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China's 2026–2030 plan shifts to people-centered growth with investments in education, healthcare, and skills, but spending falls short of boosting demand.
China is shifting to a people-centered economic model, prioritizing human capital investment in its upcoming 15th Five-Year Plan (2026–2030), with goals to boost education, healthcare, and workforce skills.
Premier Li Qiang highlighted increased spending on social safety nets, vocational training, and elder care, aiming to raise education levels, expand medical capacity, and support household income and consumption.
While the strategy marks a move from past infrastructure-driven growth, recent fiscal measures fall short of expectations, with analysts noting limited new spending to stimulate demand.
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El plan chino para 2026–2030 se orienta hacia un crecimiento centrado en las personas, con inversiones en educación, sanidad y competencias, pero el gasto no logra impulsar la demanda.