China's 15th five-year plan to boost consumption, investment and green energy transition

BEIJING: China’s 15th Five-Year Plan (2026–2030) will significantly increase the share of household consumption in the economy, as the country seeks to unlock the full potential of its vast domestic market, according to the National Development and Reform Commission (National Development and Reform Commission).

Briefing the media, NDRC Vice Chairman Wang Changlin said China will implement a dedicated consumption expansion strategy during the plan period, aiming to ensure stable incomes, stronger consumer confidence, and an improved consumption environment that encourages spending. The policy shift is designed to strengthen consumption as a key driver of long-term economic growth.

Wang added that China’s fixed-asset investment showed a rebound in early 2026, rising by 1.7 percent after a previous decline. Infrastructure investment recorded particularly strong growth, reflecting renewed momentum in public and strategic projects across the country.

To sustain this recovery, China will increase the use of government investment to attract private capital into major projects. Authorities plan to deploy 755 billion yuan in central budget investment and 1 trillion yuan in ultra-long-term special treasury bonds by the end of June. Officials also aim to strengthen long-term mechanisms for private sector participation, particularly in emerging sectors such as the digital economy, artificial intelligence, and commercial aerospace.

The plan also places strong emphasis on green transformation in the energy sector. It outlines a “10-year doubling action” for non-fossil energy, under which supply is expected to grow substantially by 2030 compared to 2025 levels and double again by 2035.

China aims to align economic growth with its carbon peaking and neutrality targets while accelerating the development of a modern clean energy system, as part of its broader transition toward sustainable development and energy security.