China's next 5-year plan puts focus on high-tech and consumers as trade friction drags on economy
In this photo released by Xinhua News Agency on Thursday, Oct 23, 2025, Chinese President Xi Jinping center leads other members of the Politburo standing committee during the fourth plenary session of the 20th Communist Party of China (CPC) Central Committee in Beijing. (Shen Hong/Xinhua via AP)
HONG KONG (AP) — China's leaders have vowed to reduce its reliance on foreign advanced technology and spur stronger domestic demand as it weathers “high winds” amid elevated trade tensions with the U.S.
An outline of the ruling Communist Party's blueprint for the next five years was laid out in a 5,000-word communique released Thursday after a four-day top level meeting in Beijing, just days ahead of planned talks between Chinese leader Xi Jinping and U.S. President Donald Trump.
Five-year plans are a throwback to the days of Soviet-style central planning. China still relies heavily on them to map out policy priorities and decide on funding.
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