Chinese President Xi Jinping on Monday addressed the opening session of a key Communist Party meeting, presenting draft proposals for the country’s next five-year plan covering 2026-2030.

A brief report from state-run Xinhua News Agency said Xi outlined the party leadership’s vision for national economic and social development but did not share specific details.

The five-year plan comes amid rising challenges for China, including a sluggish economy, U.S. tariffs on its exports, and restrictions on access to advanced technologies.

An editorial in Xinhua emphasized that the plan should prioritize “high-quality” growth and technological innovation, while safeguarding national security and ensuring that the benefits of development are distributed broadly.

“There will be difficulties and tests ahead, and we must be ready to face new risks and challenges,” the editorial noted, highlighting the plan’s dual focus on economic and security objectives.

Analysts and investors are closely watching the meeting for indications of how the plan will balance economic priorities with security concerns, and whether it will include reforms to stimulate consumer spending and address the challenges of an aging population.

The four-day session convenes about 200 voting and 170 alternate members of the Communist Party’s Central Committee. While the draft plan is expected to be approved at this meeting, full details will likely be released during the legislature’s next annual session in March.