By James Amoh Junior, GNA
Accra, Nov. 15, GNA – China’s ambitious Five-Year Development Plan; from 2026–2030, will play a crucial role in stabilising the global economy and advancing shared growth, Mr Tong Defa, the Chinese Ambassador to Ghana, said on Friday.
At a media briefing in Accra, the Ambassador described the upcoming 15th Five-Year Plan, as a comprehensive framework designed to strengthen China’s economic capacity.
It aims at advancing scientific and technological innovation, promoting high-quality development, and expanding global cooperation.
“With another Five-Year Plan coming, China will continue to be a major source of world economic growth despite current global uncertainties,” he said.
The Ambassador noted that decisions from the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) provided strong predictability for global markets amid growing geopolitical tensions, trade disruptions and tariff wars.
The plenary, held from October 20 to 23, reviewed progress under the ongoing 14th Five-Year Plan, analysed domestic and international trends and adopted recommendations that will guide economic and social development from 2026 to 2030.
Mr Tong said China’s long-standing development planning model had significantly contributed to global economic growth and remained central to the country’s governance system.
Since 1953, China has implemented 14 Five-Year plans, which have driven the nation’s transformation into the world’s second-largest economy.
“The Five-Year Plan is a distinctive feature and important tool of CPC governance,” he said.
“It enables China to choose the right development direction, set reasonable goals, mobilise resources efficiently and achieve results.”
Mr Tong said the new plan aimed to ensure that by 2035 China’s economic strength, scientific and technological capacity, defence capabilities and overall national power were more advanced, with per capita GDP reaching the level of a mid-level developed country.
Highlighting key priorities, the Ambassador said high-quality development would remain at the centre of the plan, with science, technology and innovation serving as the drivers of modernisation.
“China will make major investments in artificial intelligence, quantum science, high-end manufacturing, education and human capital,” he said.
China seeks to build a modern innovation ecosystem that links industry, research and talent, positioning the country as a global leader in technological advancement.
Expanding domestic demand was another core objective of the 14th Five-Year Plan period, where domestic demand accounted for an average of 86.8 per cent of China’s economic growth.
The new plan, therefore, aimed to develop a robust domestic market where new supply stimulated new demand and investment drove productivity, Mr Tong said.
He indicated that China would deepen high-standard opening to the global market, expand institutional cooperation and enhance two-way trade and investment flows.
“China is committed to making the pie of cooperation bigger, strengthening the forces of development and sharing opportunities with the world,” he noted, adding that the country would continue to support multilateralism and the international trading system.
Touching on social priorities, the Ambassador said the plan prioritised social development, including full employment, fair income distribution, high-quality education, enhanced social security and improved access to public services.
On the environment, he emphasised China’s commitment to a nationwide green transition, carbon peaking and neutrality goals, clean energy expansion, pollution reduction and ecosystem restoration.
“Green development is a defining feature of Chinese modernisation,” he said.
With China contributing nearly 30 per cent of global growth in recent years, Mr Tong said the new plan would strengthen the global economic outlook and create opportunities for countries, including Ghana, in areas like innovation, trade, investment, and industrialisation.
He added that China’s consistent long-term planning remained a stabilising force for global confidence.
He urged journalists and policy analysts to appreciate the significance of China’s planning process not only for her development but also for global economic trends.
GNA
Edited by Agnes Boye-Doe