【宏观】通读“十五五”规划的三个新思路——《“十五五”规划》系列报告五（赵格格/王佳雯/刘星辰/周可）

Core Viewpoint - The "14th Five-Year Plan" emphasizes proactive policy measures to address challenges from international order restructuring, domestic demographic changes, and economic transformation, with "new productive forces" as the core engine [5]. Policy Changes - The concept of "investing in people" is fully established to enhance human capital quality, counteract the demographic turning point, and unleash consumer potential, creating a new growth driver led by domestic demand [6]. - Policy formulation focuses on "establishing before breaking," ensuring systemic resilience and bottom-line safety during the transition period. This includes enhancing industrial chain resilience and optimizing traditional industries to avoid hollowing out, while also ensuring a reliable and orderly transition from fossil to non-fossil energy sources [6]. - The dual drive of "innovation-driven" and "institutional openness" is maintained to reshape global competitive advantages. This involves accelerating technological progress to lead industrial upgrades and aligning with high-standard trade agreements, particularly in services, digital trade, and cross-border data flow [6].