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China's 15th Five-Year Plan: Hong Kong as Global Hub

9/28/2025

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Summary

Story summary

China is finalizing its 15th Five-Year Plan for 2026-2030, shaping national policy.
Hong Kong could become a larger "superconnector" between mainland China and global markets.
The planning process has evolved since the 1950s, with reforms under Deng Xiaoping.
The National Development and Reform Commission (NDRC) now leads, consulting stakeholders to inform a more strategic, growth-focused plan after early failures.

History

Historical Context

China's economic strategy began with its first Five-Year Plan in 1953, focusing on industrialization. Under Deng Xiaoping in the late 1970s, market-oriented reforms spurred GDP growth exceeding 10% annually. Currently, the National Development and Reform Commission is refining the 15th Five-Year Plan, which aims to enhance China's global trade relationships and adapt to evolving economic dynamics.

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Story summary

China is finalizing its 15th Five-Year Plan for 2026-2030, shaping national policy.
Hong Kong could become a larger "superconnector" between mainland China and global markets.
The planning process has evolved since the 1950s, with reforms under Deng Xiaoping.
The National Development and Reform Commission (NDRC) now leads, consulting stakeholders to inform a more strategic, growth-focused plan after early failures.

1 / 2