China’s top economic planner outlines policy priorities to boost economic resilience after nation secures solid Q1 growth
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China's top economic planner outlined policy priorities to boost economic resilience after the country reported 5% GDP growth in the first quarter. The growth was attributed to China's complete industrial system, enormous domestic market, and strong economic resilience.
China's National Development and Reform Commission (NDRC) held a press conference to discuss the country's economic performance during the 15th Five-Year Plan period (2026-30). The NDRC attributed the 5% GDP growth in the first quarter to China's highly complete industrial system and enormous domestic market. The economy's strong resilience and shock resistance were also cited as key factors. The NDRC outlined policy priorities to boost economic resilience, including strengthening energy and resource production, promoting green transformation, and enhancing industrial and supply chain security. The government has also implemented measures to stimulate consumption and accelerate major projects. China's economic performance is expected to have positive spillover effects for the Asian region and the world.
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