Reference News Network November 11 report: Australia's "Pearls and Perils" website published an article titled "China's Layout for the Future with the 14th Five-Year Plan" on November 10. The author is John Quigley. The article excerpts are as follows:

China has outlined the blueprint for its 14th Five-Year Plan (2026-2030) through the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China held in October.

This stands in sharp contrast to another superpower, the United States. U.S. policies fluctuate between different economic plans, and their changes seem to be rarely, if ever, logically grounded.

So what goals has China set for the next five years? First of all, it should be noted that this session did not make a sudden shift from the direction set by the previous plan. This consistency and continuity in planning brings predictability. Investment flows, trade planning, infrastructure development, and the identification and prioritization of new technologies all benefit from this coherent planning model. These factors are key to China's continued rise.

In the "14th Five-Year Plan," China is committed to completing the transition to an advanced, innovation-driven economy.

In previous plans, China has accurately identified and cultivated many emerging technologies. For example, the development of green energy, progress in the electric vehicle sector, digital infrastructure construction, robotics technology, and the mining and processing of rare earths required in these areas. Through meticulous long-term planning, China has already taken the lead in all these fields, while continuing to make new breakthroughs in areas such as quantum computing, 6G, semiconductors, green hydrogen, biotechnology, and nuclear fusion energy.

Given that the United States has led actions to restrict China's access to semiconductors, advanced chips, and artificial intelligence technologies, the new five-year plan emphasizes at a strategic level the necessity of achieving self-reliance and control in these technological fields.

One of the focuses of the new plan is the deep integration of scientific and technological innovation with industrial innovation. The plan also clearly states that economic development is not for development's sake, but rather to improve social equity and welfare levels by expanding social services, and to support sustainable growth in environmental aspects.

Certainly, this state-supported plan will not only benefit Chinese enterprises and investors, but also global participants. The "14th Five-Year Plan" further demonstrates that China will expand its opening up by providing stable policies and predictable market environments. To this end, China will continue to welcome foreign investment and international cooperation. The development of China's high-tech industry has strong appeal for global investors eager to invest in new growth areas.

Against the backdrop of global free trade being hit, the "14th Five-Year Plan" also emphasizes expanding domestic consumer demand within the framework of the "dual circulation." To achieve this goal, the plan proposes to increase residents' income and create more employment opportunities.

Especially over the past 45 years, the continuous implementation of the Five-Year Plans has kept China growing rapidly. Despite the headwinds in the global economy, the meticulous strategic thinking behind the new plan will lay a solid foundation for China to maintain stable growth. (Translated by Lin Zhaohui)

The opening ceremony of the 15th National Games was held at the Guangdong Olympic Sports Center on November 9. This is a robot performance during the opening ceremony on that day. (Xinhua News Agency)

Original article: https://www.toutiao.com/article/7571359251357041198/

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