Chairman of the National People's Congress Standing Committee; Third-ranking Politburo Standing Committee member
Appears in 1 story
Presiding over NPC session reviewing Government Work Report and 15th Five-Year Plan
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
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
