Core Viewpoint - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China is expected to outline a new blueprint for China's development over the next five years, with a focus on high-quality growth and innovation-driven strategies [4][10]. Economic Performance - China's GDP grew by 5.2% year-on-year in the first three quarters of this year, marking an acceleration compared to previous periods [5][6]. - The country has crossed significant GDP milestones, reaching over 130 trillion yuan, with an average annual growth rate of 5.5% during the 14th Five-Year Plan period [4]. - China's contribution to global economic growth is approximately 30% annually, positioning it as a key engine for stable global economic growth [4]. Innovation and Industry Development - The transformation of new productive forces into real productive forces is accelerating, with high-tech manufacturing value-added increasing by 9.6% year-on-year [5][9]. - Key industrial outputs such as industrial robots and service robots have seen substantial growth, with production increases of 29.8% and 16.3% respectively [5]. - The focus on innovation is evident, with R&D investment expected to reach 2.69% of GDP by 2024, surpassing the average level of EU countries [8]. Global Economic Impact - China's economic resilience is highlighted amidst global challenges such as trade protectionism and geopolitical conflicts, with its growth rate being one of the highest among major economies [6][7]. - The World Bank has revised its growth forecast for China from 4% to 4.8%, reflecting confidence in China's economic structure and its ability to counter external pressures [7]. Future Outlook - The upcoming 15th Five-Year Plan is anticipated to emphasize high-tech industries such as artificial intelligence and robotics, with a significant role for private enterprises [10][11]. - The plan is expected to prioritize consumption as a key driver of growth and to integrate safety and risk management into its core principles [10].
中国经济换上新的引擎，国际舆论期待下个五年，四中全会擘画“十五五”蓝图
Sou Hu Cai Jing·2025-10-21 11:52