Chairman of the Chinese People's Political Consultative Conference (CPPCC)
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Opened the CPPCC annual session on March 4, 2026
China adopted five-year economic planning from the Soviet Union in 1953. The 15th Five-Year Plan, unveiled March 5, 2026 at Beijing's Two Sessions, shifts from the growth-first model (dominant since Deng Xiaoping's 1980s reforms) toward technological self-reliance and economic security. The plan earmarks $70 billion for semiconductors and targets 5% GDP growth, per Premier Li Qiang's Government Work Report.
Updated May 30
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