MNI BRIEF: China To Unveil 15th Five-Year Plan Next Month

China will unveil its 15th Five-Year Plan at the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, scheduled for Oct. 20-23, Xinhua News Agency reported Monday following the latest Politburo meeting.

Covering 2026 to 2030, the plan will set the overall strategy for social and economic development, stressing high-quality growth, the cultivation of new productive forces suited to local conditions, and balanced progress across the economy and society, the meeting stated. 

China will continue deepening reform and expanding high-level opening-up, give full play to the market’s decisive role in resource allocation while better leveraging government functions, and work to prevent and resolve risks under a new security framework, the meeting said. (MNI: China Bad Bank Calls Grow As Debt Overhang Saps Growth)