China’s NDRC Consults Private Firms, Signaling 2025 Focus on Investment and Resource Support

On November 6, Zheng Shanjie, Chairman of China’s National Development and Reform Commission (NDRC), hosted a symposium with private enterprises to solicit feedback on economic performance and policy priorities for 2025. Representatives from sectors including petrochemicals, electronics, livestock, and advanced materials highlighted concerns regarding financing, energy access, policy implementation, and market competition. The NDRC emphasized its commitment to advancing the "15th Five-Year Plan" and the "Six Networks" major infrastructure projects, aiming to broaden participation for private investment. Official data shows that private investment in China fell 10.4% year-on-year in the first nine months of 2024. Consequently, policy support is increasingly shifting toward project promotion, resource guarantees, and improving the broader market environment.