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, April 1 (Xinhua) — The goals and objectives set by China for the 15th Five-Year Plan (2026-2030) define strategic guidelines for the country's modernization and are also important for the entire world. Kirill Babaev, Director of the Institute of China and Modern Asia of the Russian Academy of Sciences (ICSA RAS), stated this in a recent interview with Xinhua.
"The development of the 15th Five-Year Plan defines strategic guidelines for China's modernization. China can thus pursue a consistent policy aimed at achieving long-term strategic goals. At the same time, this is also important for the rest of the world. Even today, by carefully studying the policy documents, we can imagine the direction China is heading, what it will look like in, say, 10 years, and what its needs will be," he said.
K. Babayev noted that this approach allows Russia to build a long-term policy of effective and mutually beneficial cooperation with China, which is especially important in the context of global turbulence. He emphasized that the system of international economic relations is undergoing unprecedented changes. "Globalization as we knew it—the unimpeded movement of capital and goods around the world, the international division of labor, free trade—is being replaced by fragmentation and protectionism. Like-minded countries are yet to build a new globalization, based on the principles of mutual respect for national interests and the rejection of unilateral restrictions," he added.
According to the Russian scholar, Russia and China are making a significant contribution to shaping the future principles of a multipolar economic world order. "The foundation for the formation of such a system already exists: within associations such as the SCO and BRICS, the contours of the future principles of a multipolar economic world order are emerging, and Russia and China are making the most significant contribution to this process," he noted, emphasizing that relations with China can be seen as a stabilizing factor in the modern world.
The Director of the Institute of Socio-Economic Analysis and Collaboration of the Russian Academy of Sciences (ICSA RAS) recalled that China's reform and openness policies, pursued since the late 1970s, laid the foundation for large-scale investment and the unprecedented pace of economic development the world has witnessed over the years. China's accession to the WTO in 2001 provided a powerful impetus for its integration into global trade. As a result, China currently accounts for over 30 percent of global trade.
"However, growing US trade protectionism, European ideological prejudices, and the West's use of the financial system as a political 'cudgel' to advance its own interests—all of this is creating a situation where the old rules of global trade no longer apply," K. Babayev emphasized, adding that the Chinese economy, oriented toward global exports, must seek new growth drivers.
The Russian scientist believes that the measures outlined during the recent "two sessions" (the 4th session of the 14th National People's Congress and the 4th session of the 14th National Committee of the Chinese People's Political Consultative Conference) for the 15th Five-Year Plan should stimulate domestic demand, while the development of innovation and investment in high technology should ensure China's technological sovereignty. "These very components should form the foundation for a new model of high-quality economic development for China," he believes.
K. Babayev also noted that the people's priority and the principle of "the Party is created for the common good and holds power for the people," enshrined in the Chinese state governance concept, emphasize that the CPC serves the interests of the population by solving real problems and ensuring the fair distribution of resources. "This strengthens trust between society, the Party, and the government, fostering social consensus and a positive atmosphere in the country. This is the foundation of China's stable development," he emphasized, adding that the country does not operate within short-term electoral cycles, but can consistently implement strategic objectives and plan development for 10, 20, and even 50 years ahead.
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.
