China 15th Five-Year Plan Economic Policy: Beijing Vows to End Conflicting Rules
China's People's Daily warns against 'compound errors' in economic policy as the 15th Five-Year Plan kicks off. Beijing aims to boost investor confidence through better coordination.
Conflicting policies are a recipe for market chaos. China's ruling Communist Party has issued a rare internal warning, urging officials to stop tripping over each other's economic measures. According to SCMP, a front-page commentary in the People's Daily published on January 9, 2026, cautioned against "compound errors" that unsettle global investors.
China 15th Five-Year Plan: Coordination Over Conflict
As the 15th Five-Year Plan period begins, Beijing is shifting its focus toward policy harmony. The editorial noted that the more complex the economy becomes, the higher the risk of policies working at odds. It's a candid admission that past regulatory whiplash—where one department tightens while another eases—has clouded business expectations and driven away capital.
The commentary was published under the pen name "Zhong Caiping," a pseudonym widely linked to the Central Financial and Economic Affairs Commission, headed by President Xi Jinping. By using such a high-level mouthpiece, the leadership is signaling that it won't tolerate bureaucratic silos that sabotage national economic goals.
Tackling 'Involution' and Market Uncertainty
This latest piece follows two other significant warnings earlier this week. One focused on stopping industrial "involution"—the cutthroat, low-quality competition plaguing sectors like EVs and tech—while the other highlighted China's economic resilience. Together, they form a narrative of a government trying to transition from chaotic growth to a more structured, "expectations-led" economy.
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