At the conclusion of the Central Economic Work Conference in December, China’s ruling Communist Party unveiled a blueprint for 2026 that signals deep-seated structural problems, from industrial overcapacity to persistent deflationary pressures. By adding “promoting quality and efficiency” to its long-standing mantra of “seeking progress while maintaining stability,” Beijing is reinforcing a move away from its old playbook of debt-fueled investment to a more nuanced approach as it prepares to kick off its 15th Five-Year Plan.
In Depth: China Unveils More Nuanced Economic Plan for 2026
2025年12月19日 17:02
By highlighting ‘quality and efficiency,’ the Central Economic Work Conference reinforces a move away from the country’s old playbook of debt-fueled investment as it prepares to kick off its 15th Five-Year Plan
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- China has unveiled a blueprint for 2026 that signals deep-seated structural problems, adding “promoting quality and efficiency” to its long-standing mantra of “seeking progress while maintaining stability.”
[财新双语通产品，是为有双语需求读者专门订制的优惠产品， 按此可享超值优惠订阅。]
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