China approves proposals for 15th Five-Year Plan

The fourth plenary session of the 20th Central Committee of the Communist Party of China has concluded in Beijing.

According to a communique released on Thursday, participants adopted recommendations for formulating the 15th Five-Year Plan that casts visions for economic and social development.

The CPC Central Committee's Political Bureau presided over the meeting where President Xi Jinping delivered an important address and presented a work report.

The committee has fully affirmed the work of the bureau since the third plenary session of the 20th CPC Central Committee.

China is on the verge of accomplishing the major goals and tasks of the 14th Five-Year Plan.

The draft recommendations of the upcoming plan, covering the period from 2026 to 2030, were deliberated over and adopted by participants.

Key catogories mapped out include bolstering China's high-quality development, technological self-sufficiency, reforms and improving people's quality of life.

Congratulating the successful closing of the session, Chief Executive John Lee hailed the plan as a milestone that provides a strategic blueprint. He said it carries great significance to the development of the nation and the city.