People's Financial News | Guolian Minsheng: Technological Innovation, Expanding Domestic Demand, and Opening-Up Identified as Three Directions of Strategic Breakthrough During the 15th Five-Year Plan Period

People's Financial News, March 26 — A research report by Guolian Minsheng Securities indicates that technological innovation, expansion of domestic demand, and opening-up to the world will serve as the three major areas for strategic breakthrough during the 15th Five-Year Plan period. First, the plan dedicates a chapter to "accelerating high-level Sci-tech self-reliance", marking a shift in the role of technological innovation from a supporter to a leader. Second, it sets "a marked increase in the household consumption rate" as a core objective, emphasizing key goals such as expanding consumption capacity, service consumption, and new forms of consumption. Third, greater emphasis is placed on autonomous opening-up, with a focus on the service sector and the addition of "unilateral opening-up". Guolian Minsheng Securities also noted that, centering on the modern industrial system and new quality productive forces, investment opportunities during the 15th Five-Year Plan period will mainly cover five sectors: machinery equipment and materials, biopharmaceuticals, power and new energy equipment, TMT, and defense. (Securities Times, Xu Ying)