“十五五”时期：以高质量发展保障国家长治久安

Core Points - The 20th Central Committee's Fourth Plenary Session approved the "Suggestions on Formulating the 15th Five-Year Plan for National Economic and Social Development," which outlines the direction for China's development over the next five years, impacting the lives of 1.4 billion people [1][2] - The session emphasizes the importance of the "15th Five-Year" period as a critical phase in advancing Chinese-style modernization, linking it closely with the previous "14th Five-Year" plan [2][3] - The principle of "coordinating development and security" is highlighted as essential for economic and social development, indicating that security is a prerequisite for development [3][4] Economic Development - The session reiterates the focus on high-quality economic development, emphasizing economic construction as the central task and reform and innovation as fundamental drivers [2][3] - The plan aims to achieve a balance between qualitative improvements and reasonable quantitative growth, ensuring sustained economic growth while maintaining social stability [2][3] Financial Regulation - The "Suggestions" call for the modernization of the national governance system, which includes the establishment of a more modern financial regulatory framework to prevent systemic financial risks [5][6] - The focus will be on enhancing the financial system's ability to support high-quality development through improved regulatory practices and the promotion of various financial sectors [5][6] Social Welfare - The plan emphasizes the need for inclusive, foundational, and safety-net social welfare initiatives to address urgent public concerns and improve the quality of life for citizens [6][7] - Key strategies include promoting high-quality employment, improving income distribution, and addressing demographic challenges such as aging and declining birth rates [6][7] Government and Market Relations - The "Suggestions" advocate for a combination of effective markets and proactive government roles, aiming to create a market-oriented, law-based, and internationalized business environment [7][8] - The plan includes measures to enhance the confidence of private entrepreneurs and stimulate private investment, ensuring fair competition and protecting property rights [7][8] Implementation Challenges - The successful implementation of the "15th Five-Year Plan" will depend on overcoming challenges such as balancing development and security, ensuring effective governance, and addressing resource allocation issues [9][10] - There is a need for improved coordination among government levels and sectors to facilitate policy execution and enhance social governance capabilities [9][10]