China Unveils Five-Year Economic and Social Development Plan
China has released its 15th Five-Year Plan, outlining economic and social goals until 2030. The 141-page document aims for GDP per capita to double from 2020 levels and sets a growth target of 4.5-5% for the current year. The plan emphasizes innovation, with an annual growth rate of research and development investment expected to exceed 7%. It also targets a reduction in PM2.5 concentrations in cities to below 27 micrograms per cubic meter and aims to raise annual grain production to 725 million metric tons by 2030. Additionally, the plan seeks to lower the urban unemployment rate to below 5.5% and increase average life expectancy to 80 years.
Published 1 day ago • 05 Mar 2026, 04:45 PM IST