Workflow
【宏观】“十五五”规划的三条主线、五个猜想——《“十五五”规划》系列报告一(赵格格)
光大证券研究·2025-09-29 23:06

Core Viewpoint - The "14th Five-Year Plan" period is crucial for China to achieve socialist modernization, focusing on qualitative improvement and quantitative growth, with the ultimate goal of comprehensive human development and common prosperity for all [4][6]. Group 1: Economic Development - The "14th Five-Year Plan" serves different developmental needs across its phases, transitioning from industrial foundation to high-quality development in response to new internal and external conditions [5]. - The primary task of the "14th Five-Year Plan" is to achieve qualitative enhancement and quantitative growth, with a short-term economic growth target set between 4.5% and 5% [6]. Group 2: Key Themes of the Plan - The plan revolves around three main themes: technology, domestic demand, and security [4][7]. - Technology will focus on developing new productive forces, accelerating reforms to support new production relationships, and fostering strategic emerging industries [7]. - Domestic demand will address current economic challenges by reforming the fiscal and tax system, increasing investment in people's livelihoods, and creating a unified national market [8]. - Security will ensure the stability of food, energy, and critical supply chains, forming a solid foundation for development [8]. Group 3: Investment in Human Capital - The concept of "investing in people" will expand to include systematic arrangements that support domestic demand and address demographic changes, with a focus on education, healthcare, and elderly care [8].