Dean Jun Qian Visits CGTN Dialogue to Make In-depth Analysis on the Future Landscape Envisioned in the “15th Five-year” Plan | Info

Release time：2025-10-24    

How will China’s next five-year plan lead the new journey of modernization? How to promote the dual-wheel drive of technological innovation and domestic demand stimulation? In the context of an increasingly complicated global situation, what kinds of opportunities will China’s sustainable development bring to the whole world?

On the evening of October 20^th 2025, Jun Qian, Executive Dean of Fudan International School of Finance and Professor in Finance, visited the Dialogue column of China Global Television Network (CGTN) to have an in-depth dialogue focusing on the formulation of the “fifteenth five-year plan”. Guests participating in this dialogue also included David Mahon, Director of Ma Hong (China) Investment Management Co., Ltd., and Hao Hong, Managing Partner and Chief Investment Officer of Lotus Asset Management Company Limited. Together, they analyzed and interpreted the development blueprint and future vision for the next five years.

On the morning of October 20^th, the Fourth Plenary Session of the 20^th Central Committee of the Communist Party of China commenced in Beijing. General Secretary of the Central Committee Xi Jinping delivered a work report to the plenary session on behalf of the Political Bureau of the Central Committee, and offered explanations on the Proposal of the Central Committee of the Communist Party of China for Formulating the 15^th Five-Year Plan for National Economic and Social Development (Discussion Draft).

Jun Qian

Executive Dean of Fudan International School of Finance

Professor in Finance

Jun Qian said that China’s five-year plans are a unique mechanism elaborating on the goals that the country aims to achieve in the economic and social spheres, along with the relevant pathways, from both macro and intermediate levels. For economic growth and financial system development, five years is a significant cycle: a longer cycle with more uncertainties will make it hard to achieve the goals set initially; while a shorter cycle may give too many considerations to accomplishing short-term goals and thus neglect the formulation and implementation of medium- and long-term goals. Globally, among major economies, few have consistently formulated, implemented and assessed five-year plans over the past seven decades as China has. And with China going through a vital moment for high-quality development right now, the next five-year plan is essential to both China and the world.

Talking of high tech and technological fields, Jun Qian stated that technology-driven industries would continue to grow and that China would play a more important role globally in the next five years. Currently there are two major trends: one is that more Chinese enterprises are going global, entering more emerging markets; and the other is that when they “go out”, they are also taking out technologies and management experience domestically developed in China. In consequence, China is expected to share the value creation brought by such technologies with more people worldwide, bringing technological improvement and efficiency gains to all industries while also raising the life quality of a wider range of people all over the world. Qian also noted that the application of artificial intelligence, whether in traditional industries, emerging industries or the consumer service industry, will become a new driving force for economic growth, as well as a key motivation to create more and better employment opportunities.

Given the rapidly evolving global landscape, the coming years are likely to witness accelerated development in RMB internationalization from a financial perspective.

In terms of RMB internationalization, Jun Qian mentioned three stages. The first-stage goal of making the RMB one of the major currencies for trade settlement (especially those related with China) has basically been achieved, and the third stage is the last step for RMB to become a major reserve currency. In this light, the second stage is extremely critical and noteworthy in the next five years: apart from offering global investors a greater variety of RMB-denominated assets, the financial system shall also provide convenience and services for the RMB financing in the capital markets of both domestic and international enterprises (at home and abroad); in short, the core of the second stage is to establish RMB as a major “investment currency” in the world.

When it came to boosting consumption, Jun Qian considered it right to set the goal of increasing the share of consumption in GDP. However, to achieve this goal, cross-sectoral and cross-segmental coordination among the government, the economy and the capital markets is a must. Just as stated previously, the significance of five-year plans lies not just in goal setting, but also in determining the methods and pathways to achieve such goals. Seeing from the short term, Qian added, in addition to various methods including increasing residents’ (disposable) income, a comprehensive stabilization and recovery of the real estate market will also provide a significant boost to the consumption of urban residents.