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By He Yin, People’s Daily<\/p>\n
On March 4, China’s “two sessions,” the annual meetings of the country’s top legislature, the National People’s Congress (NPC), and top political advisory body, the Chinese People’s Political Consultative Conference (CPPCC), kicked off in Beijing, drawing global attention.<\/p>\n
Amidst a world facing heightened uncertainties, analysis of China’s development trajectory reveals a clear trend: despite complex global conditions, China’s economy consistently advances towards higher-quality growth, demonstrating strong resilience. It remains one of the world’s most stable, reliable, and proactive forces.<\/p>\n
The World Economic Forum’s Global Risks Report 2026 identifies\u00a0uncertainty itself as a defining\u00a0global risk\u00a0this year. Recently, rising geopolitical tensions have further intensified, increasing the risks facing\u00a0the world economy.<\/p>\n
In a more volatile international landscape, why is China still widely regarded as a source of confidence that helps stabilize global expectations?<\/p>\n
Certainty comes from the guidance of planning. Looking at\u00a0the history of global economic development, only a handful of large economies have managed to navigate\u00a0economic cycles while sustaining long-term, steady growth.<\/p>\n
Since launching its first Five-Year Plan in 1953, China has formulated and implemented 14 Five-Year Plans, advancing step by step and creating a development miracle in human history.<\/p>\n
Today, China’s planning system is widely regarded by the international community as one of the most distinctive and effective models of national governance in the contemporary world.<\/p>\n
The 15th Five-Year Plan period (2026-2030) has become a key phrase frequently cited by international media when they cover this year’s “two sessions.”<\/p>\n
“A China with clear plans, well-defined goals, and continued openness is not only a blessing for the country itself, but also for the world,”\u00a0said Gyula Thurmer, president\u00a0of the Hungarian Workers’ Party.<\/p>\n
From steadily\u00a0advancing\u00a0a modern industrial system and accelerating a modern infrastructure network, to\u00a0deepening\u00a0scientific and technological innovation and advancing\u00a0green and low-carbon transition, China’s vision\u00a0for the 15th Five-Year Plan demonstrate a forward-looking strategic thinking. It\u00a0has\u00a0boost\u00a0confidence in China’s development prospects while unlocking\u00a0predictable market opportunities and\u00a0shared\u00a0development dividends.<\/p>\n
Underscoring such\u00a0certainty is the strong resilience of China’s development. During the “two sessions” each year, the country’s economic targets\u00a0for the year ahead become a focal point of global\u00a0analysis. At a time of mounting global headwinds, China’s steady progress is met with growing international anticipation.<\/p>\n
In recent months, multiple international institutions have raised their forecasts for China’s 2026\u00a0growth this year, reflecting confidence in its stable economic performance..<\/p>\n
This resilience is evident. Despite a challenging global environment in 2025, China’s economy grew by 5.0 percent, adding\u00a0more than 5 trillion yuan\u00a0(approximately the size of a mid-level developed economy) to its output.\u00a0The vitality of its consumer market was highlighted during the recent Spring Festival holiday, with domestic tourist spending rising 126.4 billion yuan ($18.33 billion) year-on-year. An estimated 9.5 billion cross-regional trips during the Spring Festival travel rush further underscored this dynamism.<\/p>\n
More fundamentally, the resilience stems from China’s increasingly robust economic foundation. John Ross, former director of economic and business policy for the mayor of London, emphasized the deep integration of technology and industry in China.<\/p>\n
He noted that during the 14th Five-Year Plan period\u00a0(2021-2025),\u00a0China achieved historic breakthroughs, becoming a technological leader in several key industries —\u00a0a feat unmatched by any other developing country. Ross highlighted that this comprehensive strength allows China to offset negative impacts from external geopolitical actions.<\/p>\n
Certainty also comes from China’s unwavering commitment to opening up. China’s economy not only maintains stability and growth, but also remains deeply integrated with the world economy, sharing opportunities with partners across the globe.\u00a0As noted by a Pakistani media outlet analyzing the “two sessions,”\u00a0China’s policy direction shapes the well-being of its 1.4 billion people and holds significant implications for global economic growth and the direction of emerging technological revolutions.<\/p>\n
Today, China is a major trading partner for more than 150 countries and regions and has been the world’s second-largest import market for 17 consecutive years. During the 14th Five-Year Plan period, China’s outward investment contributed more than $300 billion in tax revenues to host countries. Some U.S. media outlets have described China as an anchor for a global economy\u00a0seeking\u00a0new engines of growth.<\/p>\n
Since the beginning of this year, trade and economic delegations from many countries have visited China in succession and achieved\u00a0fruitful outcomes. Recent surveys\u00a0by the German Chamber of Commerce in China and the American Chamber of Commerce in China showed that multinational companies continue to expand their investments in China, demonstrating both confidence in and commitment to the Chinese market.<\/p>\n
At a time when the world economy urgently needs a stabilizing anchor, China, entering the 15th Five-Year Plan period and continuing to advance toward high-quality development, will remain a trustworthy and dependable partner for all. It will continue providing the most valuable and scarce resource for a turbulent world: certainty.<\/p>\n","protected":false},"excerpt":{"rendered":"
By He Yin, People’s Daily On March 4, China’s “two sessions,” the annual meetings of the country’s top legislature, the National People’s Congress (NPC), and top political advisory body, the Chinese People’s Political Consultative Conference (CPPCC), kicked off in Beijing, drawing global attention. Amidst a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[433],"tags":[],"class_list":["post-5223","post","type-post","status-publish","format-standard","hentry","category-world"],"yoast_head":"\n