Liu Shijin: "The 15th Five-Year Plan period is a critical period for China's economy to transition from being driven by investment and exports to being driven by innovation and consumption."

Liu Shijin, Vice Director of the Economic Committee of the 13th National Committee of the Chinese People's Political Consultative Conference and former Vice Director of the Development Research Center of the State Council, stated at the Sina Finance 2025 Annual Conference and the 18th Golden Unicorn Forum on the 15th that after more than 30 years of rapid growth, China's economic growth gradually shifted from high speed to medium speed starting in the first quarter of 2010. The main challenge faced by economic growth has shifted from supply constraints to demand constraints, with the main issue being insufficient consumption rather than insufficient investment and exports. Against this background, during the "13th Five-Year Plan" period, a new growth framework needs to be established, with the basic theme being a shift from investment and export-driven growth to innovation and consumption-driven growth.