The Communist Party of China concluded the Fourth Plenary Session of its 20th Central Committee in Beijing, finalizing the broad framework for the country’s 15th Five-Year Plan, covering 2026-2030. The session, chaired by President Xi Jinping, brought together 168 members and 147 alternates to debate the direction of China’s next stage of development.
The final Communiqué, issued Oct. 23, which emphasized achieving “the miracles of rapid economic growth and long-term social stability, opening up new horizons for Chinese modernization,” indicated three main priorities:
1. Industrial modernization: China commits to “build a modernized industrial system” focused on advanced manufacturing, smart and green technology, and upgraded infrastructure. The goal is to maintain “focus on the real economy” while also achieving high-quality growth in the service sector.
It is an absolute rarity, in Trump’s United States, Merz’s Germany, or Macron’s France, to hear a State of the Union address or see any similar document, that asserts as a goal, “a modernized industrial system should be developed with advanced manufacturing as its backbone.”
