Global Community Focuses on China's 'Two Sessions': An Event of Global Significance

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Source: People's Republic of China – State Council News

As an important window for observing China's political course, the 2026 sessions of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC) are attracting close international attention.

The Pakistani newspaper Pakistan Observer notes that the "Two Sessions" are a major political event that has a significant impact on the global economy and other areas, and therefore have global significance.

During the “Two Sessions,” economic growth goals for the current year were announced, and the draft program for the 15th Five-Year Plan (2026-2030) was reviewed.

AFP reports that China will outline development directions for the world's second-largest economy at its annual policy forum. The agency quotes a forecast from an analyst at the Asia Society Policy Institute (ASPI): "Amid intensifying strategic competition and rising global uncertainty, China will continue to prioritize domestic demand while strengthening external resilience."

The BBC website emphasizes that the "Two Sessions" traditionally hold the spotlight on markets. The government's work report sets economic growth targets, along with fiscal and monetary policy frameworks to achieve them. A key feature of the current "Two Sessions" will be the 15th Five-Year Plan. In recent years, the Chinese economy has demonstrated resilience in exports and investment in manufacturing. Therefore, the question of whether more specific measures to stimulate domestic consumption will be proposed is of particular interest.

Asia Society Policy Institute researcher Neil Thomas notes in an analytical paper that China's long-term development plans have shifted their emphasis from high growth rates to high-quality development. Increasing attention is being paid to balancing development and security in the face of global uncertainty.

Wu Muluan, a professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore, believes that the "Two Sessions" could showcase the achievements of China's scientific and technological industry, in particular the level of development of robotics.

Ruby Osman, senior policy adviser at the British think tank Tony Blair Institute for Global Change, told The Guardian: "China's 'two sessions' will tell us what China intends to do this year and over the next five years."

The Wall Street Journal writes that the "Two Sessions" will chart the future directions of economic development. According to the 15th Five-Year Plan proposals, China will strive to achieve high levels of technological self-sufficiency and self-reliance.

Singapore's CNA (Channel NewsAsia) notes that this year marks the first year of the 15th Five-Year Plan, making the "Two Sessions" particularly significant. In an interview with CNA, Neil Thomas suggested that the forum's tone will be defined by stability and pragmatism, with an emphasis on technological self-sufficiency.

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The IRGC announced a strike on an Israeli oil refinery.

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Tehran, March 8 (Xinhua) — Iran, in retaliation for the attack on oil facilities in Tehran, struck an oil refinery in Haifa, Israel, the Islamic Revolutionary Guard Corps (IRGC) press service reported.

It is noted that the Haifa oil refinery was hit by Iranian Heibar Sheqan missiles in response to the Israeli attack.

The semi-official Fars news agency reported that US and Israeli air force jets struck an oil depot in southern Tehran.

According to Xinhua, Tehran was hit by a new wave of powerful strikes on Saturday evening, with powerful explosions heard in the Iranian capital.

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Saudi Aramco to temporarily reroute oil tankers to Yanbu port – media

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Riyadh, March 8 (Xinhua) — Saudi Aramco, the Saudi oil and gas company, announced on Saturday that it would temporarily divert oil tankers to the port of Yanbu to improve security and ensure uninterrupted supplies, according to local television channel Al Ekhbariya.

The move comes amid growing tensions in the region and concerns about shipping through the Strait of Hormuz, one of the world's most important oil shipping routes.

Saudi Aramco is one of the world's largest oil companies by oil production and plays a key role in global energy supplies.

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The Dubai explosion was caused by the interception of missiles and drones from Iran, the Defense Ministry said.

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Dubai, March 7 (Xinhua) — A powerful explosion was heard in Dubai on Saturday evening. UAE authorities said the sounds were caused by the interception of missiles and unmanned aerial vehicles (UAVs) from Iran.

In a statement published on the X social media platform, the UAE Ministry of Defense confirmed that the sounds heard in various parts of the country were caused by air defense systems intercepting ballistic missiles, as well as fighter jets intercepting UAVs and loitering munitions.

The agency urged the public to remain in safe places and follow official updates.

Earlier, the UAE Ministry of Interior issued an emergency mobile phone alert warning residents of a potential missile threat and urging them to seek shelter immediately.

According to Dubai's Public Relations Authority, debris from the interception fell on the facade of a tower in the Dubai Marina area, but there were no injuries.

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Lightning: Saudi Aramco crude oil shipments temporarily diverted to the port of Yanbu – Al-Ikhbariya TV channel

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Xinhua | March 8, 2026

Keywords: Saudi Arabia

Source: Xinhua

Flash: Saudi Aramco crude oil shipments temporarily diverted to the port of Yanbu – Al-Ikhbariya TV Flash: Saudi Aramco crude oil shipments temporarily diverted to the port of Yanbu – Al-Ikhbariya TV

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Senior Chinese leaders attended the deliberations at the 4th session of the 14th National People's Congress (NPC).

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BEIJING, March 7 (Xinhua) — Top Chinese leaders on Saturday attended deliberations at the fourth session of the 14th National People's Congress (NPC).

Wang Huning, Chairman of the National Committee of the Chinese People's Political Consultative Conference, joined a panel discussion with NPC deputies from Taiwan. He stated that over the past year, efforts have been made to appropriately respond to the complex situation in the Taiwan Strait and to vigorously guide the development of cross-strait relations.

Wang Huning emphasized the need to promote the peaceful development of bilateral relations and advance the cause of national reunification. He also called for resolute opposition to separatist activities aimed at achieving "Taiwan independence" and external interference.

Cai Qi, a member of the Secretariat of the CPC Central Committee, joined a group discussion of deputies from Qinghai Province (northwest China). He called on the region to pursue differentiated development tailored to local conditions and prioritize environmental protection.

Cai Qi also pointed out that the province should strengthen the sense of community of the Chinese nation and promote interaction, exchanges and integration among all ethnic groups.

Vice Premier Ding Xuexiang, in turn, participated in group discussions with lawmakers from the Hong Kong and Macao Special Administrative Regions (SARs). He called on both SARs to proactively align with the country's 15th Five-Year Plan (2026-2030), better integrate into and serve overall national development, and make an even greater contribution to advancing China's modernization.

Ding Xuexiang called for consistently strengthening and enhancing Hong Kong's status as an international financial, shipping, and trade hub, as well as fully leveraging its advantages in education, science, technology, and talent to promote the long-term prosperity and stability of the SAR. Ding Xuexiang also emphasized the need to further advance the development of the Guangdong-Macao Deepened Cooperation Zone on Hengqin Island.

Wang Huning, Cai Qi and Ding Xuexiang are also members of the Standing Committee of the Political Bureau of the CPC Central Committee. –0–

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Iran's military vowed to sink "enemy ships" entering the Persian Gulf – media

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Tehran, March 7 (Xinhua) — An Iranian military spokesman said on Saturday that "enemy ships" entering the Persian Gulf "will end up at the bottom" of the waterway. Several media outlets reported this.

Meanwhile, according to a statement published on the official news portal Sepah News, the Islamic Revolutionary Guard Corps (IRGC) struck a Marshall Islands-flagged oil tanker in the central Persian Gulf, which they said was a US asset.

In a statement, the IRGC identified the tanker as the Louise P, saying it was hit by a drone around midday on Saturday.

It also said that the IRGC had previously declared all Israeli and American assets in the West Asian region to be legitimate targets for the Iranian army.

Earlier in the day, Iran's official news agency IRNA reported that the IRGC struck an oil tanker in the Strait of Hormuz on Saturday morning.

According to the agency, the rogue tanker, sailing under the trade name Prima, was hit by a drone after ignoring repeated warnings from the IRGC Navy to ban passage through the Strait of Hormuz for security reasons. –0–

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China's Ministry of Commerce has warned of risks to global microchip supply chains due to Nexperia's actions.

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BEIJING, March 7 (Xinhua) — Recent actions by Netherlands-headquartered semiconductor company Nexperia, owned by China's Wingtech, have seriously disrupted normal production operations, China's Ministry of Commerce said Saturday, warning that the Dutch company should bear full responsibility if the moves lead to a new crisis in the global semiconductor industry and its supply chains.

This statement was made by an official representative of the department in response to a media question about Nexperia's mass blocking of its employees' official accounts in China.

The Chinese Ministry of Commerce noted that, thanks to the joint efforts of China and the Netherlands, Wingtech and Nexperia are consulting on resolving internal corporate disputes.

At the same time, the Chinese side noted that by blocking the work accounts of its employees in China, Nexperia provoked new contradictions and created additional obstacles to the ongoing negotiation process.

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The second plenary meeting of the 4th session of the 14th CPPCC National Committee was held.

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BEIJING, March 7 (Xinhua) — The second plenary meeting of the fourth session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) was held in Beijing on Saturday.

Wang Huning, a member of the Standing Committee of the Politburo of the CPC Central Committee and Chairman of the National Committee of the CPPCC, attended the meeting.

Fourteen members of the CPPCC National Committee spoke at the meeting.

Huo Jinhua said that China's fundamental technologies with controlled risks are the foundation of national security, stability and continuous innovation, and China should steadily strengthen its research and development efforts and increase investment in these technologies.

To accelerate the cultivation of new growth drivers, Huang Qunhui proposed implementing policies targeted at specific industries and strengthening the leading role of enterprises in innovation.

Xie Dong called for encouraging leading enterprises to increase funding for basic research while simultaneously expanding financial support for technology startups.

Jiang Liping called for efforts to improve policies and measures aimed at improving the well-being of Taiwanese people so that they can enjoy equal access to public services.

Zhou Zhihua emphasized the need to optimize the coordination and distribution of research in artificial intelligence and the use of AI to lead the paradigm shift in scientific research.

Mo Rong called for efforts to help human resources better adapt to the advancement of AI technologies and the needs of industrial transformation and upgrading.

Other members of the CPPCC National Committee spoke on issues such as reform and innovation, poverty reduction, modern industrial system, private sector, Hainan Free Trade Port, education and support for the birth rate. –0–

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Kuwait's state oil corporation announced a preemptive production cut amid regional tensions.

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Cairo, March 7 (Xinhua) — Kuwait Petroleum Corporation (KPC), a major state-owned oil corporation in Kuwait, announced on Saturday a preventive cut in crude oil production and refining.

Citing rising tensions in the region, KPC said in a statement that the adjustment was "strictly precautionary" and that the company "remains fully prepared to restore production volumes as soon as conditions permit."

The statement came amid heightened tensions in the region following joint US-Israeli strikes on Iran that began on February 28, to which Iran responded with missile and drone strikes on Israeli and US targets across the Middle East.

Earlier on Saturday, Iran's military said its navy had launched a series of drone attacks targeting Israel, as well as US bases in the United Arab Emirates (UAE) and Kuwait.

Meanwhile, Kuwaiti Defense Minister Sheikh Abdullah Ali Abdullah al-Salem al-Sabah held separate phone conversations with his Saudi and UAE counterparts throughout the day regarding the latest developments in the region, according to the official Kuwaiti News Agency. –0–

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