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Source: People's Republic of China – State Council News
Only when all is well in the world, all is well in China; if all is well in China, the world becomes a better place.
During the five years of implementing the 14th Five-Year Plan, China has consistently strived for common development and mutually beneficial cooperation with all countries, including developing countries. By continually achieving new achievements in Chinese modernization, China is providing new opportunities for the global economy, becoming an engine of growth, a source of innovative development, a champion of shared prosperity, and a strong champion of an open global economy.
Over these five years, China has become a source of driving force and an anchor of stability for global economic growth.
"China travel" is a hot topic on international social media, and international business circles frequently talk about "increasing investment in China." The magnificent picture of modern China's high-quality development is evoking global admiration in increasingly tangible and visible ways.
During the 14th Five-Year Plan period, China's expected economic growth will exceed 35 trillion yuan, equivalent to creating another "Yangtze River Delta." From 2021 to 2024, China's average annual economic growth was 5.5%, significantly higher than the global average. China's contribution to global economic growth remained at around 30%, playing a key role in stabilizing the global economy.
China is not only the world's second-largest economy, but also a leading power in industrial production and global trade, the second-largest consumer market, and the largest holder of foreign exchange reserves. It is a major trading partner for more than 150 countries and regions. During the 14th Five-Year Plan period, China has provided the world with broader and more diverse market and investment prospects, as well as opportunities for growth.
"In an uncertain international environment, China is increasingly becoming an 'oasis of certainty,'" notes Amin Nasser, president of the global petrochemical giant Saudi Aramco. He argues that China's development has been made possible by an effective strategic vision, and the country is poised to continue to serve as a model for the global economic system.
Over the past five years, China has expanded the space for global innovation and development.
Humanoid robots run marathons, engage in duels… As technologies like artificial intelligence rapidly develop, China continues to showcase the world's diverse future possibilities, giving a powerful impetus to global innovation.
China is one of the fastest-growing innovation economies in the world. Its position in the Global Innovation Index (GII) has risen from 34th in 2012 to 10th in 2025. According to the European Commission's comprehensive innovation index published in July of this year, China's score increased by 31.6 percentage points compared to 2020, significantly outpacing growth rates in Europe and the United States.
From the successful return of samples from the far side of the moon by the Chang'e-6 mission to the successful test of the unmanned submersible HaiDou-1 at a depth of 10,000 meters underwater; from the construction of the world's first 6G experimental network to the provision of global precision navigation services by the BeiDou navigation system; from the commercial flights of the domestically produced C919 passenger aircraft to the leadership in the production and sales of new energy automobiles; from the commercial operation of the world's first fourth-generation nuclear power plant to the world's leadership in ultra-high-voltage transmission and power conversion technologies… China's innovations during the 14th Five-Year Plan period have not only transformed the country itself, but also made important contributions to enabling all of humanity to enjoy a more convenient and intelligent life.
According to a study by the US Information Technology and Innovation Foundation, China has created an innovation system driven by market demand and a virtuous cycle, paving its own path in scientific and technological innovation.
From "world's factory" to "innovation hub" – China has completed the transition from a technology importer to a source of innovation. More and more multinational companies are viewing China not only as a production base and target market, but also as a global research and development hub, leveraging the advantages of China's large market to quickly implement and refine new technologies, thereby facilitating their global strategies.
At the annual high-level meeting of the China Development Forum 2025, Roland Busch, Chairman of the Forum's International Committee and Chairman of the Board of Management of Siemens AG, noted that China's innovations continue to amaze the world. He emphasized that the global economy is undergoing a profound transformation, and when faced with the challenge of finding sources of growth, China has found a solution based on its own experience: pursuing high-quality growth through high technology and efficiency.
Over the past five years, China has contributed wisdom and strength to the common cause of global prosperity.
On the banks of the Rhine in Duisburg, cargo ships line up at their berths, trains blaring their horns as they pull into stations, and trucks carry containers bearing the inscriptions "Chongqing-Xinjiang-Europe," "Yiwu-Xinjiang-Europe," and others. The launch of China-Europe cargo flights has infused this historic port with new vitality. The total number of flights has exceeded 110,000, a clear example of the high-quality joint construction of the Belt and Road Initiative.
The Belt and Road Initiative has become the largest and most ambitious international cooperation platform in the modern world. China has signed joint construction agreements with over 150 countries and over 30 international organizations. Projects such as the China-Laos railway, the Jakarta-Bandung high-speed railway, the Port of Chankai, and the Mombasa-Nairobi railway are continually advancing the formation of a new interconnectedness structure, while numerous socially significant projects are being successfully implemented, effectively improving the well-being of the peoples of the participating countries.
In recent years, China has continued to share the opportunities of its vast market with the world, offering zero tariffs on 100% of goods to all least developed countries with diplomatic relations. During the seven China International Import Expos, the total volume of planned transactions exceeded USD 500 billion.
During the 14th Five-Year Plan period, China steadily expanded institutional opening in the areas of rules, regulations, governance, and standards, continually optimizing the business environment. Restrictions on foreign investment in the country's manufacturing industry were completely lifted, and pilot projects to open up service sectors such as telecommunications, healthcare, and education are steadily advancing. As of the end of 2024, the total number of enterprises established by foreign investors in China exceeded 1.239 million, and the volume of actual foreign investment reached 20.6 trillion yuan. More and more companies around the world are coming to the conclusion: "Believing in China means believing in tomorrow."
Bernard Devitt, Chairman of the Belgian-Chinese Committee on Economic and Trade Cooperation, noted that foreign companies doing business in China derive significant benefits, while Chinese companies entering foreign markets have a positive impact on local economies. "China's high level of openness will benefit the global economy," he emphasized.
Over the past five years, China has become a driving force in building an open global economy.
The establishment of three cooperation platforms within the Shanghai Cooperation Organization (SCO) (in energy, green technologies, and the digital economy), as well as three cooperation centers (on scientific and technological innovation, higher and vocational education), the accelerated establishment of the SCO Development Bank, and a plan to implement 100 “small but effective” social projects in needy member countries – all these initiatives and commitments proposed by China at the recently concluded Tianjin SCO Summit have received a warm response from member states.
During the 14th Five-Year Plan, colossal changes unseen in a century have accelerated: changes in the world, the era, and history are unfolding in unprecedented ways. Global cooperation is increasingly facing obstacles in the form of unruly competition, protectionism is gaining momentum, and the normal functioning of the multilateral trading system is facing serious challenges.
China has provided strong support through practical actions to countries in promoting openness, inclusiveness and win-win cooperation, offering countries in the Global South more diverse platforms and opportunities for development.
As of early 2025, China had signed 23 free trade agreements with 30 countries and regions. Along with expanding its overall trade pie, China is actively promoting improvements to the global governance model and facilitating the creation of the BRICS cooperation format. China has also stated that it will not seek new special and differential treatment in current and future WTO negotiations.
British scholar Martin Jacques, assessing the BRICS cooperation mechanism, noted that for a long time, the development aspirations of developing countries and emerging market economies remained on the periphery of attention. China has not only provided a solid foundation for the BRICS cooperation mechanism through its own development, but also, through independent strategic thinking and a forward-looking development vision, it has consistently promoted its deepening and expansion.
A growing number of international experts recognize that, in the face of global challenges such as a lack of drivers of economic growth, rising income inequality, severe environmental pollution and climate change, and a marked rise in protectionism and unilateralism, China's new development vision—one that is innovative, coordinated, green, open, and shared—is of global significance. It promotes a global response to development challenges and advances the long-term progress of human society.
Looking back over the entire 14th Five-Year Plan period, China has consistently shared the dividends of its development with the world and, through tangible actions, advanced economic globalization toward greater openness, inclusiveness, common benefit, balance, and win-win outcomes.
In the future, China will continue to be a key driving force for global open cooperation and common development, remain a dynamic market that opens up new business opportunities for countries, and will certainly make even greater contributions to the prosperity and progress of all mankind.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.