Injecting Confidence and Stability into the Global Economy through High Quality Development - Overseas Professionals Focus on China's Expected Growth Goals
2026-03-09
4.5% -5% "- The government work report submitted for review at the Fourth Session of the 14th National People's Congress on the 5th proposes the expected target for China's economic growth this year, while emphasizing the need to strive for better results in practical work. Overseas individuals believe that this goal is proactive and pragmatic, seeking to stabilize the fundamentals with reasonable growth rates while also reserving flexibility for deepening reforms. In the international situation of intertwined turmoil and intensified regional conflicts, China injects valuable confidence into the global market with its certainty of high-quality development. The reasonable range demonstrates the pragmatic policy orientation, setting a growth target of 4.5% -5%, which reflects China's policy ideas of promoting the effective improvement of the economy in terms of quality and reasonable growth in terms of quantity. ”Larkel Leon de la Rosa, a China expert at the Autonomous University of Puebla in Mexico, said that China has accumulated mature experience from formulating five-year plans to setting annual development goals. Economic governance has formed a systematic policy reserve and risk response mechanism, which can maintain economic stability and resilience in the face of external environmental changes. Liang Guoyong, a senior economist at the United Nations Conference on Trade and Development, believes that setting the expected economic growth target within a certain range demonstrates the practicality and flexibility of China's economic policies, and increases the room for maneuver in dealing with external challenges such as global geopolitical turmoil and disorderly international economic governance. From a global perspective, China's expected growth targets for the economy have considerable "gold content". The International Monetary Fund predicted in January this year that the world economy will grow by 3.3% in 2026, with developed economies growing by 1.8%. The expected growth target of China's economy is higher than the global average, and it ranks among the top in the world's major economies. It will make important contributions to global economic stability and development, and ensure the smooth operation of the global supply chain. ”Said Selchuk Cholakolu, director of Türkiye Asia Pacific Research Center. Kyrgyzstani economic expert Torombek Abdorov stated that currently, with the rise of unilateralism and protectionism, and the continued geopolitical tension, China's expected economic growth targets reflect a positive and pragmatic policy orientation. Rahma Gaffmi, an economics professor at the University of Erlanga in Indonesia, believes that looking ahead to the entire "15th Five Year Plan" period, the significance of China setting economic growth expectations "lies not in the numbers or ranges themselves, but in setting the tone for development in the next five years: on the one hand, creating conditions for reform, transformation, and risk resolution through reasonable growth rates; on the other hand, establishing growth more clearly on expanding domestic demand, improving total factor productivity, and technological innovation capabilities. Overseas individuals have noticed that China's expected economic growth target is not only a quantitative indicator, but also a "compass" for the development path: by releasing clear policy signals, guiding all parties to focus on high-quality development, and promoting the transformation of the economic structure towards new quality and excellence. The key signal conveyed by China this year is a clear grasp of the economic direction - firmly moving towards high-quality development. ”Sherik Korjumbaev, the editor in chief of Kazakhstan Business News, said that China is promoting the construction of a new technological ecosystem that will profoundly affect the global economic landscape in the coming decades. For many countries, including Kazakhstan, this is a historic opportunity to expand technological cooperation with China. Dennis Depp, Co President of the Global Management Committee of Roland Berger, a German management consulting firm, believes that the setting of this year's growth target is China's proactive choice to promote high-quality economic development, guiding investment towards areas such as technological innovation and people's livelihoods that better meet development needs. From the setting of growth expectations and the deployment of key work tasks, it can be seen that in the first year of the 15th Five Year Plan, there was a strong emphasis on high-quality development orientation. ”Thai China expert and lecturer at Chiang Mai University's School of Business Administration, Bagong Gyatsali, said. Jia Chali has long studied the development of China's economy and technology, and has a deep understanding of the "East Calculation West Calculation" project. This is a vivid practice of China's' developing new quality productive forces according to local conditions' - cultivating high value-added industries that are in line with future development directions based on the resource endowments of different regions. The concept and practice of high-quality development not only reshape the Chinese economy, but also quietly rewrite the global innovation map and green process. Herv é Azul é, a professor at the French Silk Road Business School and former executive of Schneider Electric, pointed out that China is becoming an important incubation place for innovative achievements and an important source of technological standards, opening up vast space for global enterprises to enter the high-end innovation market, participate in advanced technology cluster cooperation, and integrate into the digital industrial ecosystem. China's promotion of high-quality development brings shared development dividends to the world. ”Ismail Buchanan, a senior lecturer at the School of Arts and Social Sciences at the University of Rwanda who has visited China multiple times, said, "In African countries such as Rwanda, China's new energy vehicles are increasing, which provides huge assistance for African countries to improve the environment and cope with climate change, and African people benefit greatly." The certainty of playing the role of a global market stabilizer is particularly scarce in today's world. Overseas individuals believe that China's economic growth targets play an important role in stabilizing expectations and boosting confidence at the global level, injecting valuable certainty into the world economy. Azulai stated that in the current complex and ever-changing international environment, the growth of the Chinese economy at an appropriate pace is of great significance in itself, as it helps stabilize commodity demand, manufacturing orders, and cross-border investment layouts, providing predictable demand support and policy signals for the international market. Tafazwa Ruzifee, a researcher and economist at the University of Free State in South Africa, believes that the predictability of China's development is extremely valuable for today's world and can provide important "anchor points" for trading partners. By understanding China's growth goals and development plans, trading partners can adjust their production and investment to match demand. China is an important pivot for global economic development. ”Kenyan international expert Stephen Ndegwa said that when the clouds of protectionism and geopolitical conflicts envelop the global economy, China injects stability and a sense of direction into the chaotic world with its own development certainty and practical actions of open cooperation. (New Society)
Edit:Momo Responsible editor:Chen zhaozhao
Source:Xinhua News Agency
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