Latest news with #15thFive-YearPlan
Straits Times
11 hours ago
- Business
- Straits Times
Clean-tech investment could boost China's economy, cut emissions and achieve 2035 development goals, study finds.
Rows of solar panels are seen during installation at a photovoltaic project in Qingdao, in eastern Shandong province. PHOTO: AFP SINGAPORE – China is on the cusp of a clean-energy-led economic revolution that could not only achieve the government's 2035 development goals but also slash air pollution and carbon emissions in a global win for fighting climate change, researchers say. To get there, Beijing needs to enact policies that ramp up investment in renewable energy and green-technology manufacturing and innovation as well as set ambitious emissions reduction targets for the next decade, Helsinki-based Centre for Research on Energy and Clean Air (Crea) said in a report published on June 19. Decisions made over the coming months will be key, the authors said. China's clean energy industries could double in value by 2035, adding US$2.1 trillion (S$2.7 trillion) to the economy, if the country and the world's other large markets follow emissions targets aligned with the United Nations Paris Agreement, the planet's main climate pact. China is already the world's top investor in renewable energy. Sustained green investment will make an important contribution to China's target of becoming a 'moderately prosperous' country in a decade, delivering one- fifth of the targeted gross domestic product growth in 2035, the authors said. Achieving a moderately prosperous economy is a key goal for Beijing , and to achieve this would mean doubling China's GDP from 101.6 trillion yuan (S$18. 15 trillion) in 2020 to more than 200 trillion yuan by 2035. 'The next decade will be critical in deciding whether China can seize the economic and strategic advantages of clean energy sectors and lead the world into a new phase of high-quality, innovation-led development,' said Ms Belinda Schaepe, China policy analyst at Crea and a co-author of the report . The government needs to set out ambitious policy targets in China's 15th Five-Year Plan covering 2026 to 2030, and in its climate action plan out to 2035 that it must submit to the United Nations in 2025, she added . The climate plan, called a nationally determined contribution (NDC), is mandatory for all parties to the Paris Agreement . NDCs are submitted every five years and are meant to be more ambitious than the previous one. 'Weak targets, by contrast, risk slowing China's momentum, creating uncertainty, and missing a historic opportunity to lead the global energy transition,' said Ms Schaepe . China needs to submit its NDC by the UN COP30 climate talks in Brazil in November . Beijing has already said the NDC will cover the entire economy and all greenhouse gases, a first for the country. The potential of the clean-energy sector to transform the economy is already apparent. In 2024, the sector, which includes electric vehicles, EV batteries, wind turbines and solar cells and modules, accounted for 10 per cent of GDP and 25 per cent of GDP growth, overtaking the value of real estate sales for the first time. And China is continuing its record-breaking renewable energy investment, adding 124.9 gigawatts (GW) of wind and solar capacity in the first four months of 2025, according to Sydney-based think-tank Climate Energy Finance, based on data from China's National Energy Administration. By April 2025, China had 1,533 GW of wind and solar capacity, far ahead of any other nation, helping to reduce its dependence on polluting coal. In 2024, China's carbon dioxide (CO2) emissions declined year-on-year for the first time despite strong electricity demand growth. 'China's unprecedented clean energy expansion was the primary driver in reducing emissions, offsetting the increase in emissions from other industrial sectors,' the authors noted . 'Beyond economic contributions to China's GDP, clean energy sectors could also cut China's emissions by 30 per cent compared with current levels,' they added . This is key because China is also the world's top CO2 polluter and coal consumer and what it decides on energy and economic policy will affect the global pace of climate change for years to come. China's rapid expansion of clean-energy investment and production overseas will also help reduce global emissions growth, while also boosting the economy at home. 'The clean energy sectors stand poised to both lead China's economic prosperity and drive down the country's CO2 emissions,' said co-author Lauri Myllyvirta, lead analyst at Crea. But if momentum in these sectors were to slow, they could instead become a drag on the economy and also curb emissions reductions, he added. David Fogarty is deputy foreign editor at The Straits Times and senior climate writer. He also covers the environment, in areas ranging from biodiversity to plastic pollution. Find out more about climate change and how it could affect you on the ST microsite here.
Yahoo
4 days ago
- Business
- Yahoo
Translators' Voices: The culture of planning is rooted in China's DNA
BEIJING, June 16, 2025 /PRNewswire/ -- The scientific formulation and consistent implementation of five-year plans stand as an important piece of experience in the Communist Party of China's (CPC) approach to governing the country. It's also significantly representing the political advantage of socialism with Chinese characteristics. On May 19, Chinese President Xi Jinping, also general secretary of the CPC Central Committee and chairman of the Central Military Commission, in an instruction on the work concerning the compilation of the 15th Five-Year Plan (2026-2030), stressed sound, democratic, and law-based decision-making to ensure China's next five-year plan for national economic and social development is formulated in high quality. He emphasized the importance of integrating top-level design with seeking advice from the public, enhancing research and discussions, and building broad consensus. In the first volume of Xi Jinping: The Governance of China, Xi, in a speech at the Second Plenary Session of the 18th CPC Central Committee, emphasized: "The same is true in treating work at local and departmental levels. We have already got in our hands a good blueprint. What we should do is to follow it through to the end and make it a success." While working at the local level, Xi proposed the 15-year development plan for Xiamen, the "3820" strategic project in Fuzhou, and the "Double-Eight" strategy in Zhejiang Province - all of which demonstrate his consistent, high-level emphasis on development and strategic planning. In the sixth installment of the special series "Decoding the Book of Xi Jinping: The Governance of China," the Global Times, along with People's Daily Overseas Edition, focuses on the theme "Follow a good blueprint through to the end! A harmonious, stable, open, and confident China brings more opportunities for global cooperation." We continue to invite Chinese and foreign scholars, translators of Xi's works, practitioners with firsthand experience, and international readers to share their views and reflections on how China employs development strategies and medium- to long-term planning to steer economic and social progress, as well as their impressions of General Secretary Xi's strategic thinking. In the sixth article of the "Translator's Voices" column, the Global Times (GT) talked to José Medeiros da Silva (Medeiros da Silva), a Brazilian professor at Zhejiang International Studies University. Medeiros da Silva was a member of the translation team of the Portuguese editions of Xi Jinping: The Governance of China. GT: Volume I of Xi Jinping: The Governance of China includes an article titled "Follow a good blueprint." In the article, Chinese President Xi Jinping states that "if a blueprint is good, factually based, scientifically sound and well-received by the people we should keep working on it, one administration after another." Being a member of the translation team of the book, how do you understand the idea of "following a good blueprint" as proposed by the Chinese leader? In your view, what qualifies as a "good blueprint"? Medeiros da Silva: This text forms part of a speech delivered at the Second Plenary Session of the 18th Central Committee of the CPC in February 2013. In other words, it was a message sent directly to Party officials at all levels, instructing them on how to proceed with their political and administrative activities. Essentially, President Xi was demanding Party leaders and officials to prioritize the well-being of the people and the prosperity of the nation, while avoiding spontaneity and narrow personal interests. We also recognize that significant achievements, such as the eradication of extreme poverty, require the efforts of successive governments and even generations of leaders. This is why collaboration and continuity are so essential to a country's governance. President Xi makes this very clear in the aforementioned text. Thus, "following a good blueprint" involves taking a strategic and integrated approach to achieve consistent and cumulative results at each stage of the work. For the Party, scientific planning is an irreplaceable key tool. From this perspective, a "good blueprint" must necessarily have a sound purpose and be backed by robust scientific analysis. According to Xi's philosophy, people's satisfaction is also an essential criterion for evaluating the effectiveness of each plan. GT: You mentioned long-term continuity, which is also reflected in the theme of the planning. In the fourth volume of Xi Jinping: The Governance of China, President Xi pointed out that turning China into a modern socialist country has been the theme of all 14 five-year plans. This year marks the final year of the 14th Five-Year Plan. How do you assess the CPC's practice of scientifically formulating and implementing successive five-year plans? What do you see as the strengths and distinctive features of this planning system? Medeiros da Silva: As we know, China has regularly prepared its five-year plans since 1953. This long-term practice has undoubtedly led to a significant accumulation of fundamental experience in the continuous improvement of the mechanism itself. The current 14th Five-Year Plan, which was launched in 2021, prioritized the construction of a digital China, quality development, and the realization of a new development paradigm. Despite a very turbulent international scenario, there is no doubt that China has made great progress in these and other areas over the last four years. I want to use the quote from President Xi given in the first question. "If a blueprint is good, factually based, scientifically sound" and keeps the interests of the country and the people first, this plan will certainly be successful. Culture of planning has been rooted in China's DNA and has been crucial in developing leaders who are in tune with the demands of the times. A prime example is President Xi. His acute thinking has enabled him to identify main trends in political, economic and social development, both domestically and internationally, well in advance. This ability to visualize general trends and produce broad summaries enables the country to take pre-emptive action to avert the realization of adverse and even threatening trends. A broad set of theoretical elaborations, as well as more specific guidelines - such as focusing on high-quality development to drive the country's socialist modernization - exemplifies the strength and acuity of his thought. GT: On May 19, President Xi made the remarks in a recent instruction on the work concerning the compilation of the 15th Five-Year Plan, stressing the importance of sound, democratic and law-based decision-making, as well as integrating top-level design with seeking advice from the public. How does this illustrate the "democratic" nature of China's policymaking process? Medeiros da Silva: First, we need to understand that the Party's mission is to take care of the country and "serve the people." In other words, the people are the top priority in the Party's theory of governance. Second, the millions of Party officials and members are the Chinese people's own sons and daughters. The Party is present in every corner of the country so that it can capture the real demands of the people more accurately. The 13th Five-Year Plan (2016-2020) identified poverty elimination as a major strategic task, which has benefited millions of people and prepared the country for new goals. Since the five-year plans set the direction for the country's economic and social development, society's participation is essential. The greater the participation of the various economic and social sectors, the more robust the planning will be. GT: Good planning is inseparable from implementation. In his book, President Xi spoke of the "nail spirit," stressing that "We must mobilize all positive factors, unite all available forces, and focus on managing our own affairs well, as we work towards our objectives with all our resolve." How do you interpret the governance philosophy behind the "nail spirit"? Why is this spirit particularly important in governing a country as large and complex as China? Medeiros da Silva: I remember very well having a rich conversation with my Chinese friend, who was translating Volume I of Xi's book into Portuguese, about this expression. In Chinese, the full phrase in the title of Xi's article is "Promote the nail spirit, following a good blueprint." The first part of the sentence literally means "applying the spirit of hammering nails." The second part emphasizes that a good plan must be followed through to the end. In both Portuguese "Seguir um bom plano" and English "Following a good blueprint," the title of the article only reproduces the main idea of the message. Although the original expression, "the spirit of hammering nails," is mentioned in translations, I believe that it is only in the original that we can fully appreciate the power and effectiveness of this metaphor. This may explain why Xi has used the phrase on several other occasions. Theory and practice are like the two wings of a bird. Both are necessary for flight to be possible. In terms of thought, I believe that the "spirit of hammering nails" reflects an approach to governance that presupposes ideological conviction, determination, dedication, persistence, constancy, acuity and knowledge. In practice, it reflects a work ethic, the ability to achieve goals, a sense of responsibility, technical and scientific expertise, an overall vision and a commitment to the country and its people. This set of values is clearly essential for successful governance and for the country to advance in its modernization process. GT: What positive impacts does it have on national development stability and continuity, and what kind of institutional advantages does it reveal about China's governance system? Medeiros da Silva: One of the defining features of China's successful governance is the Party's advanced strategic vision and ability to set clear, executable goals at each stage of the country's development. From this perspective, the Party has improved its planning and execution mechanisms, becoming more administratively efficient. Also, regional and local development is always aligned with the country's broader development objectives. This, together with the Party's ability to make the country prosper and create conditions that boost the well-being of the people, explains the question of stability and continuity, in my opinion. In other words, cohesion around well-defined principles and objectives maintains stability. View original content: SOURCE Global Times
Qatar Tribune
12-06-2025
- Business
- Qatar Tribune
China courts private tech firms to help drive next 5-year plan
Agencies China has signalled growing support for the private sector, as the head of the government department that oversees economic reform sat down with representatives of the tech industry to gather input ahead of Beijing's next five-year development blueprint, analysts said. Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), met leaders from five private enterprises to 'gather opinions and suggestions for the scientific formulation of the '15th Five-Year Plan', with a focus on technological innovation', according to a statement published by the NDRC on Tuesday. Zheng said private enterprises could play a crucial role in helping Beijing formulate its next plan, which will cover the years 2026 to 2030. The private sector 'possesses strong innovation momentum, great potential and abundant vitality', he added, making private companies 'a key force in developing new quality productive forces'. 01:29 The video player is currently playing an ad. You can skip the ad in 5 sec with a mouse or keyboard Since the start of the year, the Chinese government has struck an increasingly private-sector-friendly tone. In February, President Xi Jinping held a rare high-level meeting with business heads – the first since 2018. In May, a new private sector law came into effect, promising fairer market competition, equal market access and stronger legal protections. Peng Peng, head of the Guangdong Society of Reform, a think tank affiliated with the provincial government, said the 15th Five-Year Plan would 'focus on technology and innovation as engines [for development], which means it needs to promote new and future-oriented industries.' 'Private companies have a lot more advantages in this regard. They are the key driving force in innovation.' The five companies invited to attend the meeting were Moore Threads from Beijing, Zhejiang's Ant Group, BGI Genomics from Guangdong, Henan's Yinjinda New Materials and Sevnce Robotics from Chongqing. The firms were carefully selected to each represent a strategic emerging industry, encompassing semiconductors, the internet, biopharmaceuticals, new materials and artificial intelligence (AI), Peng said. 'From a geographic standpoint, they are from all four corners of China,' he added, with Beijing in the north, Zhejiang in the east, Guangdong in the south, Henan in the centre and Chongqing in the west. During the meeting, the business leaders asked the government to increase support in 'capital, talents, energy, data and other factors in the field of science and technological innovation'. In response, Zheng vowed the government would 'carefully study and incorporate suggestions from private companies' and provide more 'targeted policy initiatives' to support the private sector, according to the NDRC statement. 'This (increasing focus on private companies) is necessary. I'm in touch with some state-owned companies now, and they are all saying that their private counterparts are weathering the situation better,' Peng said. The draft of the 15th Five-Year Plan draft is expected to be presented for review and approval during the annual session of the National People's Congress in March 2026.
Barnama
21-05-2025
- Business
- Barnama
CGTN: China's Path To Modernisation Through High-Quality Development, Efficient Governance
KUALA LUMPUR, May 21 (Bernama) -- Chinese President Xi Jinping emphasised the importance of high-quality development and efficient governance during his recent inspection tour of Henan Province, as reported by China Global Television Network (CGTN). In a statement, CGTN said the tour spotlighted the region's strides in modern manufacturing, scientific innovation, and public sector efficiency as part of China's broader modernisation goals. A key stop on the visit was Luoyang Bearing Group Co Ltd, a traditional manufacturer that has embraced digital transformation and industrial upgrading. The firm now operates a leading domestic bearing test platform for sectors such as aerospace, wind power, and new energy vehicles, and has achieved full digitalisation using technologies such as 5G Industrial Internet of Things (IoT). President Xi lauded the company's innovations and called for deeper efforts in core technological breakthroughs and independent innovation. Xi's visit highlighted the province's role in spearheading new productive forces. Henan currently boasts over 12,000 high-tech enterprises, 27 provincial laboratories, and has seen a 62.3 per cent annual growth in technology contract transaction volume. These advances are driving sectors such as new materials, biomedicine and food technology. To support the private sector, Henan recently launched an action plan focused on innovation, market development, and talent attraction. Xi urged local leaders to align sci-tech innovation with regional strengths to build a modern industrial system. Cultural preservation was also a theme of Xi's tour. He visited White Horse Temple and the Longmen Grottoes, praising efforts to integrate culture and tourism as a means to strengthen both identity and the local economy. On governance, Xi underscored the need for efficient, law-based, and intelligent public administration. Henan has implemented smart governance tools, such as artificial intelligence-powered service platforms, to improve service delivery and reduce bureaucratic burdens on local communities. These initiatives reflect a national trend toward e-governance and rule-of-law-driven social management. As China prepares for its 15th Five-Year Plan (2026–2030), Xi reiterated the importance of harmonising development and security, ensuring that modernisation is supported by effective grassroots governance and social stability.
The South African
20-05-2025
- Politics
- The South African
Newspaper headlines from around the world - Tuesday, 20 May 2025
A bundle of newspapers on the table. Image: The South African/CANVA Here are the stories that made headlines on the front pages of newspapers worldwide on Tuesday, 20 May 2025. The Jerusalem Post's front page reported that the Prime Minister said the IDF is overtaking Gaza to block Hamas's access to aid. China Daily's front page reported that the compilation of the 15th Five-Year Plan has been prioritised. The front page of Hindustan Times reported: 'No N-signal, Pakistan wasn't tipped off — Misri tells the panel.' If you wish to stay up-to-date – for FREE – on the latest international and South African news, then bookmark The South African website for all that plus the latest in the world of finance, sport, lifestyle – and more. Did we mention it was 100% free to read …? Test your B20 knowledge with this 2-minute survey – AND WIN R2 000!
