Te, deputy head of the State Development and Reform Commission (SDRC) of China, during the latest edition of the multi-media discussion program “China Economic Roundtable,” organized by Xinhua News Agency, on Wednesday.
He noted that the next phase requires coordinated efforts to improve the population’s welfare, expand domestic demand, and develop the domestic market.
It is necessary to increase attention to the formation of new growth drivers, improve the economic structure, and elevate it to a new level. “High-quality development without innovation is like water without a source and a tree without roots,” said the official.
At the same time, it is necessary to strengthen the capacity in the field of security and increase the resilience of economic development, he said, emphasizing the importance of ensuring food and resource-energy security, as well as the reliability of production and supply chains.
Among the priority directions, according to him, are also deepening reforms and expanding openness, promoting coordinated development of cities and rural areas, as well as accelerating the green transformation.
By the end of the first half of 2026, the Chinese economy grew by 4.7 percent, while the established target for economic growth for the year is between 4.5 and 5 percent.
“During a period of heightened global instability and unpredictability, the Chinese economy demonstrates remarkable resilience and certainty,” stated Yan Te.
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