President Xi urges scientific planning for 15th Five Year Plan
Apr 30, 2025
59:45
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Quick takeaways
President Xi Jinping emphasizes the integration of security with development in planning for the upcoming 15th Five-Year Plan.
The historic new law adopted by China's National People's Congress aims to foster a balanced economy between state and private enterprises.
China's successful Shenzhou-19 mission showcases its advancements in aerospace technology and commitment to future space exploration efforts.
Deep dives
Focus on Development and Security in China's Five-Year Plan
Chinese President Xi Jinping has emphasized the significance of security in conjunction with development as the nation approaches its 15th Five-Year Plan. During a recent meeting in Shanghai, he urged leaders to adopt a comprehensive approach that considers both domestic and external challenges. The President also called for structural economic adjustments, ongoing expansion, and high-level engagement in international markets, underscoring the importance of stabilizing the economy. He encouraged targeted efforts to complete the goals of the current plan while strategically planning for the upcoming developmental phase.
Shanghai as a Hub for Technological Innovation
During an inspection of the SMC Shanghai Foundation Model Innovation Center, President Xi Jinping outlined Shanghai's role in advancing artificial intelligence and technology innovation. The center, which features over 100 companies specializing in AI development, received praise for its contributions to both national strategies and technological governance. Xi interacted with young researchers, promoting their alignment of personal aspirations with national objectives to aid in China’s modernization drive. He highlighted the necessity of robust policies and talent cultivation to bolster the security and quality of AI products.
Promotion of the Private Sector in China's Economy
China's National People's Congress has adopted a groundbreaking law aimed at fostering the private sector, ensuring fair competition, and promoting investment and innovation. This historic legislation marks a commitment to creating a balanced economic landscape that supports both state and private enterprises alike. By affirming the right of economic organizations to compete on equal footing, the law aims to encourage technological advancements and collaboration in key national research initiatives. As private companies account for a significant portion of the GDP and urban employment, the government focuses on effective implementation to maximize the law's positive impact.
BRICS Countries Unify Against Trade Protectionism
The BRICS nations recently convened to voice their collective opposition to trade protectionism, signaling a unified stance on global economic cooperation. Chairing the meetings, Brazil emphasized the need for a multilateral approach to address the growing challenges of unilateral trade measures that threaten global stability. Participants, representing a substantial share of the world’s population and GDP, underscored their commitment to fostering inclusive governance and supporting emerging economies. Discussions included broader efforts to strengthen economic ties and promote sustainable and equitable trade practices.
China's Shenzhou-19 Mission Success and Space Aspirations
China has successfully completed its Shenzhou-19 mission, with all three astronauts returning home in good health after six months at the Tiangong Space Station. The crew, which achieved several spacewalks and conducted experiments, highlighted the growing capabilities of China's space program and its commitment to future exploration. Commander Tsai Shuzhe expressed pride in their collaborative efforts and emphasized the importance of protecting Earth viewed from space. The achievement of a world record for the longest spacewalk showcases China’s advancements in aerospace technology and strengthens its position in the global space arena.
Chinese President Xi Jinping is stressing efforts to adapt to the changing environment and scientifically plan for social and economic development goals for the 15th Five Year Plan (01"02). Chinese Foreign Minister Wang Yi has joined his counterparts from BRICS countries in backing a statement by chair Brazil on opposing protectionism (11"56). And China's Shenzhou-19 mission is a success with the safe return of the astronauts (15"28).
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