Thinking About China
Opinion

China’s New Five-Year Plan Falls Far Short of the Economy’s Needs

The CCP’s new five-year plan carries more aspirations than practical measures to fix an ailing economy.
0
China’s New Five-Year Plan Falls Far Short of the Economy’s Needs
Technicians work on chip processing equipment at a semiconductor manufacturing plant in Suqian, in eastern Jiangsu Province, China, on Oct. 20, 2025. STR/AFP via Getty Images
Milton Ezrati
|Updated:
0:00
Commentary

Meetings at the Chinese Communist Party’s (CCP’s) so-called Fourth Plenum have given birth to a new five-year plan for the Chinese economy. It promises a great deal: that China will at last become self-sufficient in advanced technologies, that Chinese consumers will find new spending vigor, that Beijing in the future will pay closer attention to supply and demand, that China will gain still more international influence, and that the country will invest more in emerging industries.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."