Interview: China's upcoming 15th Five-Year Plan offers stability, hope for global development: BiH expert

SARAJEVO, Nov. 7 (Xinhua) -- China's 15th Five-Year Plan (2026-2030) in-the-making offers stability for global economic prospects and brings "big hope" to small countries, Gavran Igor, an economic analyst from Bosnia and Herzegovina (BiH), has said.

"The priorities are designed not only to serve China's national interests, but also to offer a vital alternative model for global development, peace and mutual prosperity," Gavran told Xinhua in a recent interview, commenting on China's newly adopted Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development.

He said it outlines comprehensive goals for high-quality development, technological self-reliance, green transition, and high-level opening up, creating new horizons for mutually beneficial cooperation and reflecting China's determination to advance modernization while contributing to global peace and shared development.

"One of the biggest impacts I expect is the wider dispersion of technological innovation and the expansion of areas where such high-quality semiconductors and related products are made," he said.

According to Gavran, small countries like BiH are gaining access to new technologies from China, thus reducing their dependence on a handful of Western corporations that have dominated the sector.

China's emphasis on green and low-carbon development brings optimism, he added.

In the current shifting geopolitical context, Gavran said China's upcoming 15th Five-Year Plan is sending a signal of stability, adding that the continuity of policy planning is one of the strongest advantages of China's governance model, institutionalized through five-year planning cycles.

"Many countries say they have long-term development plans, but they often change when governments change. In China, planning is truly long-term," he said, emphasizing that China's strategic vision extends beyond five years to decades and even centuries.

Gavran also commended China's emphasis on inclusive growth objectives such as common prosperity and poverty reduction, saying it contrasts with the often ineffective trickle-down approach in many Western countries.

"For smaller economies like BiH, China's plan spreads optimism that a fairer world order based on mutual interests and win-win cooperation is possible," he said. Enditem