Photorealistic image of President Xi Jinping and delegates at China's Two Sessions in Beijing, deliberating the 15th Five-Year Plan amid grand banners and flags.
Photorealistic image of President Xi Jinping and delegates at China's Two Sessions in Beijing, deliberating the 15th Five-Year Plan amid grand banners and flags.
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China's 'two sessions' open to deliberate 15th Five-Year Plan

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Building on priorities set at the December 2025 Central Economic Work Conference, the fourth session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) opened in Beijing on March 4, 2026, with President Xi Jinping in attendance. The fourth session of the 14th National People's Congress (NPC) convenes March 5-12 to deliberate the government work report and draft outline of the 15th Five-Year Plan (2026-2030). Spokesperson Lou Qinjian highlighted plans to expand opening-up, boost consumption, and advance sci-tech self-reliance amid ongoing economic pressures.

The CPPCC session opened at the Great Hall of the People, where Chairman Wang Huning reported that the CPPCC handled 5,992 proposals in 2025 with a 99.9% handling rate.

The NPC session will review key documents including the government work report, 15th Five-Year Plan draft, budget reports, and bills like the environmental code. Lou Qinjian noted China's robust manufacturing base and projected middle-income population exceeding 800 million, creating vast market potential.

Emphasizing opening-up during the 15th Five-Year Plan period, China aims to expand institutional openness, protect multilateral trade, and foster two-way investment. 2025 saw breakthroughs in humanoid robots, with calls for global collaboration on ethics. Lawmakers will advance laws on childcare, social assistance, and medical insurance to enhance livelihoods and consumption. China also urged halting Middle East military actions, respecting Iran's sovereignty, and opposing external interference.

These sessions launch the 15th Five-Year Plan era, prioritizing high-quality development, new quality productive forces, and green transitions.

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X discussions on China's Two Sessions opening reflect diverse views: pro-China voices highlight stability, high-quality development, and the 15th Five-Year Plan's focus on innovation and consumption; analysts note priorities like boosting domestic demand amid economic pressures; skeptics criticize it as a rubber-stamp event, point to military purges, human rights issues, and doubts over growth targets.

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Realistic illustration of China's 2026 Two Sessions press conference highlighting GDP growth targets and leaders including Premier Li Qiang and Xi Jinping.
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Economy press conference highlights from China's 2026 Two Sessions

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Following Premier Li Qiang's government work report setting a 2026 GDP growth target of 4.5-5%, Zheng Shanjie of the National Development and Reform Commission projected over 6 trillion yuan GDP growth this year at the NPC economy press conference. The service sector is expected to exceed 100 trillion yuan during the 15th Five-Year Plan (2026-2030). Leaders including Xi Jinping emphasized high-quality development amid the sessions.

Chinese leaders convened in Beijing on December 10-11 for the annual Central Economic Work Conference, where Xi Jinping delivered a keynote speech reviewing 2025 economic performance, assessing challenges, and outlining 2026 priorities. The meeting emphasized boosting domestic demand, fostering innovation, deepening reforms, and expanding opening-up to promote high-quality development.

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Premier Li Qiang delivered the government work report to China's National People's Congress on March 5, 2026, setting a 2026 GDP growth target of 4.5-5% and outlining priorities for the 15th Five-Year Plan (2026-2030), including technological innovation, economic security, public well-being, energy production and decarbonisation. The report announced 20 growth targets across economy, technology, healthcare and more, plus 109 major projects in six areas—up from 102 previously—to support doubling 2020 per capita GDP by 2035.

North Korea's ongoing party congress discussed five-year plans and goals for key sectors on its sixth day. State media reported study and consultative meetings covering the economy and party work. No mention has been made of foreign policy yet.

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North Korean leader Kim Jong-un opened the ninth congress of the Workers' Party of Korea, pledging to boost the economy amid Western sanctions. The rare meeting, held every five years, will outline policies on defense, diplomacy, and economy. China has applauded the conclave, emphasizing strong bilateral ties.

The State Administration of Foreign Exchange has announced plans to expand high-level institutional opening-up in the forex sector and deepen facilitation reforms in 2026. The announcement came at the administration's annual work conference held on Monday and Tuesday. These steps aim to support cross-border trade and financial services.

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Hong Kong Chief Executive John Lee Ka-chiu praised the city's delegates to China’s top political advisory body as a “steadfast patriotic force” while hosting vice-chairman Jiang Zuojun of its 14th National Committee at Government House.

 

 

 

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