Every spring when China’s policy blueprint is released at its “two sessions”, global headlines tend to focus on its GDP growth target. This year’s target of 4.5 to 5 per cent has been interpreted as evidence that the world’s second-largest economy is losing momentum under the weight of property woes, demographic decline and geopolitical tensions.However, the more consequential story is its new five-year plan (2026-2030). China’s latest economic road map suggests a deeper shift: away from a...