{"id":43530,"date":"2026-02-28T14:00:00","date_gmt":"2026-02-28T14:00:00","guid":{"rendered":"http:\/\/www.prnasia.com\/story\/archive\/4898439_CN98439_0"},"modified":"2026-02-28T14:00:00","modified_gmt":"2026-02-28T14:00:00","slug":"well-grounded-confidence-how-chinas-domestic-growth-drivers-propel-a-strong-start-to-its-15th-five-year-plan","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=43530","title":{"rendered":"Well-grounded Confidence! How China&#8217;s domestic growth drivers propel a strong start to its 15th Five-Year Plan"},"content":{"rendered":"\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">BEIJING<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 28, 2026<\/span><\/span> \/PRNewswire\/ &#8212; A news report from&nbsp;China.org.cn on Chinese economy:<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder4097\" align=\"center\">\n<p title=\"Well-grounded Confidence! How China\u2019s domestic growth drivers propel a strong start to its 15th Five-Year Plan\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/U6wWpE6uYbU\" frameborder=\"0\">&amp;amp;amp;amp;amp;nbsp;<\/iframe><br \/><span>Well-grounded Confidence! How China\u2019s domestic growth drivers propel a strong start to its 15th Five-Year Plan<\/span><\/p>\n<\/p><\/div>\n<p>The year <span class=\"xn-money\">2026 marks<\/span> the beginning of <span class=\"xn-location\">China&#8217;s<\/span> 15th Five-Year Plan period (2026-2030). To achieve a strong and stable start, <span class=\"xn-location\">China&#8217;s<\/span> economy relies on its powerful domestic growth drivers, as well as its unique systematic advantages.<\/p>\n<p>In today&#8217;s world, the scarcest resource is the market. <span class=\"xn-location\">China<\/span>, with its 1.4 billion people and the world&#8217;s most complete industrial system, is steadily reinforcing its unified national market, catalyzing the country&#8217;s economic development. In the Yangtze River Delta, a new energy vehicle (NEV) manufacturer can quickly secure all necessary components \u2014 from battery materials in Ningde to smart screens in <span class=\"xn-location\">Shanghai<\/span> \u2014 within just four hours. In the <span class=\"xn-location\">Beijing<\/span>&#8211;<span class=\"xn-location\">Tianjin<\/span>&#8211;<span class=\"xn-location\">Hebei<\/span> region, manufacturing materials can also be swiftly reallocated and dispatched via land ports, despite administrative boundaries. Across <span class=\"xn-location\">China<\/span>, authorities are accelerating efforts to break down administrative barriers and facilitate the free flow of economic resources, enabling optimal resource allocation for more industries nationwide. The organic integration of the unified national market is a vivid embodiment of <span class=\"xn-location\">China&#8217;s<\/span> economic resilience and strength.<\/p>\n<p>The consumption engine continues to gather momentum, injecting renewed vitality that supports the long-term strength of the Chinese economy. <span class=\"xn-location\">China<\/span> is home to the world&#8217;s largest middle-income group and an enormous domestic consumer market with immense potential. In the past year, domestic demand contributed over 67% of <span class=\"xn-location\">China&#8217;s<\/span> GDP growth. Buoyed by the consumer goods trade-in program, retail turnover for home appliances and communication devices have both surpassed the <span class=\"xn-money\">one trillion yuan<\/span> mark. Trendy toy IPs continue to gain traction, micro-dramas have risen rapidly, and a single performance can make an entire city go viral. Such new types of service-oriented consumption centered on new scenarios, business formats and operating models are emerging as potential fresh growth drivers for <span class=\"xn-location\">China&#8217;s<\/span> consumption market. As consumption upgrading gathers pace, it is also steadily shouldering the main responsibility for driving <span class=\"xn-location\">China&#8217;s<\/span> economic growth.<\/p>\n<p>More targeted investment is delivering greater efficiency. As one of the three drivers of economic growth, investment in <span class=\"xn-location\">China<\/span> has shifted from a broad &quot;flood-style&quot; approach to targeted measures that aim to bolster weak links. For example, new infrastructure projects like the national computing power hubs have been rolled out and generated tangible results; livelihood-focused investments such as the renovation of old residential communities and the construction of social-security housing have brought warmth to many; investments in manufacturing technological upgrading have consistently improved productivity among traditional industries. By directing investment towards the real economy, improvements to well-being and industry upgrading, <span class=\"xn-location\">China<\/span> is not only stimulating economic growth in the present, but also building momentum for the long term, ensuring that every yuan invested delivers maximum impact.<\/p>\n<p>The momentum of technological innovation is picking up pace, becoming a new engine that spurs development. <span class=\"xn-location\">China&#8217;s<\/span> core AI industry has exceeded <span class=\"xn-money\">1 trillion yuan<\/span>, with &quot;AI+&quot; business formats mushrooming in industrial and commercial sectors. <span class=\"xn-location\">China&#8217;s<\/span> NEV production and sales have ranked first globally for 11 consecutive years; cutting-edge technologies like gene editing and cell therapy have provided new solutions for treating complex diseases. The new system for mobilizing resources nationwide has helped break through key technological bottlenecks, and fruits of technological innovation are rapidly moving from the lab onto production lines, fueling economic development with a steady surge of new momentum.<\/p>\n<p>From the scale advantage of a unified national market to the domestic vitality of consumption, and from the effective boost of targeted investments to the core drive of technological innovation, the intrinsic forces propelling <span class=\"xn-location\">China&#8217;s<\/span> economy are going from strength to strength, with the country&#8217;s systematic advantages becoming ever more pronounced. These forces empower one another, creating a powerful synergy that makes a solid start to the 15th Five-Year Plan not only a clear target, but also an inevitable outcome.<\/p>\n<p><b><i>Well-grounded Confidence! How <span class=\"xn-location\">China&#8217;s<\/span> domestic growth drivers propel a strong start to its 15th Five-Year Plan&nbsp;<br \/><\/i><\/b><i><u><a href=\"http:\/\/www.china.org.cn\/video\/2026-02\/28\/content_118351275.shtml\" target=\"_blank\" rel=\"nofollow noopener\" style=\"color: #0000FF\">http:\/\/www.china.org.cn\/video\/2026-02\/28\/content_118351275.shtml<\/a><br \/><\/u><\/i><b><i>China Mosaic&nbsp;<br \/><\/i><\/b><u><i><a href=\"http:\/\/chinamosaic.china.com.cn\/\" target=\"_blank\" rel=\"nofollow noopener\" style=\"color: #0000FF\">http:\/\/chinamosaic.china.com.cn\/<\/a><\/i><\/u><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Feb. 28, 2026 \/PRNewswire\/ &#8212; A news report from&nbsp;China.org.cn on Chinese economy: &amp;amp;amp;amp;amp;nbsp;Well-grounded Confidence! How China\u2019s domestic growth drivers propel a strong start to its 15th Five-Year Plan The year 2026 marks the beginning of China&#8217;s 15th Five-Year Plan period (2026-2030). To achieve a strong and stable start, China&#8217;s economy relies on its powerful [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-43530","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Well-grounded Confidence! 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