CGTN: How China sets stage for strong start to its next Five-Year Plan, opens global opportunities

Core Insights - The article emphasizes that China's 15th Five-Year Plan (2026-2030) aims to create new global opportunities and instill confidence in the global economy as it marks a significant phase for the country's development [1] - Premier Li Qiang announced a target economic growth of 4.5% to 5% for 2026, highlighting China's resilience and strengths as a major economy [1] Economic Performance - In 2025, China's economy achieved a stable year-on-year GDP growth of 5%, with an economic aggregate exceeding 140 trillion yuan (approximately $20.22 trillion) for the first time [1] - The average annual growth of China's GDP during the 14th Five-Year Plan (2021-2025) was 5.4%, significantly above the global average [1] Technological Advancements - The article notes significant advancements in science and technology, particularly in artificial intelligence, biomedicine, robotics, and quantum technology, with R&D spending increasing by an annual average of 10% over the past five years [1] - China's approach to AI as infrastructure and its centralized coordination in technological innovation are highlighted as key advantages [1] Global Economic Impact - China's 5% growth rate in 2025 contributed approximately 30% to global economic expansion, reinforcing its position as the world's second-largest economy [1] - The article suggests that China's transition to a consumption-driven model presents new opportunities for the global economy, particularly for the Global South, as it becomes a critical partner in digital infrastructure and green energy [1] Strategic Objectives - The 15th Five-Year Plan outlines 109 major projects across six areas, focusing on new quality productive forces and public well-being [1] - China aims to deepen its integration with the global economy by expanding market access, stabilizing foreign trade, and advancing the Belt and Road Initiative [1]