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China's 2026–2030 plan targets growth amid aging, shrinking population by boosting incomes, reforming taxes, and expanding social safety nets.
China's 2026–2030 Five-Year Plan faces headwinds from declining population, aging society, and global uncertainty, with weak domestic demand emerging as a key growth constraint.
To counter this, officials are prioritizing increased household income and stronger social safety nets, especially for the elderly, to sustain consumption.
Key reforms aim to rebalance income distribution by boosting wages for low-income groups and moderating gains for the wealthy, expanding the middle class.
Measures include government-funded vocational training to tackle structural unemployment, especially for youth and older workers, and adapting social protections for the growing gig and AI-driven workforce.
Tax reforms and expanded transfer payments are expected to enhance public services and reduce inequality, supporting long-term, equitable growth.
El plan 2026-2030 de China apunta al crecimiento en medio del envejecimiento y la disminución de la población al aumentar los ingresos, reformar los impuestos y expandir las redes de seguridad social.