# China's Fourth-Quarter Growth Plan

> China's NDRC and MIIT unveil domestic demand and smart manufacturing policies to boost growth amid private investment decline.
- Title: China's Fourth-Quarter Growth Plan · BigGo Finance | Shortify
- Summary: China's NDRC and MIIT unveil domestic demand and smart manufacturing policies to boost growth amid private investment decline. China's government plans to…
- Keywords: china, ndrc, miit, domestic demand, smart manufacturing, private investment, economic growth, fourth quarter, finance, markets, China's, Fourth-Quarter
- Source: BigGo Finance — https://finance.biggo.com/news/12f02b3b-fd0e-434f-9d0a-bd3405609057
- Author: BigGo Finance
- Published: 2026-10-20T14:25:15+00:00
- Read time: 1 min
- Topics: china, ndrc, miit, domestic demand, smart manufacturing, private investment, economic growth, fourth quarter, finance, markets
## Policy Announcements
China's National Development and Reform Commission and Ministry of Industry and Information Technology disclosed fourth-quarter growth-stabilization policies on October 20.
## Domestic Demand Plan
The NDRC is drafting a Domestic Demand Expansion Strategy Implementation Plan (2026-2030) to boost consumption and effective investment.
## Smart Manufacturing Policy
The MIIT is drafting policies for next-generation smart manufacturing to integrate artificial intelligence across the manufacturing chain.
## Economic Data
Domestic demand contributed 74.8% to economic growth in the first three quarters, with private investment falling 10.4% year on year.
## NDRC's Focus Areas
The NDRC will prioritize improving people's livelihoods, expanding effective investment, and enhancing institutional mechanisms for domestic demand.
## Wang Weiming's Smart Manufacturing
Wang Weiming, MIIT chief engineer, emphasized deep AI integration across the manufacturing chain to boost efficiency and cut costs.
## China Jushi Case Study
China Jushi, the world's largest fiberglass producer, has built 33 intelligent investment projects and 18 AI application scenarios using digital technology.
## Private Investment Challenges
Private investment fell 10.4% year on year in January-September, with the decline widening by 0.3 percentage point from January-August.
## NDRC Projects for Private Capital
The NDRC presented two batches of 88 projects to bring in 31.1 billion yuan (approximately $4.7 billion) of private capital.
## Policy Implementation Timeline
The NDRC has organized 31 symposiums with private enterprises since July 2023, hearing from 151 companies face to face.
## Economic Outlook
Wang Qing expects consumption growth to accelerate in Q4 as fiscal and financial policies boost consumer spending.
## Key takeaway

China's government plans to issue a domestic demand strategy and smart manufacturing policy to address weak private investment and stimulate economic growth in Q4.