New Quality Productive Forces to Drive China's Manufacturing Growth in 15th Five-Year Plan

Published: May 21, 2025 11:47

Save

["[New quality productive forces will become the strongest driving force for the development of the manufacturing sector in the 15th Five-Year Plan]", said Huang Qifan, academic advisor of the China Finance 40 Forum and former mayor of Chongqing. He noted that after more than a decade of development, a considerable number of products in China's top 10 manufacturing sectors have achieved global leadership or are on par with those of developed countries. The situation where China's manufacturing sector was \"large but not strong\" and dominated by mid-to-low-end products has transformed into one where it is \"large and relatively strong\" or \"large and strong\". From the formulation of the 15th Five-Year Plan in 2025 to its full implementation from 2026 to 2030, and then to the long-term development goals for 2040, the central government has set a clear direction for the development of China's manufacturing sector: to promote the development of new quality productive forces. New quality productive forces will become the most powerful driving force for the development of China's manufacturing sector in the 15th Five-Year Plan and even in the long-term plan for 2040."]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip

[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.

17 hours ago

High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches

[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.

17 hours ago

Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu

[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.

17 hours ago