A document of recommendations from the Central Committee of the Communist Party of China (CPC) has sketched out China's development priorities for the 2026-2030 period, senior officials revealed at a press conference on Friday.

In the 1950s, the focus was on building factories. In the 1980s, it was about economic reform. In the 2000s, it was about opening up to the world. And now, it's about embracing technological self-sufficiency.

China's Communist Party elite vowed on Thursday to build a modern industrial system and make more efforts to achieve technological self-reliance, moves it sees as key to bolstering its position in its intensifying rivalry with the United States.

Countries worldwide are buying more than ever from China, but domestic consumption is lagging and government stimulus efforts aren’t working.

China's top leaders have pledged to boost the country's self-reliance in advanced technologies and spur stronger domestic demand over the next five years

"China will always be an important opportunity for global development," Xie said, pointing to the country's "huge and ever-expanding consumption market" of 1.4 billion people, with "the world's most complete industrial system" and "a thriving global innovation hub".

The Central Committee of the Communist Party of China convenes behind closed doors in Beijing this week for its fourth plenary session, with charting a five-year plan for the country's social and economic roadmap topping the agenda.

An important turning point in China’s policy and governance orientation was reached this week as the 20th Central Committee of the Communist Party of China (CPC) held its fourth plenary session in Beijing.

A globally networked system is not only more secure than dependence on a single country but also more innovative, more resilient and more stable.

The focus is squarely on a production-led development model, with a “modernized industrial system” the priority.