1、 2026 KPMG Huazhen LLP,a Peoples Republic of China partnership,KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland,KPMG,a Macau SAR partnership,and KPMG,a Hong Kong SAR partnership,are member firms of the KPMG global organisation of independent member firms affiliated with KP
2、MG International Limited,a private English company limited by guarantee.All rights reserved.Embarking on a New JourneyMacro Trends and Outlook for the 15th Five-Year Plan PeriodKPMG.Make the D 20261 2026 KPMG Huazhen LLP,a Peoples Republic of China partnership,KPMG Advisory(China)Limited,a limited l
3、iability company in Chinese Mainland,KPMG,a Macau SAR partnership,and KPMG,a Hong Kong SAR partnership,are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.With 2026
4、the Year of the Horse China enters the opening year of its 15th Five-Year Plan.The“15th Five-Year Plan”period represents a critical juncture:one in which the country should consolidate its foundations and bring its full capabilities to bear as it pursues socialist modernisation.It is also a period i
5、n which strategic opportunities and significant risks exist side by side,as uncertainty grows and hard-to-predict variables multiply.Internationally,the global economic recovery remains uneven and arduous.Geopolitical conflicts are erupting with greater frequency,undercurrents of deglobalisation are
6、 gaining strength,and the technological revolution has become deeply entangled with great-power rivalry.Together,these forces are reshaping global governance and rapidly redrawing industrial and supply chains.Domestically,China retains robust long-term advantages:an ultra-large-scale consumer market