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                           — China Daily Op-Ed —



                     Five-year plan offers US new


                                     cooperation path



                              This article was written by Harley Seyedin and James Eric Black, and originally published
                                                 on China Daily, July 10, 2025.

                hina's five-year plans have been instrumental in   Rather than reducing engagement, the emerging
             Cthe country's modernization and development      global environment calls for practical, forward-
             for the past more than seven decades. This year   looking cooperation between the two sides. In
             marks the conclusion of China's 14th Five-Year Plan   this regard, the 15th Five-Year Plan could play a
             (2021-25) period, and the 15th Five-Year Plan (2026-  major role in facilitating cooperation by creating
             30) will outline strategies to navigate uncertainties   mechanisms that align with their shared interests.
             through policies described as "high-standard      The key areas for enhanced US-China economic
             opening-up", and focus on the development of "new   cooperation in the 15th Five-Year Plan are likely
             quality productive forces".Terms such as "high-   to include sustainable development and climate                       to better protect intellectual property rights and
             standard opening-up" and "new quality productive   solutions. China is expected to continue its                        maintain data transparency.
             forces" reflect the Chinese leadership's evolving   drive to realize its dual climate goal: peaking                    Of course, the digital economy will be a pillar
             economic and political agenda.                    carbon emissions before 2030 and achieving                           of the 15th Five-Year Plan, with its goals likely
                                                               carbon neutrality before 2060. The plan will likely
             The Chinese leadership also realizes the importance   place strong emphasis on clean energy, energy                    to include infrastructure upgrade, expanded
             of the country's economic relationship with the   efficiency, circular economic practices and green                    5G coverage and digital trade facilitation. This
             United States. The China-US economic relationship   urban development.                                                 should open other areas of mutual benefit such as
             is not only vast but also essential to global stability.                                                               cooperation in cross-border e-commerce, logistics
             Despite evolving dynamics and strategic competition,   The expectation is that the US will collaborate in              and cloud services, interoperability of digital
             the world's two largest economies remain deeply   more solar, wind and hydrogen energy technologies,                   payment systems and digital trade platforms,
             intertwined economically-linked by supply chains,   establish new joint ventures in green building                     and shared digital governance frameworks that
             markets, investments, and innovation ecosystems.   materials and energy storage, and participate in                    support fair and open access.
             This interdependence creates a strong foundation   China's carbon trading and climate finance markets.
             for continued Sino-US cooperation, especially as   Healthcare and life sciences are other fields in which              Furthermore, financial liberalization is expected
             China officially unveils its 15th Five-Year Plan.  the two sides can strengthen collaboration.                         to be advanced, and reforms may continue
                                                               China's demographic trends, including a rapidly                      focusing on deeper capital markets, innovation    with transparent policy environments. Such initiatives
             The five-year plans are much more than policy     aging population, call for innovation in and universal               in green and inclusive finance, and broader       can reduce friction, increase predictability, and
             documents. They serve as strategic road maps      access to healthcare. And since the plan is likely                   participation by international institutions. And   ensure that economic engagement continues to
             shaping China's economic, social and geopolitical   to encourage digital healthcare infrastructure and                 US firms may find new opportunities in areas      evolve in a mutually beneficial direction.
             trajectories. Accordingly, the 15th Five-Year Plan is   telemedicine partnerships, the US and China could              such as asset management, insurance, fintech
             expected to set the strategic direction for China's   deepen cooperation in these fields, especially                   ventures, environmental, social and corporate     The new five-year plan will be a vision for shared
                                                                                                                                                                                      prosperity, and offer a unique opportunity to build
             development in a new phase of modernization.      because US companies are global leaders in                           governance, sustainable finance partnerships, and
             Also, the plan offers a key opportunity to the US to   pharmaceuticals, medical devices, and digital                   joint platforms for the internationalization of the   bridges. For US companies, it represents a chance
             strengthen bilateral collaboration, and will create a   healthcare and eldercare services.                             renminbi and capital allocation.                  to engage with one of the world's most dynamic
             myriad of new opportunities for foreign, including                                                                                                                       markets in areas that matter for the future-clean
             US, businesses.                                   Innovation, however, will remain at the heart of                     We expect the 15th Five-Year Plan's institutional   energy, public health, advanced technology and
                                                               China's development policy. The 15th Five-Year Plan                  mechanisms to expand long-term cooperation and    inclusive finance.
             Besides, Sino-US trade and investment ties remain   is expected to give a shot in the arm of advance                   engagement between US and Chinese stakeholders
             robust. In 2024, bilateral trade exceeded $580 billion,   manufacturing, semiconductor, artificial intelligence,       through public-private dialogue platforms to address   Together, the US and China can show that
             and many US companies continue to see China       robotics and space technology sectors. Keeping                       regulatory and trade issues. The plan also calls for   economic cooperation and strategic competition
             as a vital market for growth, manufacturing and   that goal in mind, China may build more technology                   joint innovation hubs in fields such as climate tech   can coexist, and that collaboration — when rooted
             innovation. On the other hand, China has benefited   parks with foreign R&D centers, set standards for                 and AI, education, and talent exchange programs in   in transparency, mutual respect and common
             from US technology, capital and services.         AI ethics and cybersecurity, and take measures                       order to increase knowledge-sharing, and regional   purpose — can deliver meaningful benefits to the two
                                                                                                                                    demonstration zones for foreign-invested enterprises   countries and the world.











       25    AMCHAM SOUTH CHINA                                                                                                                                                                                   SOUTH CHINA BUSINESS JOURNAL    26
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