Chairman of the Chinese People's Political Consultative Conference (CPPCC)
Appears in 1 story
Opened the CPPCC annual session on March 4, 2026
China adopted five-year economic planning from the Soviet Union in 1953. Seventy-three years and fourteen plans later, the 15th Five-Year Plan unveiled at Beijing's annual Two Sessions on March 5, 2026, represents the clearest break from the growth-first model that powered China's rise since Deng Xiaoping's reforms in the 1980s. Under Xi Jinping, the plan elevates technological self-reliance and economic security, with $70 billion earmarked for semiconductor incentives, as Premier Li Qiang confirmed in his Government Work Report setting the 2026 GDP target at around 5%.
Updated Mar 5
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