14th Five-Year Plan

A nation historically focused on economic growth turned its sights inward when setting forth the five-year plan that will guide planning into the middle of the decade. After a year of uncertainty in global trade and foreign policy, the plan—formalized at the Chinese Communist Party’s 19th National Congress in October 2020—emphasizes support of domestic markets for key technologies, such as chipmaking. The plan also makes a strong push for urbanization, aiming to boost populations in cities from 60 percent to at least 75 percent over the next 15 years. The shifts are underpinned by increased attention on redistributing welfare entitlements and increasing financing for green energy and development.