National Development and Reform Commission: The draft outline of the 14th Five-Year Plan focuses on developing emerging pillar industries such as integrated circuits, biomedicine, and aerospace during the mid-term period.

On March 7, Bai Jingyu, Director of the Department of Innovation and High Technology Development at the National Development and Reform Commission, stated at a State Council Information Office briefing that the draft outline of the 14th Five-Year Plan constructs a new emerging industry development sequence that combines long-term and near-term strategies, focusing on strategic emerging industries, emerging pillar industries, and future industries. Based on the current situation, efforts will continue to develop strategic emerging industries such as new-generation information technology and new energy, and to build characteristic, complementary industrial clusters suited to local conditions. In the medium term, the focus will be on creating new pillar industries like integrated circuits, biomedicine, and aerospace, establishing new pillars for national economic development. Looking ahead, forward-looking plans will be made for future industries such as quantum technology, brain-computer interfaces, and embodied intelligence, cultivating strategic emerging industries of tomorrow and pillar industries of the future.

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Yuan Da, Secretary General of the National Development and Reform Commission: Expanding Domestic Demand Requires Adhering to the “Three Combinations”

On the afternoon of March 7, Yuan Da stated at a State Council Information Office briefing that expanding domestic demand requires adhering to the “three combinations” to continuously strengthen the advantages of a super-large market. The first is combining existing policies with incremental policies, deeply implementing special actions to boost consumption, and improving the effectiveness of policies such as “dual” and “new” policies and new financial instruments. Additionally, accelerate the implementation of important measures like fiscal and financial coordinated policies to expand domestic demand, leveraging the combined effects of policy packages.

The second is closely integrating benefits for people’s livelihoods with promoting consumption, including developing income-increasing plans for urban and rural residents, steadily raising minimum wages, and increasing government funding for social security. Efforts will also be made to expand and upgrade commodity consumption and unleash the potential of service consumption.

The third is tightly linking investment in physical assets with investment in people, optimizing government investment structures, increasing the proportion of government investment in social welfare, stimulating private investment, and opening application scenarios in emerging fields to private enterprises, ensuring equal access to resources.

Yuan Da, Secretary General of the National Development and Reform Commission: Full Implementation of Carbon Emission Total and Intensity Control in the 14th Five-Year Plan Does Not Mean Relaxing Energy Conservation Efforts

On March 7, Yuan Da emphasized that the 14th Five-Year Plan is a critical period for accelerating comprehensive green transformation of economic and social development. The plan highlights low-carbon requirements more prominently. It clearly states that peak carbon and carbon neutrality will be the guiding principles, with coordinated efforts to reduce carbon emissions, pollution, expand green spaces, and promote growth. The plan fully implements dual controls on total carbon emissions and intensity. It is important to clarify that shifting from energy consumption dual control to carbon emission dual control does not mean relaxing energy-saving efforts, as energy conservation remains the most direct, economical, and effective way to reduce carbon.

Yuan Da, Secretary General of the National Development and Reform Commission: Promoting Key Technological Breakthroughs in Critical Areas such as Integrated Circuits, Industrial Mother Machines, High-End Instruments, Basic Software, Advanced Materials, and Biomanufacturing Across the Entire Chain

On March 7, Yuan Da stated that efforts will focus on addressing “the missing and weak links, traditional and emerging” to improve the quality and level of the supply system. For current “missing” areas, efforts will be made to accelerate breakthroughs, promoting key core technology research in integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing to achieve decisive breakthroughs and enhance the autonomy of the industrial chain. For “weak” areas, the focus will be on closing gaps by implementing service industry quality and capacity expansion initiatives, deepening reforms and opening up in the service sector, improving supporting policies, strengthening weak links in productive services, and cultivating Chinese service brands. For “traditional” sectors, efforts will be made to optimize and upgrade, including strengthening specialized steel, top-tier petrochemical bases, high-end shipbuilding, and marine engineering equipment, promoting full-industry-chain innovation in machinery and equipment, and expanding supply of high-quality products in light industry and textiles. For “emerging” sectors, the goal is to accelerate cultivation and growth by building strong new-generation information technology, new energy, robotics, aerospace industry clusters tailored to local conditions, and promoting the rapid development of future industries such as quantum technology, brain-computer interfaces, embodied intelligence, and 6G.

Chen Lei, Director of the Development Strategy and Planning Department at the National Development and Reform Commission: Continuing to Optimize the Foreign Investment Environment and Fully Implementing the National Treatment for Foreign-Invested Enterprises

On March 7, Chen Lei stated that during the 14th Five-Year Plan period, China’s utilization of foreign investment has exceeded $750 billion, with investments spanning 190 countries and regions. During the 15th Five-Year Plan, efforts will be made to further optimize the foreign investment environment, fully implement national treatment for foreign-invested enterprises, improve foreign investment service systems, and ensure policies on market access and operation are well implemented. More foreign companies are encouraged to invest in China to share opportunities in advanced manufacturing, modern services, high-tech industries, and energy conservation and environmental protection. Additionally, a comprehensive overseas service system will be established to support mutually beneficial overseas investment cooperation.

Yuan Da, Secretary General of the Development Strategy and Planning Department: Improving Statistics, Fiscal, Tax, and Evaluation Systems to Support the Construction of a Unified Large Market

On March 7, Yuan Da emphasized that efforts will focus on “improving rules, maintaining order, and optimizing facilities” to accelerate the development of a unified national market. Improving rules involves strengthening foundational market system regulations, including property rights protection, market access, information disclosure, social credit, mergers and acquisitions, and market exit policies, as well as refining statistical, fiscal, and assessment systems conducive to a unified market. Maintaining order requires ensuring fair competition, improving market regulation rules, standardizing benchmarks, enhancing regulatory capacity, regulating local government economic promotion behaviors, and establishing lists of encouraged and prohibited local government investment activities, with strengthened enforcement against monopolies and unfair competition. Optimizing facilities involves building high-standard, interconnected market infrastructure, promoting connectivity and rule alignment in logistics, information, and trading platforms, and establishing an efficient, modern circulation system to reduce overall social logistics costs.

(Source: Daily Economic News)