Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, March 12 (Xinhua) — China's projected GDP growth in 2026, in the range of 4.5-5 percent, is fully consistent with the economic goals of the five-year plan and is realistic given recent trends. This was stated in an exclusive interview with Xinhua by Andrei Ostrovsky, chief researcher at the Institute of Oriental Studies of the Russian Academy of Sciences (RAS). The expert noted that Chinese planning practices have historically demonstrated high efficiency, and annual targets are typically exceeded.
At the recently concluded Fourth Session of the 14th National People's Congress (NPC), Premier Li Qiang announced China's projected GDP growth for 2026 to be in the range of 4.5-5 percent. "Considering the current economic situation, this is entirely achievable, given trends over the past two five-year periods," noted A. Ostrovsky.
The expert emphasized that Chinese planning practices have demonstrated effectiveness. "Even since the beginning of reforms, experience shows that Chinese programs are being implemented. In the early 1980s, the goal was set to quadruple industrial and agricultural output by the 2000s. We once forecast whether this goal would be achieved. Experience has shown that China has achieved it," noted A. Ostrovsky.
Commenting on the new national planning law, which will create a legal basis for combining five-year and long-term strategies, A. Ostrovsky stated: “This will be implemented… This is a long-term law that allows China to look confidently to the future.”
The expert also pointed out the importance of a legal framework for foreign investors. "At one time, China created free economic zones to attract foreign investment. The Shenzhen zone near Hong Kong enjoyed the greatest success. These zones allowed foreign entrepreneurs to assess the prospects for investing in the country," he said.
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