In urban planning, there is a wellknown “threshold theory,” which suggests that development, whether of a city, a region or an entire nation, does not follow a smooth and linear path upward; instead, progress advances in stages.
After a period of rapid growth, with changes in development environment and technological bottlenecks, there often comes a phase of adjustment and stabilization, during which several tasks must be undertaken: identifying shifts in major opportunities, overcoming key development obstacles, achieving an effective transition between old and new growth drivers, and reorganizing available resources in response to changing circumstances. Once these challenges are resolved, a new phase of accelerated development begins.
China’s modernization follows this law. The upcoming 15th Five-Year Plan (2026-30) period will not be about racing for speed or scale. Rather, it…