Beijing, March 24: The China Development Forum 2026 was held on March 22 and 23 in Beijing. This year’s theme was “China During the 15th Five-Year Plan: High-Quality Development and New Opportunities for Shared Creation.”
Officials from various departments, including the Ministry of Finance, the central bank, and the National Energy Administration, addressed key economic policies. They discussed high-quality development, new trends in consumption growth, and global green and low-carbon transitions.
Chinese Finance Minister Lan Foan stated that public investment will be increased over the next five years. He emphasized a proportional rise in fiscal spending on public services.
Pan Gongsheng, Governor of the People’s Bank of China, announced that the bank will enhance financial support for China’s economic restructuring while maintaining a moderately accommodative monetary policy.
Han Wenxiao, Deputy Director in charge of daily operations at the Central Financial and Economic Affairs Commission of the Communist Party, highlighted the need to boost consumption’s contribution to economic growth. He called for promoting domestic demand and developing a consumption-based, indigenous economic model.
An official from the National Energy Administration noted that China will pursue multi-energy integration and development to build a secure and resilient energy system.
(Source: China Media Group, Beijing)
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