Beijing, China — China has outlined a new five-year plan that underscores its determination to strengthen industrial and technological power, signaling a long-term strategy to compete with the United States and other advanced economies. President Xi Jinping emphasized that the country must seize opportunities to consolidate strengths and overcome weaknesses in order to gain the upper hand in global competition.
The plan, covering 2026 to 2030, highlights Beijing’s focus on advanced manufacturing and innovation as the foundation for national prosperity. Xi’s remarks to the Central Committee stressed the urgency of breaking through bottlenecks and accelerating industrial transformation.
The announcement comes just days before Xi’s scheduled meeting with U.S. President Donald Trump in South Korea, where trade tensions remain high. Washington has imposed tariffs aimed at shifting production away from China, while regional economies such as Japan and South Korea express concern over the impact of Chinese exports on their industries.
Economists have long urged China to expand its social safety net to encourage domestic consumption. However, the new plan suggests that Beijing continues to prioritize industrial strength as the path to economic resilience.
“The balance of global power is undergoing profound readjustment,” the plan’s summary notes, pointing to breakthroughs in technology and industrial transformation as key drivers of change.
China’s strategy reflects its ambition to secure leadership in sectors ranging from electronics to automotive manufacturing, positioning itself as a central player in the next phase of global economic competition.
Observers believe the plan will intensify debates over trade, innovation, and geopolitical influence, as China seeks to translate industrial progress into broader global clout.
