Group 1: Key Signals from the September Politburo Meeting - The September Politburo meeting emphasized "people" and "fairness," indicating a focus on equitable development and high-level openness[1] - The meeting highlighted the importance of "effective markets and proactive government," suggesting a balanced approach to economic governance[1] - "Bottom-line thinking" was reinforced, indicating a commitment to risk prevention and safety in economic development[1] Group 2: Main Lines of the 15th Five-Year Plan - The 15th Five-Year Plan will focus on high-quality development, institutional reform, and industrial upgrading as its three main lines[3] - The plan serves as a critical midpoint for assessing progress towards the 2035 modernization goals, requiring an average annual economic growth rate of approximately 4.4%[3][21] - The plan aims for the national economy and per capita GDP to double compared to 2020 levels by 2035[21] Group 3: Reform Tasks and Economic Goals - Over 300 reform tasks were outlined to be completed by 2029, covering key areas such as economic systems, technology, and social welfare[4][28] - The plan includes a target for non-fossil energy consumption to reach around 25% by 2030 and a 65% reduction in carbon emissions per unit of GDP compared to 2005 levels[19][28] - The focus on "new quality productivity" and emerging pillar industries will continue from the 14th Five-Year Plan, with an emphasis on international competitiveness[32]
\四中\前瞻:新\五年\的新期待:\十五五\规划研究系列之四
Shenwan Hongyuan Securities·2025-10-20 12:57