Pudong Shanghai China skyline

China’s 15th Five-Year Plan Points Capital Toward AI and Self-Reliance as External Risks Mount

China’s National People’s Congress formally approved the 15th Five-Year Plan on March 12, completing an eight-day session that set the policy framework for the country’s economic and industrial development through 2030. The plan, which WilmerHale described as making the 2026 Two Sessions “particularly important for business audiences,” codifies Beijing’s commitment to technological self-reliance, high-quality growth,…

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Construction in Beijing China with bare trees in forefront

China’s 15th Five-Year Plan Technology Targets Are Ambitious. The Implementation Mechanisms Are What Matter

China’s 15th Five-Year Plan, formally approved on March 12, sets technology targets that include raising R&D spending growth to at least 7% annually, expanding the core digital economy to 12.5% of GDP by 2030, and building self-sufficient capacity in AI, quantum computing, biomanufacturing, aerospace, and new energy. These headline targets are ambitious but not surprising:…

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