China is set to make the development of new quality productive forces one of the top priorities of its next five-year plan, as policymakers seek to upgrade the nation's industrial structure, spur innovation-driven growth, and reinforce confidence in the long-term outlook of the world's second-largest economy, said officials, experts and global executives. 官员、专家及全球企业高管表示，中国计划将发展新质生产力列为下一个五年规划的重点任务之一，政策制定者正致力于推动产业结构升级、激发创新驱动型增长，并增强对这一世界第二大经济体长期发展前景的信心。 The new blueprint will serve as a crucial bridge between the current phase of recovery and China's goal of basically achieving socialist modernization by 2035. Experts said it underscores the country's resolve to reinvigorate growth amid domestic structural pressures and rising global uncertainties, steering the economy toward new drivers such as advanced manufacturing, green transformation and digital innovation. 这份新蓝图将成为当前复苏阶段与中国2035年基本实现社会主义现代化目标之间的重要桥梁。专家指出，这凸显了中国在国内结构性压力和全球不确定性上升的背景下重振增长的决心，推动经济向先进制造业、绿色转型和数字创新等新动力方向发展。 Their comments came as the market is closely watching the draft proposals for the 15th Five-Year Plan (2026-30), as the 20th Central Committee of the Communist Party of China is holding its fourth plenary session in Beijing to deliberate on the drafting of the blueprint for China's development over the next five years. 他们的表态正值市场密切关注“十五五”规划草案之际，中共二十届四中全会正在北京召开，审议未来五年中国发展蓝图的编制工作。 President Xi Jinping shed light on the likely key priorities in Shanghai in April as he presided over a symposium on China's economic and social development in the 15th Five-Year Plan period and delivered an important speech. 4月，习近平主席在上海主持“十五五”时期经济社会发展座谈会并发表重要讲话，阐明了未来五年可能的重点任务。 Xi, who is also general secretary of the CPC Central Committee, said higher strategic priority must be given to fostering new quality productive forces in line with local conditions in the next five years. 作为中共中央总书记，习近平强调，未来五年必须结合地方实际，把培育新质生产力摆在更突出的战略位置。 Highlighting the roles of technological innovation and the real economy, he called for efforts to transform and upgrade traditional industries, develop emerging industries, and make forward-thinking arrangements for industries of the future, in order to accelerate modernization of the industrial system. 习近平主席强调科技创新和实体经济的重要作用，呼吁着力推动传统产业转型升级、发展战略性新兴产业、前瞻布局未来产业，以加快推进工业体系现代化。 Robin Xing, chief China economist at Morgan Stanley, said his team believes that China will remain committed to deepening the economic transition anchored in technology and innovation to secure the supply chain and energy self-sufficiency. "We expect a tech-and supply-driven framework." 摩根士丹利首席中国经济学家邢自强表示，其团队认为中国将继续致力于深化以科技和创新为核心的经济转型，保障供应链和能源自给自足，“我们预计将形成一个以科技和供应链为驱动的框架”。 Zhang Ning, senior China economist at UBS Investment Bank, said China is likely to continue offering support in fundamental and frontier research, and in self-sufficiency technology bottleneck areas during the next five years. 瑞银投资银行高级中国经济学家张宁指出，未来五年中国可能会继续支持基础研究和前沿研究，并在关键技术“卡脖子”领域助力自主可控。 "We think fostering 'high-quality growth' will likely be the top priority over the next decade, mainly driven by innovation and total factor productivity growth," Zhang added. 她补充道：“我们认为，未来十年‘高质量增长’有望成为首要任务，这一增长将主要由创新和全要素生产率提升驱动”。 A meeting of the Political Bureau of the CPC Central Committee, chaired by Xi in late September, discussed major issues related to the formulation of the 15th Five-Year Plan for national economic and social development. 9月底，习近平主席主持召开中共中央政治局会议，研究“十五五”时期国民经济和社会发展规划编制的重大问题。 The meeting stressed the need to remain committed to high-quality development, foster new quality productive forces in line with local conditions, and comprehensively deepen reform while further expanding high-level opening-up. 会议强调，要坚持高质量发展，结合地方实际培育新质生产力，全面深化改革并进一步扩大高水平对外开放。 Citing research topics for the next five-year plan released by the National Development and Reform Commission, the country's top economic regulator, Ye Fan, an analyst at Southwest Securities, said the scope of studies under the upcoming five-year plan has expanded significantly, with newly added topics accounting for about 50 percent of the total. 西南证券分析师叶凡援引中国最高经济调控机构国家发展和改革委员会发布的“十五五”规划研究课题指出，下一个五年规划的研究范围大幅扩大，新增课题约占总数的50%。 "Among them, subjects related to technological innovation and industrial development increased by 80 percent and 64 percent, respectively," Ye noted. "The topics cover key areas such as global technological and industrial transformation, talent development and innovation capacity building. In terms of industrial priorities, the focus is placed on key areas including the digital economy, artificial intelligence, services and healthcare." 其中，科技创新和产业发展相关课题占比分别提升80%和64%，涵盖全球科技产业变革、人才培养、创新能力建设等关键领域；产业重点则聚焦数字经济、人工智能、服务业、医疗健康等方向。 According to Ye, policymakers will place greater emphasis on development quality, efficiency and sustainability in the next five years. "It will drive industrial upgrading through technological innovation, deepen the integration of the digital and real economies, and promote a comprehensive green transformation of China's economy and society." 叶凡表示，未来五年政策制定者将更注重发展质量、效率和可持续性，通过科技创新推动产业升级，深化数字经济与实体经济融合，促进中国经济社会全面绿色转型。 In March 2024, Zheng Shanjie, head of the NDRC, told a symposium that the planning of the 15th Five-Year Plan will fully take into account the practical requirements for developing new quality productive forces. 2024年3月，国家发展和改革委员会（NDRC）主任郑栅洁在一场座谈会上表示，“十五五”规划编制将充分考虑发展新质生产力的实际需求。 He said policymakers will focus on identifying key tasks and foundational projects to promote the growth of new quality productive forces as they set major goals, strategic missions, reform measures, and large-scale projects for the next stage of China's economic and social development. 他指出，政策制定者在确定下一阶段中国经济社会发展的主要目标、战略任务、改革举措和重大项目时，将重点明确推动新质生产力发展的关键任务和基础性项目。 Hu Yuwei, chief policy analyst at China Securities, said the next five-year blueprint will place greater emphasis on innovation-driven growth, green and low-carbon development, and digital transformation to adapt to the trends of globalization and informatization. 中国证券首席政策分析师胡玉玮表示，下一个五年规划蓝图将更加强调创新驱动增长、绿色低碳发展和数字化转型，以适应全球化和信息化趋势。 China's innovation capacity has risen rapidly over the past few years. According to the "Global Innovation Index 2025" report released by the World Intellectual Property Organization, China has risen to 10th place in the global innovation ranking for 2025, up one spot from last year, marking its first entry into the top 10. 过去几年，中国创新能力快速提升。根据世界知识产权组织发布的《2025年全球创新指数》报告，中国2025年全球创新排名升至第10位，较上年提升1位，首次进入前十。 However, Hu cautioned that challenges remain. "Our basic research remains relatively weak, with insufficient concentration of scientific resources and a lack of systematic advantage in original innovation." 不过，胡玉玮也提醒，挑战依然存在。“我国基础研究相对薄弱，科技资源集中度不足，原始创新缺乏系统性优势。” Hu suggested that during the next five years, China should strengthen its national strategic science and technology capacity, enhance self-reliance in core technologies, and promote advanced, smart and green manufacturing. 胡玉玮建议，未来五年，中国应强化国家战略科技力量，提升核心技术自主可控能力，推动先进制造、智能制造和绿色制造发展。 Global executives hailed China's ongoing efforts to foster new quality productive forces, saying that multinational corporations will see rising opportunities in the next few years. 全球企业高管对中国培育新质生产力的持续努力表示赞赏，认为跨国公司未来几年将迎来更多机遇
