The government of China’s president Si Jing examines a new version of its overall plan to enhance the production of high -end technology goods technologyAccording to sources citing Bloomberg, marking its intention to maintain a steady manufacturing control, as President Donald Trump seeks to bring more plants back to the US.
Officers draw up plans for a future repetition of the iconic Campaign Made in China 2025according to sources, who asked not to be named by discussing consultations that are not public. Plan for the next decade will give priority in technologyincluding the chips manufacturing equipment, the sources also said, adding that it may not be named a similar name to prevent criticism from western countries.
Policy -making managers who are preparing the next five -year Pentecost of Beijing, which begins in 2026, seek to maintain the share of manufacturing in the gross domestic product (GDP) at a constant level in the medium term and in the long run, the sources said, the sources said.
As part of the discussions, officials discussed If the next five -year plan should include a numerical target for consuming its share of China GDPaccording to sources. They are currently tending against it, as authorities are worried that they do not have effective tools to stimulate household spending and are reluctant to commit to a specific number, the person said.
The content of these plans is still discussed and could undergo significant changes before they are published. The five -year plan will be made public at the next annual legislative session in March 2026, and the next construction plan could be revealed at any time, either before this meeting or afterwards, sources point out. The National Committee for Development and Reforms, China’s leading financial planning service, known as NDRC, did not answer Bloomberg questions about plans.
Even so, current discussions in Beijing show that China plans to insist heavily in a comprehensive strategy criticized by the US and Europe to feed commercial imbalances. This was a feature of US trade talks, which increased duties in China to 145% in April before reducing the average rate to about 40% after talks in Geneva earlier this month.
The Trump government seeks to push China to greater consumption, while using export controls and duties to make a “strategic decoupling” in the context of efforts to make the US autonomous in areas such as steel, medicines and semiconductors. Beijing’s resistance to these demands – including maintaining controls on rare land supplies – reflects its own concerns about national security and US efforts to prevent China from getting advanced chips and other technology.
“We might, far from strategic materials, do this together,” Finance Minister Scott Besed told CNBC on May 12. “We need more production, they need more consumption. So there is the opportunity to restore the balance together, so we will see if this is possible. ”
Chinese leaders have talked about the need to stimulate consumption as they are trying to avoid a deflationary spiral and to offset the expected decline in exports from Trump’s duties. At this year’s meeting of the National People’s Congress in March, Prime Minister Li Qiang said the “strong reinforcement of consumption” was the government’s top priority this year and urged officials to do more to “make it domestic”.
However, since then, officials have taken a few new specific measures to stimulate consumption, as are waiting to see if their spending plans are sufficient to achieve the ‘about 5%’ growth goal for this year. Chinese policymakers continue to consider him manufacturing as a core of national security and job creation, and the Deepseek’s achievement in artificial intelligence Earlier this year it increased the confidence that their strategy is working.
“We need to continue to enhance the processing sector, to adhere to the principles of self -reliance and self -improvement and to conquer basic basic technologies,” Si said on May 19 during a visit to a bearing factory in Henan province. Consumption is about 40% of China’s GDP, compared to 50% to 70% in the most developed economieswhich leads to persistent imbalances and commercial tensions.
Investmentincluding investment in manufacturing, They also make up about 40% of the economy – About twice as much as in the US and historically compared to the rest of the world. The Si government published the Made in China 2025 plan in 2015, which focuses on making China leader on everything, from electric vehicles and commercial aircraft to semiconductors and robots.
The State Council, essentially the Chinese Council of Ministers, then set the aim of turning the nation into a “medium -level” worldwide manufacturing power until 2035 and into a “great manufacturing power” by 2049 – the centenary of the establishment of the People’s Republic of China.