China’s NDRC Holds Roundtable With US Multinationals on 15th Five-Year Plan

The breadth of attendance — spanning cloud, chips, industrial and consumer names — signals that Beijing wants US capital and technology embedded in its next planning cycle, not sidelined. The emphasis on equipment upgrades and consumer trade-in programs suggests industrial demand and household consumption, rather than new market opening, are the near-term levers being dangled. What matters is whether these briefings convert into concrete procurement or licensing signals, or remain a charm offensive. The open question is whether US companies treat this as a genuine planning input or as geopolitical risk management.