The recently concluded Fourth Plenum Session of the Communist Party of China approved the draft proposal for the 15th Five-Year Plan, setting the strategic direction for China’s next stage of development.

Beijing wants to double down on advanced semiconductor technologies, artificial intelligence and basic research.

In 2021, responding to widespread misgivings about the BRI, Mr Xi declared that it would shift to a new “small but beautiful” approach

As China navigates intensifying global competition and structural transition at home, experts said the key focus will be placed on stabilizing short-term growth while laying the institutional groundwork for long-term modernization during the next five years.

The Explanation of the Recommendations of the Central Committee of the Communist Party of China (CPC) for Formulating the 15th Five-Year Plan for National Economic and Social Development was made public on Tuesday.