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flag China's 2026–2030 plan shifts to people-centered growth, boosting education, healthcare, and skills, but spending falls short of demand-stimulating goals.

flag China is shifting toward investing in human capital as a central strategy for sustainable growth, with its upcoming 15th Five-Year Plan emphasizing education, workforce skills, and social equity. flag Premier Li Qiang highlighted increased spending on public well-being, including goals to raise average education to 11.7 years, expand elderly care to 73% coverage, and boost doctors to 3.7 per 1,000 people. flag While the plan signals a move from export-led growth to innovation and domestic demand, fiscal measures like trade-in and interest subsidy programs fall short of expectations, with analysts noting limited new spending to boost consumption.

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