Core Points - The meeting held by the Central Committee aimed to gather opinions on the 15th Five-Year Plan for national economic and social development, emphasizing the importance of achieving socialist modernization and addressing both domestic and international challenges [1][2][3] Group 1: Economic Development Strategies - The 15th Five-Year Plan is seen as a critical period for laying the foundation for socialist modernization, with a focus on high-quality development and addressing key areas that affect growth [3] - The plan includes strategies for expanding domestic demand, building a modern industrial system, and enhancing innovation across various sectors [2][3] - Emphasis on the importance of high-level technological self-reliance as a strategic support for quality development, with a call for advancements in education, technology, and talent development [3] Group 2: Social Welfare and Regional Development - The concept of Chinese-style modernization is framed around the common prosperity of all people, with a commitment to improving living standards and addressing social needs [4] - The plan aims to optimize regional economic layouts and promote coordinated regional development, ensuring the continuation of poverty alleviation efforts and rural revitalization [4] - There is a call for actionable measures to meet public demands in areas such as employment, education, healthcare, and social security [4]

Core Viewpoint - The article outlines the strategic directions and key initiatives for the next five years as articulated in the 20th Central Committee's Fourth Plenary Session, emphasizing high-quality development, technological self-reliance, and the construction of a modern economic system. Group 1: High-Quality Development - Significant achievements in high-quality development have been noted, with improvements in social civilization and living standards [3] - The focus is on consolidating and expanding the foundation of the real economy, promoting intelligent, green, and integrated development [5] Group 2: Technological Self-Reliance - There is a strong emphasis on accelerating high-level technological self-reliance to lead new productive forces, enhancing the national innovation system, and fostering original innovation [7] - The integration of technology innovation with industrial innovation is prioritized to boost overall productivity [7] Group 3: Domestic Market and Economic Structure - The strategy aims to expand domestic demand, enhance consumption, and promote effective investment, ensuring a robust domestic circulation [9] - The construction of a high-level socialist market economy is essential for sustaining high-quality development [11] Group 4: Agricultural Modernization - Addressing agricultural and rural issues is a top priority, with efforts to promote urban-rural integration and enhance agricultural productivity [15][17] Group 5: Regional Development - The strategy includes optimizing regional economic layouts to promote coordinated regional development and enhance the effectiveness of urbanization [19] Group 6: Cultural Development - There is a commitment to invigorating cultural innovation and promoting socialist culture, enhancing the influence of Chinese civilization [21] Group 7: Social Welfare and Common Prosperity - The focus is on improving living standards and ensuring common prosperity through effective social policies and public services [23] Group 8: Green Transformation - A comprehensive green transformation is planned, emphasizing carbon neutrality and ecological safety, while promoting sustainable development practices [25] Group 9: National Security - Strengthening the national security system and enhancing public safety governance are critical components of the strategy [27][29] Group 10: Military Modernization - The modernization of the military is highlighted, focusing on enhancing combat capabilities and integrating advanced technologies [32]

Core Viewpoint - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China emphasizes the construction of a strong domestic market and the acceleration of a new development pattern, focusing on expanding domestic demand and enhancing the interaction between consumption and investment [1][3]. Group 1: Strong Domestic Market - The market is identified as a scarce resource, with China's large-scale market being a significant advantage. The resilience of the domestic market is highlighted in the face of complex external environments, with domestic demand contributing an average of 86.8% to economic growth from 2021 to 2024 [3]. - The emphasis on expanding domestic demand is seen as a strategic foundation for establishing a new development pattern that promotes both domestic and international circulation [3]. - The document stresses the importance of the domestic market, which covers over 1.4 billion people, aiming to enhance China's role as a significant consumer market globally [3][4]. Group 2: Investment in Goods and People - The 2025 Government Work Report advocates for increased investment in human capital and services to improve livelihoods, support employment, and stimulate consumption, creating a virtuous cycle of economic development and social improvement [5]. - The combination of investment in tangible assets and human capital is emphasized as essential for sustainable growth, with a call for a balanced approach to enhance skills and participation in the economic cycle [6]. - The need for policies that support human capital investment is highlighted, covering areas such as healthcare, education, and social security, in response to the demands of the new industrial and technological revolution [5][6].

Core Points - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China was held from October 20 to 23, 2025, in Beijing, where the "Suggestions on Formulating the 15th Five-Year Plan for National Economic and Social Development" were approved [1] - The "15th Five-Year" period is seen as a critical time for achieving socialist modernization and aims to continue the rapid economic development and long-term social stability of China [1] Economic Development Goals - The main goals for the "15th Five-Year" period include significant achievements in high-quality development, substantial improvements in technological self-reliance, breakthroughs in comprehensive deepening of reforms, enhanced social civilization, improved quality of life, major progress in building a beautiful China, and strengthened national security [1][2] - By 2035, the aim is for China's economic strength, technological capability, national defense, comprehensive national power, and international influence to significantly increase, with per capita GDP reaching the level of moderately developed countries [1] Focus on High-Quality Development - High-quality development is prioritized, indicating a continuation of current policies aimed at economic structural transformation and the development of new productive forces [2] - The construction of a modern industrial system is emphasized as a key driver for high-quality economic development, focusing on the real economy and promoting intelligent, green, and integrated development [2][3] Domestic Market Development - The session highlighted the importance of building a strong domestic market and accelerating the establishment of a new development pattern, emphasizing the expansion of domestic demand as a strategic foundation [3][4] - The approach includes promoting consumption, effective investment, and ensuring a positive interaction between supply and demand to enhance the internal dynamics of the domestic economy [4] Macroeconomic Governance - The session called for accelerating the construction of a high-level socialist market economy and enhancing the driving force for high-quality development [5] - It aims to stimulate the vitality of various business entities and improve the efficiency of macroeconomic governance [5][6] Fiscal and Monetary Policy - The fiscal and monetary policies during the "15th Five-Year" period will focus on providing financial resources for major national strategies and implementing counter-cyclical adjustments to stabilize the macroeconomic operation [6] - The policies will maintain strong stability and continuity, with a focus on supporting employment, businesses, and market expectations to consolidate economic recovery [6]

Core Viewpoint - The article emphasizes the importance of building a strong domestic market in China, highlighting the need to enhance domestic demand and investment to create a new development pattern that promotes both consumption and investment [1][4][7]. Group 1: Building a Strong Domestic Market - The article states that the domestic market is a scarce resource and a significant advantage for China, showcasing resilience amid complex external environments. From 2021 to 2024, domestic demand is expected to contribute an average of 86.8% to economic growth [4]. - Experts believe that the focus on expanding domestic demand is crucial for establishing a new development pattern that prioritizes domestic circulation while also enhancing international circulation [6][7]. - The article notes that the domestic market, covering over 1.4 billion people, has substantial market size and potential, aiming to contribute more to the global economy and become a more significant consumer market [7]. Group 2: Investment in Goods and People - The article discusses the need for more resources to be invested in human capital and public services, supporting employment, income growth, and consumption incentives to create a virtuous cycle of economic development and improved livelihoods [9]. - It highlights the importance of combining investments in tangible assets with investments in human capital, emphasizing that merely investing in physical infrastructure is insufficient without addressing human resource development [9][10]. - Experts suggest that investment in human capital should encompass a broad range of areas, including healthcare, sports, talent development, and social security, to meet the new demands arising from the upcoming industrial and technological revolutions [10].

Group 1 - The core viewpoint of the document emphasizes the importance of high-quality development and the commitment to deepening reforms during the "14th Five-Year Plan" period, aiming for significant advancements in various sectors including the economy, technology, and environmental sustainability [1][2] - The document outlines long-term goals for 2035, including a substantial increase in China's economic, technological, and defense capabilities, with a target for per capita GDP to reach the level of moderately developed countries [1] - It highlights the resilience and potential of the Chinese economy, asserting that the foundational conditions for long-term growth remain unchanged, supported by the advantages of the socialist system and a large market [1][2] Group 2 - The focus is on strengthening the real economy, with a commitment to maintaining a leading position in manufacturing and building a modern industrial system centered on advanced manufacturing [2] - There is a strong emphasis on enhancing independent innovation capabilities, with specific goals for improving the level of technological self-reliance and fostering new industries and business models [2][3] - The document stresses the importance of expanding domestic demand as a strategic foundation for economic development, aiming to enhance the internal circulation of the economy [2][3] Group 3 - The document calls for measures to boost consumption and effective investment while addressing barriers to the establishment of a unified national market [3] - It outlines the need for improved macroeconomic governance to enhance the effectiveness of economic management and to stimulate the vitality of various business entities [3] - The strategy includes expanding high-level openness and promoting innovative trade development, as well as enhancing cooperation in investment [4] Group 4 - The document emphasizes the role of key regions as growth poles, advocating for coordinated regional development strategies to optimize productivity and create a high-quality regional economic layout [4] - It also addresses the commitment to achieving carbon peak and carbon neutrality, promoting a green production and lifestyle while advancing pollution prevention and ecological optimization [4]

Core Viewpoint - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China emphasizes the construction of a strong domestic market and the acceleration of a new development pattern, focusing on expanding domestic demand as a strategic foundation [1][2]. Group 1: Strong Domestic Market - The report highlights the importance of a strong domestic market, which is seen as a significant resource and advantage for China, especially in the face of complex external environments [1][2]. - From 2021 to 2024, domestic demand is expected to contribute an average of 86.8% to economic growth, indicating the critical role of domestic consumption [1]. Group 2: Investment in People and Goods - The emphasis on combining investment in goods and investment in people is crucial for sustainable economic growth, as it addresses both tangible assets and human capital [5][6]. - Investment in human capital is increasingly recognized as vital for economic growth, with a focus on skills enhancement and participation in the economic cycle [6]. Group 3: Interaction of Supply and Demand - The report advocates for a positive interaction between new demand and new supply, moving beyond previous supply-side reforms to address current insufficient effective demand [4]. - The simultaneous push for boosting consumption and expanding effective investment is essential for enhancing the internal dynamics of the domestic economy [4].

中新社北京10月23日电 题：从四中全会关键表述看中国经济动向 中新社记者 王恩博 中共二十届四中全会公报23日公布。透过其中关键表述，可一观当前和今后一个时期的中国经济动向。 全会还提出，要大力提振消费，扩大有效投资，坚决破除阻碍全国统一大市场建设卡点堵点。 ——提升宏观经济治理效能。近年来，宏观调控的前瞻性、针对性、有效性不断提高，助力中国经济妥 善应对各类风险挑战。 着眼增强高质量发展动力，全会提出"坚持和完善社会主义基本经济制度""完善宏观经济治理体系"等， 并表示要充分激发各类经营主体活力，加快完善要素市场化配置体制机制，提升宏观经济治理效能。 ——"十五五"时期经济社会发展主要目标。公报提出了"十五五"时期经济社会发展的主要目标，包 括"高质量发展取得显著成效""进一步全面深化改革取得新突破""美丽中国建设取得新的重大进展"等。 着眼更远的未来，全会还明确：到二〇三五年实现中国经济实力、科技实力、国防实力、综合国力和国 际影响力大幅跃升，人均国内生产总值达到中等发达国家水平，人民生活更加幸福美好，基本实现社会 主义现代化。 ——长期向好的支撑条件和基本趋势没有变。"十五五"时期是基本实现社会主义现 ...

Core Points - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China was held from October 20 to 23, 2025, in Beijing, where a work report by Xi Jinping was discussed and the proposal for the 15th Five-Year Plan was approved [1] Economic Development - The focus during the 15th Five-Year Plan period will be on building a modern industrial system and strengthening the foundation of the real economy, emphasizing intelligent, green, and integrated development [2] - There will be an emphasis on optimizing traditional industries while nurturing emerging and future industries, alongside promoting high-quality development in the service sector [2] Technological Advancement - The plan aims to accelerate high-level self-reliance in technology, enhancing the national innovation system and boosting independent innovation capabilities [3] - Key areas include original innovation and tackling core technologies, integrating technological and industrial innovation, and advancing digital China initiatives [3] Domestic Market - The strategy will focus on expanding domestic demand, linking consumer and investment needs, and fostering a positive interaction between supply and demand [4][5] - Efforts will be made to stimulate consumption and increase effective investment while removing barriers to a unified national market [5] Economic System - The establishment of a high-level socialist market economy will be prioritized, enhancing the driving force for high-quality development [6][7] - The plan includes activating various business entities and improving the market-oriented allocation of resources [7] International Cooperation - The strategy includes expanding high-level opening-up and creating a win-win cooperation landscape, maintaining a multilateral trade system, and promoting international circulation [8][9] Agricultural Development - The modernization of agriculture and rural areas will be a key focus, addressing rural issues and promoting urban-rural integration [10] - Enhancements in agricultural production capacity and quality, along with rural development, will be prioritized [11] Regional Development - The plan aims to optimize regional economic layouts and promote coordinated regional development, enhancing the effectiveness of major productivity layouts [12][13] Cultural Development - There will be a push to invigorate cultural innovation and development, promoting socialist culture with strong ideological and international influence [14] Social Welfare - The strategy emphasizes improving people's livelihoods and promoting common prosperity, focusing on employment, income distribution, education, and social security [15] Environmental Sustainability - The plan aims for a comprehensive green transformation of economic and social development, focusing on carbon neutrality and ecological safety [16] National Security - The modernization of the national security system and capabilities will be prioritized to ensure social order and vitality [17][18] Military Modernization - The strategy includes achieving the centenary goals of the military and advancing the modernization of national defense and armed forces [19][20]

Core Points - The article discusses the key tasks and strategies outlined in the work report presented at the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, focusing on economic and social development for the upcoming five years [1][2]. Group 1: Economic Development Strategies - Emphasis on building a modern industrial system to strengthen the foundation of the real economy [2][3] - Accelerating high-level technological self-reliance to lead the development of new productive forces [2][3] - Expanding domestic markets and constructing a new development pattern [2][3] Group 2: Agricultural and Rural Development - Prioritizing agricultural modernization and promoting comprehensive rural revitalization [2][3] - Enhancing agricultural production capacity and quality, while improving rural living conditions [2][3] Group 3: Cultural and Social Development - Stimulating cultural innovation and development to enrich socialist culture [4] - Increasing efforts to improve people's livelihoods and promote common prosperity [5][6] Group 4: National Security and Defense - Modernizing the national security system and capabilities to ensure a higher level of safety [5][6] - Advancing the modernization of national defense and the military to achieve strategic goals [6][7] Group 5: Environmental Sustainability - Committing to a comprehensive green transformation of economic and social development to build a beautiful China [7][8] - Promoting carbon neutrality and enhancing ecological safety [7][8]