China's Industrial Leap: A Vision for 2026-2030

China plans to build a modern industrial system and enhance technological self-reliance from 2026 to 2030. The ruling Communist Party emphasizes expanding the domestic market and improving citizens' wellbeing, according to the official Xinhua news agency following a recent key meeting.

China is embarking on a significant industrial overhaul, aiming to establish a modern industrial system by 2030, as announced by the official Xinhua news agency on Thursday. The ruling Communist Party's Central Committee revealed these plans with an emphasis on technological self-reliance.

The initiative signals an intensified focus on boosting China's domestic market. Central to this strategy is the expansion of domestic demand, which the Communist Party views as essential not only for economic growth but also for enhancing the overall wellbeing of the Chinese populace.

This strategic direction was outlined following a crucial meeting of the party's decision-making body, reflecting China's long-term economic ambitions. As these plans unfold, China positions itself for profound transformations in its industrial and economic landscape.

(With inputs from agencies.)