Similarly to the 14th FYP, the 15th FYP has not set a specific GDP growth target. The plan prioritises high-quality development and proposes that economic growth “should be maintained within a reasonable range, with targets set for each year as appropriate." The long-term goal of 0 paoadxa s anei yamob penuue punodoo s,euo ieu busuew pabueyoun suiewal ooz ot paiedwoo goz Aq dao endes jad bugnop The 15th FYP aims to achieve an average annual growth rate of over 7% in total social R&D expenditure, the same growth target as the 14th FYP, with the added value of core digital economy industries expected to increase their share of GDP from 10.5% in 2025 to 12.5% in 2030. including quantum technology,brain-computer interfaces, and sixth-generation mobile communications. The plan proposes building world- class sources of scientific and technological innovation in Beijing (Beijing-Tianjin-Hebei region), Shanghai (Yangtze River Delta region), and the Greater Bay Area, while promoting the construction of the Chengdu-Chongqing regional inovation centre. Wuhan and Xian are explicitly identified for development as regional innovation centres. The 15th FYP dedicates an entire chapter to “vigorously boosting consumption," a significant increase from the 14th FYP's single section. household consumption rate currently stands at around 40% compared to 50%-70% in Europe,the US, Japan, and Korea, indicating Real estate was also given its own chapter in the 15th FYP and assigned the theme of “high-quality development." While a combination of renting and purchasing will continue to underpin real estate market development over the next five years, the principle of “housing is for living in, not for speculation," which appeared in the 14th FYP, was not mentioned. The 15th FYP attaches great importance to issues such as the revitalisation of existing land and housing and land renewal. In adition, Document No.38, recently issued by the Ministry of Natural Resources, explicitly states that “newly added construction land should not, in principle, be used for commercial real estate development." These policies mark key milestones in the real estate industry's transformation to a stock-oriented medium- to long-term model. "Carbon per unit GDP” was included for the first time asa binding indicatorin the 15th FYP as China shifts from energy to carbon dual control. Guarantee of Natural Resource Elements, [2026] No. 38, March 2026.
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