The 15th Five-Year Plan targets 70% AI penetration across the Chinese economy by 2027 and 90% by 2030. It designates humanoid robotics as a core-pillar industry with output doubling over five years. It commits to space-earth quantum communication networks, nuclear fusion timelines, and brain-computer interfaces. It sets AI-related industries at a target value exceeding approximately US$1.38 trillion ($1.75 trillion).
Global chaos has overwhelmed much of the reporting of China’s Two Sessions which set the economic outlook and strategy for the next year. The reporting focus is on the lower growth targets for China. The 4.5 to 5% target should come as no surprise: as large economies mature, their growth slows. It is a function of size, and not an indication of collapse.
There were no grand shocks or surprises and the reports contained little that was not already anticipated and foreshadowed in reports leading up the meeting.
