Reference News Network, March 6 report: The Spanish website "Revolutionary Newspaper" published on March 3 an article signed by Spanish China expert Julio Ríos, titled "China's Two Sessions in the Context of the '15th Five-Year Plan'. The following is a compilation of the article:

The National People's Congress and the Chinese People's Political Consultative Conference mark the announcement of strategic priorities. This year, we will not see drastic changes, but rather fine-tuning. Looking ahead to 2026, around the core issue of the "15th Five-Year Plan," the following are some major challenges facing China.

Firstly, the transformation of the growth model. The main structural challenge remains how to orderly transition from a model based on real estate, infrastructure, and exports to one that focuses more on domestic demand, technological innovation, and advanced services.

The second key aspect remains technological self-reliance and strength. The strategic competition with the United States is no coincidence. Some restrictions in areas such as advanced semiconductors, artificial intelligence, and manufacturing equipment have reinforced China's "development security" concept. Therefore, China needs to reduce its reliance on advanced chips while avoiding technological isolation. The National People's Congress and the Chinese People's Political Consultative Conference may further emphasize indigenous innovation, reiterate investment in key strategic areas (artificial intelligence, renewable energy, biotechnology), aiming to further deepen the roadmap established by the "14th Five-Year Plan."

The third point to emphasize is financial risk management, which depends on the resolution of risks in the real estate industry and local debt. It must continue to be handled cautiously to avoid systemic crises. Ensuring stability remains the top priority.

The fourth point to emphasize is the international situation. In the context of Sino-US strategic competition, the uncertainty of the international situation seems greater than five years ago. The National People's Congress and the Chinese People's Political Consultative Conference may set the tone for the official statement on strategic stability and indicate priorities. At present, these priorities will translate into a firm stance on sovereignty and resilience in dealing with tense external situations, with economic pragmatism being the decisive factor.

In summary, we should not expect the Chinese government to formulate radical solutions, but rather to build a framework based on the content of the "15th Five-Year Plan" to address the above issues and continue to advance in the critical period of the next five years.

The core issue is whether China can maintain stability while undergoing structural transformation under adverse international conditions. The National People's Congress and the Chinese People's Political Consultative Conference this year will once again demonstrate that China can do so: driven by innovation, with security as a prerequisite, and using improved livelihood protection as a buffer, achieving moderate and steady growth.

Industrial policies are likely to undergo adjustments, and it is expected that this year's adjustments will be more targeted than in previous years.

In the field of advanced chips, it is possible that China will overcome the structural challenges caused by U.S. imposed restrictions over the next five years.

Artificial intelligence will also be a decisive factor. China's artificial intelligence may be more viewed as a production tool rather than a technological symbol.

Another important aspect is the energy transition. China has reversed its original pattern of energy use and now leads the global energy transition process in structure. China's advantages in solar panels, batteries, and electric vehicles are beyond doubt. During the National People's Congress and the Chinese People's Political Consultative Conference, it is expected that greater goals will be proposed under the premise of emphasizing energy security.

The Central Committee of the Communist Party of China's Politburo meeting held before the National People's Congress and the Chinese People's Political Consultative Conference emphasized that the "15th Five-Year Plan" period is a critical time to lay the foundation and fully exert efforts to basically achieve socialist modernization. (Translation/Wang Meng)

Original source: toutiao.com/article/7613959265031668260/

Statement: The article represents the views of the author.