The Central Political Bureau meeting set the tone for the 15th Five-Year Plan, sending out key economic signals for the second half of the year.

On July 30, 2025, the Political Bureau of the CPC Central Committee held a meeting and announced a major decision: This year The 4th Plenary Session of the 20th Central Committee of the Communist Party of China (referred to as the "4th Plenary Session of the 20th Central Committee") will be held in Beijing in October. The main agenda items of this plenary session include: the Political Bureau of the CPC Central Committee reporting its work to the Central Committee, and focusing on studying the formulation of the national economic and social development plan. The 15th Five-Year Plan The suggestion.

Meanwhile, the meeting conducted an in-depth analysis and study of the current economic situation, and... Economic Work for the Second Half of the Year Comprehensive arrangements have been made. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting.

 

The “15th Five-Year Plan” Period: A Critical Five Years for Solidifying the Foundations of Modernization

 

The meeting clearly pointed out:

“The ‘15th Five-Year Plan’ period is a critical phase for laying a solid foundation and making comprehensive efforts to basically achieve socialist modernization.”

 

Currently, China’s development environment is undergoing profound and complex changes, with both strategic opportunities and risks and challenges coexisting, and an increasing number of uncertain and hard-to-forecast factors. However, the meeting also emphasized:

China’s economic foundation is stable, with numerous advantages, strong resilience, and great potential. The fundamental conditions and underlying trends that support long-term healthy development remain unchanged.

The advantages of the socialist system with Chinese characteristics, the advantage of an ultra-large-scale market, the advantage of a complete industrial system, and the advantage of abundant human resource endowments are becoming increasingly prominent.

 

Faced with a complex situation, the meeting proposed that we should... Maintain strategic composure and bolster confidence in victory. Actively identify changes, adapt to them, and seek transformation; concentrate our efforts on doing our own job well, thereby gaining strategic initiative in the intense international competition and driving major breakthroughs in the strategic tasks that are critical to China’s modernization.

 

How should we proceed during the 15th Five-Year Plan? The central government has clearly outlined the direction.

 

The meeting emphasized that, During the 15th Five-Year Plan period, economic and social development must adhere to the following principles:

◉ Uphold Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the Important Thought of the “Three Represents,” and the Scientific Outlook on Development;

◉ Fully implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. ；

◉ Focusing on fully building a modern socialist country and achieving the Second Centenary Goal;

◉ Taking the comprehensive advancement of Chinese-style modernization as the central task to fully promote the great rejuvenation of the Chinese nation;

◉ Fully, accurately, and comprehensively implement the new development philosophy;

◉ Uphold the general principle of pursuing progress while maintaining stability;

◉ Promote the coordinated advancement of the “Five-in-One” overall layout and the “Four Comprehensive” strategic layout;

◉ Accelerate the establishment of a new development paradigm and coordinate development with security.

◉ Promote a qualitative and effective upgrade of the economy and reasonable quantitative growth;

◉ Take solid steps toward promoting the all-round development of people and common prosperity for all the people;

◉ Ensure decisive progress is made toward basically achieving socialist modernization. 。

 

The economy maintained steady progress in the first half of the year, and high-quality development has yielded notable results.

 

The meeting held that, since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, various regions and departments have taken proactive measures, overcome difficulties, and implemented more proactive and effective macro policies, ensuring that China’s economy has been operating steadily. Steady progress with momentum New achievements have been made in high-quality development:

◉ Major economic indicators performed well;

◉ New-quality productive forces are accelerating development;

◉ Reform and opening-up continues to deepen;

◉ Risks in key areas have been effectively prevented and resolved.

◉ Social safety net protection has been further strengthened;

◉ China’s economy demonstrates strong vitality and resilience.

 

 

What’s next in the second half of the year? Here are the top ten key initiatives!

 

Despite the remarkable achievements, the meeting also clearly pointed out that the current economic performance still faces numerous risks and challenges. We must strengthen our sense of urgency and risk awareness, adhere to bottom-line thinking, and consolidate and expand the momentum of economic recovery and improvement.

To ensure successful economic work in the second half of the year, the meeting put forward clear requirements:

 

Uphold the guiding ideology without wavering.

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will uphold the principle of seeking progress while maintaining stability, fully, accurately, and comprehensively implement the new development philosophy, and accelerate the establishment of a new development pattern.

 

Maintain policy continuity and flexibility.

Enhance the flexibility and foresight of policies, with a focus on stabilizing employment, businesses, markets, and expectations, promoting the dual circulation—both domestic and international—and striving to achieve the annual economic and social development goals. The 14th Five-Year Plan has been successfully concluded.

 

Macro policies continue to exert strong efforts and will be appropriately stepped up as needed.

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Implement a more proactive fiscal policy and a moderately accommodative monetary policy;

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Accelerate the issuance and use of government bonds to enhance capital efficiency.

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Secure the grassroots level The “Three Guarantees” (guaranteeing basic livelihoods, wages, and operational continuity) bottom line;

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Maintain ample liquidity and drive down the overall cost of social financing.

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Make good use of structural monetary policy tools, with a focus on supporting technological innovation, boosting consumption, small and micro enterprises, and stabilizing foreign trade.

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Support major economic provinces in playing their role. "Taking on the heavy responsibility";

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Strengthen the consistency of macro policy orientations.

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Effectively unleash the potential of domestic demand

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Deeply implement special initiatives to boost consumption, expand commodity consumption, and cultivate new growth areas for service consumption.

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Expand consumer demand by safeguarding and improving people’s livelihoods.

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Promote with high quality The “dual-engine” approach—building major projects and undertaking key initiatives—will invigorate private investment and expand effective investment.

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Unswervingly deepen reform.

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Lead the development of new-quality productivity through technological innovation;

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Accelerate the development of emerging pillar industries with international competitiveness;

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Promote the deep integration of technology and industrial innovation;

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Deeply advance the construction of a nationwide unified market;

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Governing enterprises’ disorderly competition in accordance with the law;

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Promote capacity management in key industries;

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Standardize local investment promotion activities;

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Persist “Two unwavering commitments” unleash the vitality of various business entities.

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Expand high-level opening-up.

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Stabilize the fundamentals of foreign trade and foreign investment;

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Provide assistance to foreign trade enterprises that have been more severely impacted and strengthen financing support.

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Promote the integration of domestic and foreign trade;

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Optimize the export tax rebate policy;

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High-level development of open platforms such as the pilot free trade zones.

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Prevent and resolve risks in key areas.

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Carry out urban renewal with high quality;

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Actively and steadily defuse local government debt risks and strictly prohibit the creation of new implicit debts.

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Promote the orderly and effective clearing of local financing platforms.

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Enhance the attractiveness and inclusiveness of the capital market, and consolidate the momentum of stabilization and improvement.

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Solidly ensure people's livelihoods.

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Prioritize employment and promote job placement for key groups such as college graduates, veterans, and migrant workers.

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Implement policies that benefit the people and improve the social assistance system.

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Strengthen Strengthen the foundation of “agriculture, rural areas, and farmers,” and maintain reasonable prices for grain and other important agricultural products.

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Consolidate the achievements in poverty alleviation and prevent large-scale relapse into poverty.

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Always put the safety of people’s lives first and strengthen supervision over work safety and food safety.

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Make every effort to carry out emergency flood control, rescue, and disaster relief operations.

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Ensure the supply of energy and electricity during peak demand periods in summer.

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Do a good job The preparation work for the 15th Five-Year Plan

Plan ahead and make strategic arrangements to ensure that the plan is forward-looking, strategic, and actionable.

 

Fully mobilize the enthusiasm of all parties.

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Leading cadres must establish a correct view of political achievements and promote economic work in accordance with the new development philosophy.

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Entrepreneurs must bravely take the lead and win the market with high-quality products and services.

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All regions and departments must fully implement the decisions and deployments of the Party Central Committee, make good use of the achievements from studying and educating on the spirit of the Central Government’s Eight-Point Regulation, and inject strong momentum into high-quality development.

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Conclusion

 

This Central Politburo meeting both serves to... The 15th Five-Year Plan outlines a blueprint and also sets the direction for economic work in the second half of the year. Against the backdrop of accelerating global changes over the past century, China is steadily advancing its process of Chinese-style modernization with firm strategic resolve, clear policy pathways, and pragmatic action measures.

The next five years will be decisive and critical. Let’s look forward together to the dawn of a new chapter of development that is higher-quality, more sustainable, and safer!