“十五五”规划系列报告(二):“十五五”规划的初步线索
Minsheng Securities·2025-06-25 08:50

Group 1: Planning Timeline and Context - The "Fifteen Five" planning process has started earlier than the "Fourteen Five" period, indicating an accelerated preparation phase[7] - The evaluation of the "Fourteen Five" implementation will inform the "Fifteen Five" planning, focusing on gathering public and departmental opinions[12] - The "Fifteen Five" planning is expected to be influenced by the mid-term evaluation report of the "Fourteen Five," highlighting key issues such as technology bottlenecks[16] Group 2: Key Insights and Focus Areas - The "Fourteen Five" mid-term evaluation report emphasizes that technology bottlenecks are a core issue for future development[16] - The National Development and Reform Commission (NDRC) has increased the proportion of research topics related to technology innovation in the "Fifteen Five" planning[18] - High-level support for technology development has been signaled through recent central decision-making activities, emphasizing the importance of innovation[22] Group 3: Historical Trends and Future Expectations - Since the "Twelfth Five" period, technology development has increasingly become a priority in five-year plans, with a trend expected to continue[24] - Historical completion rates of technology-related goals in previous five-year plans suggest a strong likelihood of achieving the proposed targets in the "Fifteen Five" period[26] - Upcoming events to watch include further central discussions and the release of additional research topics related to technology innovation[27] Group 4: Risks and Challenges - There is a risk of inaccurate or incomplete data and information affecting the planning process[28] - Potential underperformance of incremental policies related to technology innovation could impact the effectiveness of the "Fifteen Five" plan[28] - The progress of the "Fifteen Five" plan may not align with expectations based on the "Fourteen Five" experience, introducing uncertainty[28]