Group 1: Key Signals from the September Politburo Meeting - The meeting emphasized "people" and "fairness," indicating a focus on equitable development and high-level openness[1] - Core directives include "effective market and proactive government" and "strengthening bottom-line thinking" to ensure economic stability[1] - The meeting highlighted the importance of "tailored development" to address local conditions and avoid redundant construction[1] Group 2: Main Lines of the 15th Five-Year Plan - High-quality development, institutional reform, and industrial upgrading are identified as the three main lines of the new plan[3] - The 15th Five-Year Plan serves as a critical midpoint for assessing progress towards the 2035 modernization goals[3] - To achieve the 2035 goals, an average annual economic growth rate of approximately 4.4% is required during the 15th and 16th Five-Year Plan periods[3][25] Group 3: Focus Areas for Industrial Development - The plan will likely continue to support "emerging pillar industries" and "new quality productivity" as key areas for growth[5][39] - Specific industries mentioned include artificial intelligence, marine economy, and low-altitude economy, which are expected to receive significant attention[6][5] - The emphasis on service consumption and technology consumption indicates a shift towards more sustainable economic drivers[5][42]
“十五五”规划研究系列之四:“四中”前瞻:新“五年”的新期待
Shenwan Hongyuan Securities·2025-10-20 10:41