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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

Strategic priorities for economic development of the PRC for 2026 and their significance for the Uzbek-Chinese partnership

Eldor Tulyakov, Executive Director of the Development Strategy Center of Uzbekistan

The annual Central Economic Work Conference was held in Beijing on December 10–11, 2025. At the conference, Chinese President Xi Jinping summarized the country's economic performance in 2025, analyzed the current economic situation, and outlined a strategic economic development plan for 2026.

In his speech, Xi Jinping announced the achievement of the country's key socio-economic development goals and outlined eight key tasks for the coming period.

Three priority areas

In our opinion, of the tasks voiced, three priority areas are of particular importance.

The first area is domestic demand as the driver of economic growth. At the meeting, the Chinese leader emphasized that stimulating domestic consumption is the main economic priority for 2026. Statistics indicate the resilience of China's consumer market in 2025. In the first three quarters, final consumption expenditure in China accounted for 53.5% of GDP growth, an increase of nine percentage points compared to the previous year. From January to October, retail sales of consumer goods exceeded 41 trillion yuan (US$5.8 trillion), an increase of 4.3% compared to the same period last year.

The second priority area is innovation as a catalyst for new, qualitative growth. Plans for 2026 call for the active implementation of innovative development and the accelerated formation of new economic drivers. Plans include the creation of international scientific and technological innovation centers in various cities and the promotion of the "Artificial Intelligence Plus" initiative. According to the 2025 Global Innovation Index, China entered the top ten for the first time and maintains its highest position among 36 upper-middle-income countries, confirming the effectiveness of its innovation policies.

The third area is institutional openness as a strategic advantage. President Xi Jinping confirmed that China will expand institutional openness in the services sector, optimize the placement of free trade zones, and effectively promote the Belt and Road Initiative as a key foreign economic priority.

China's foreign trade has demonstrated resilience in 2025 despite existing global challenges. Specifically, from January to November, total import and export volumes amounted to 41.21 trillion yuan, up 3.6% year-on-year. China is striving to deepen the integration of trade and investment, develop services exports, digital and green trade, and improve mechanisms for attracting foreign capital.

The implementation of the identified tasks will, firstly, strengthen China's position in the global economy and promote sustainable development and the well-being of the country's population, and secondly, provide a reliable start for the implementation of the 15th Five-Year Plan plans in 2026–2030.

The strategic dimension of Uzbek-Chinese relations

China is one of Uzbekistan's key political, diplomatic, trade, economic, and investment partners. The dynamic nature of bilateral cooperation is evidenced by regular high-level official visits. As a result, in 2024, Uzbek-Chinese relations were elevated to a qualitatively new level: an all-weather comprehensive strategic partnership in a new era, reflecting both sides' commitment to the sustainable and multifaceted development of our interstate cooperation.

Comprehensive cooperation between Uzbekistan and China is developing across various international platforms, including the UN, the SCO, and the multilateral China-Central Asia format. Furthermore, since the launch of the Belt and Road Initiative, Uzbekistan has consistently and actively supported its implementation, as evidenced by President Shavkat Mirziyoyev's participation in high-level forums in recent years. The initiative is largely aligned with the provisions of the Uzbekistan 2030 strategy, creating a solid foundation for long-term mutually beneficial cooperation.

As mentioned, China is the Republic of Uzbekistan's largest trade, economic, and investment partner. According to Uzbek data, the total volume of mutual trade in 2024 exceeded $13 billion. An ambitious goal has been set to increase this figure to $20 billion by expanding mutual supplies of industrial and agricultural goods. As of November 2025, the number of Chinese-owned enterprises in Uzbekistan amounted to 4,731, equivalent to 26.8% of the total number of foreign companies operating in the country.

Since the beginning of 2025, a number of significant regional and business forums have been held between the two countries. The 2nd Uzbekistan-China Interregional Forum was held in Samarkand on June 1–2, bringing together over 400 entrepreneurs from China and over 1,000 entrepreneurs from Uzbekistan. Investment agreements and trade contracts worth $10 billion were signed. And on August 28, the Uzbekistan–China Trade, Economic, and Investment Forum was held in Beijing, bringing together over 800 representatives of the public sector and business circles. Following the event, the parties exchanged 23 documents on the implementation of joint projects in healthcare, agriculture, textiles, construction materials production, water management, and rail transport.

According to Uzbek statistics, from 2017 to 2024, China's total investment in Uzbekistan's economy exceeded $24.6 billion, including a record $10.4 billion in 2024. These investments cover all key sectors of modern development. The total investment project portfolio exceeds $90 billion. In 2024, 64 projects worth over $10 billion were launched. Joint technology parks and special industrial zones operate in the regions of Uzbekistan, and the production of BYD electric vehicles is expanding, with increased localization. Furthermore, major companies such as Huawei, ZTE, China Eximbank, and many others are actively working in Uzbekistan, providing technology transfer and creating a modern manufacturing base.

It's worth noting that over 30 energy projects with a total capacity of nearly 10 GW, valued at over $9 billion, are being implemented with Chinese partners. Key partners in these green projects include leading Chinese companies such as China Energy Engineering Corporation, China Energy International Group, and others. Their participation ensures not only financing but also the transfer of advanced technologies, the exchange of expertise, and the creation of a modern production base.

The implementation of cooperation under the Belt and Road Initiative is reflected in a number of large-scale and transformative infrastructure projects. Among the most significant is the China-Kyrgyzstan-Uzbekistan railway project, which is currently the largest ongoing joint project. Construction of this railway corridor began in April 2025.

Overall, the dynamics of the Uzbek-Chinese all-weather comprehensive strategic partnership are demonstrating an exceptionally positive development trajectory. China is one of Uzbekistan's key political, diplomatic, trade, economic, and investment partners, and this role continues to strengthen.

Multifaceted positive impact

Implementing the strategic objectives outlined by Chinese President Xi Jinping at the annual Central Economic Work Conference will have a multifaceted positive impact. First, it will strengthen China's position in the global economy and ensure sustainable development. Second, it will create favorable conditions for the further development of bilateral and multilateral relations with the Republic of Uzbekistan, particularly within the framework of the Belt and Road Initiative, which has been designated as China's key foreign economic priority for 2026.

Of particular significance is the Chinese leadership's emphasis on institutional openness, innovative development, and stimulating domestic demand. These priorities directly align with the objectives of the "Uzbekistan 2030" strategy and create additional opportunities for expanding trade, economic, and investment cooperation between the two countries. The growth of China's domestic consumer market opens new prospects for Uzbek exporters, while the emphasis on innovation and green development aligns with Uzbekistan's economic modernization priorities.

Chinese companies' interest in implementing new projects in Uzbekistan is growing rapidly: according to Uzbek officials, more than $15 billion in direct investment from China is planned for 2025. This demonstrates that the Uzbek-Chinese all-weather comprehensive strategic partnership is not just a declaration, but is filled with concrete practical content that will promote sustainable economic growth and improve the well-being of the people of both countries.

Thus, the strategic priorities for China's economic development through 2026 and the strategic relations between Uzbekistan and China create a solid foundation for further deepening mutually beneficial cooperation, which makes a significant contribution not only to bilateral development, but also to ensuring stability and prosperity throughout Central Asia.

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.

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

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

YULIA MANUILOVA, Senior Lecturer, Lomonosov Moscow State University

The annual Central Economic Work Conference (hereinafter referred to as the Conference), held in Beijing on December 10–11, 2025, reaffirmed its role as the primary mechanism for strategic management of the Chinese economy. It defines not only the objectives for the coming year but also the overall logic of the country's economic course in the context of a changing international environment.

In 2025, the meeting took on particular significance as China concludes the 14th Five-Year Plan for National Economic and Social Development and enters a new five-year period, which requires refining long-term guidelines and aligning domestic policy with new external challenges.

The context for this meeting was set by the December 8 Politburo meeting of the CPC Central Committee, which focused on analyzing and examining economic work for 2026. It emphasized that the key development goals for 2025 would be achieved, and that the economy would continue to maintain overall stability and progress even in the face of external pressure and the challenges of internal restructuring. This political assessment paved the way for more ambitious planning for 2026.

The current state of the Chinese economy

By the end of 2025, the Chinese economy is maintaining stable momentum. GDP growth in the first three quarters was 5.2%, one of the highest rates among major economies. Stable demand, a gradual strengthening of industrial production, and improved efficiency in key sectors confirm that China is emerging from this period of instability with a strengthened industrial base.

On the other hand, the country's leadership clearly recognizes that economic development faces new challenges—structural imbalances, limited domestic demand, problems in the real estate sector, and regional debt risks. Therefore, the meeting's objective was not only to identify priorities for the coming year but also to refine a long-term strategy for adapting to the changing external and domestic environment.

In this regard, the meeting defined the goal of further combining stability and structural renewal. The central principle was once again to strive forward while maintaining stability, which will ensure a smooth transition to a new growth model based on innovation, domestic demand, and improved economic structure.

From an international relations perspective, the meeting sends an important signal to the global community that China not only maintains confidence in its own development model but also strives to strengthen its contribution to the global economy, particularly through fostering innovation, expanding domestic demand, and deepening openness. Amid global turbulence, Beijing is demonstrating its willingness to serve as a stabilizing factor for global growth.

Key priorities of economic policy for 2026

The meeting identified a set of objectives to ensure a high-quality and confident start to the 15th Five-Year Program. Nine key areas form the outlines of long-term development and the foundation of the country's macroeconomic strategy for the coming year.

First, actively stimulating consumption, increasing investment efficiency, and expanding domestic demand across all areas. Expanding domestic demand is becoming the primary source of growth. Plans call for stimulating consumption, increasing household incomes, modernizing urban infrastructure, and stimulating private investment. The domestic market is viewed as a long-term pillar of development and a tool for reducing dependence on external factors.

Secondly, developing new productive forces through scientific and technological innovation and building a modern industrial system. This involves strengthening the scientific and technological base, supporting artificial intelligence and robotics, and modernizing traditional industries in line with local conditions.

Third, harness the leading role of economic reform and promote the effective implementation of key reform measures. We will continue to improve the single national market, reform the public sector, support private business, and modernize financial institutions.

Fourth, expanding high-level opening-up and stabilizing foreign trade and investment. China intends to deepen international cooperation, develop digital and green trade, improve the quality of interactions within the Belt and Road Initiative, and develop new models of cooperation with key partners. The development of international standards in technology and sustainable development is of particular importance.

Fifth, effective risk prevention and mitigation are planned in key areas, while the principle of zero systemic risk is resolutely adhered to. Particular attention is being paid to the stability of the financial system, regional debt control, and real estate market stabilization—areas that could have a systemic impact on the economy.

Sixth, promoting new-type industrialization and the comprehensive development of rural areas, facilitating integrated urban and rural development. The state is strengthening the role of key urban agglomerations, supporting rural development, and reducing regional imbalances, which requires differentiated strategies and increased national resilience.

Seventh, intensifying the implementation of the regional development strategy and stimulating the viability of regional development.

Eighth, promoting carbon dioxide emissions reduction, reducing environmental pollution, and green growth, advancing a comprehensive green transformation of economic and social development. The transition to a low-carbon development model is becoming a key strategic focus. Further development of green energy, expanded use of carbon credits, industrial modernization, and the promotion of environmentally friendly investments are expected.

Ninth, efforts to ensure and improve public well-being and strengthen people's sense of happiness and security are planned to be intensified. Employment support will be strengthened, and modernizing the education and healthcare systems and improving the quality of social services will remain priorities.

China's development trends in the medium term

The meeting's decisions highlight several trends that will shape China's development in the medium term.

First, as global economic risks increase, China will seek to reduce its dependence on external markets. Domestic consumption dynamics will become a key factor: this will lead to an increased role for households in demand, expansion of the service sector, and the development of new consumption models.

Secondly, technology and innovation are becoming central to future development and the mitigation of external vulnerabilities. China will strive to occupy a higher position in global value chains and develop its own technological standards.

Third, the transition to environmentally sustainable development not only reduces energy risks but also opens up new opportunities for international cooperation. China is laying claim to becoming a global hub for green technologies.

Fourth, developing regions based on their own competitive advantages will improve the overall sustainability of the economy and create a new geography of growth.

Fifth, China will strive to combine openness with selectivity, prioritizing cooperation in strategic areas such as technology, digital trade, and green infrastructure. This will create the preconditions for more sustainable integration into the global economy.

It could be said that the Central Economic Work Conference outlined China's strategic course for the coming years. And the key areas—strengthening domestic demand, fostering innovation, green transformation, regional development, and financial sustainability—form the foundation for a new growth model.

Internationally, China seeks to strengthen its image as a predictable and stable partner, capable not only of adapting to global changes but also of actively participating in the formation of a new economic architecture. The decisions of the meeting reflect the country's desire not simply to respond to challenges, but to shape its own development logic in the context of global transformation.

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.

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

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

XI'AN, December 25 (Xinhua) — The Twelve Hours of Chang'an, a large-scale themed street featuring performances, culinary experiences, and cultural experiences reminiscent of the Tang Dynasty (618-907), has reopened in Xi'an, Northwest China's Shaanxi Province. The new additions allow visitors to immerse themselves even more deeply in the atmosphere of that great era, more than a thousand years ago.

XI'AN, December 25 (Xinhua) — The Twelve Hours of Chang'an, a large-scale themed street featuring performances, culinary experiences, and cultural experiences reminiscent of the Tang Dynasty (618-907), has reopened in Xi'an, Northwest China's Shaanxi Province. The new additions allow visitors to immerse themselves even more deeply in the atmosphere of that great era, more than a thousand years ago.

XI'AN, December 25 (Xinhua) — The Twelve Hours of Chang'an, a large-scale themed street featuring performances, culinary experiences, and cultural experiences reminiscent of the Tang Dynasty (618-907), has reopened in Xi'an, Northwest China's Shaanxi Province. The new additions allow visitors to immerse themselves even more deeply in the atmosphere of that great era, more than a thousand years ago.

XI'AN, December 25 (Xinhua) — The Twelve Hours of Chang'an, a large-scale themed street featuring performances, culinary experiences, and cultural experiences reminiscent of the Tang Dynasty (618-907), has reopened in Xi'an, Northwest China's Shaanxi Province. The new additions allow visitors to immerse themselves even more deeply in the atmosphere of that great era, more than a thousand years ago.

XI'AN, December 25 (Xinhua) — The Twelve Hours of Chang'an, a large-scale themed street featuring performances, culinary experiences, and cultural experiences reminiscent of the Tang Dynasty (618-907), has reopened in Xi'an, Northwest China's Shaanxi Province. The new additions allow visitors to immerse themselves even more deeply in the atmosphere of that great era, more than a thousand years ago.

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.

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

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

Baku, December 25 /Xinhua/ — Trade turnover between China and Azerbaijan is expected to reach a record high by the end of 2025, Chinese Ambassador to Azerbaijan Lu Mei said Thursday during a briefing on the year's results.

According to the diplomat, the high level of political relations between Beijing and Baku is accompanied by steady growth in trade and economic cooperation. From January to October of this year, bilateral trade volume reached $2.44 billion, representing an increase of more than 20 percent compared to the same period last year.

“This figure is expected to reach a historic high by the end of the year,” Lu Mei emphasized, adding that this is the third consecutive year that record figures have been broken.

The ambassador noted that China remains the largest source of Azerbaijani imports and one of Azerbaijan's key trading partners. She stated that investment, economic, and technological cooperation is steadily deepening, with Chinese companies actively participating in Azerbaijani projects in industrial production, retail, automotive manufacturing, and energy.

The briefing focused on cooperation between China and Azerbaijan in the field of renewable energy. Lu Mei reported that Chinese companies have signed agreements with Azerbaijan to implement five new energy projects with a total installed capacity of 1,570 MW, including solar and wind power plants. Once these facilities are operational, Azerbaijan's renewable energy generation capacity is expected to double. Furthermore, the launch of Azerbaijan's first large-scale wind energy project, with a capacity of 240 MW, is planned for this year, implemented with the participation of Chinese companies.

The ambassador also noted an increase in mutual tourist traffic following the abolition of the visa regime. From January to October of this year, the number of Chinese tourists visiting Azerbaijan exceeded 57,000, representing a nearly 50 percent increase year-on-year.

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.

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

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

Tbilisi, December 25 (Xinhua) — The strategic partnership between China and Georgia brings great benefits to the peoples of both countries, Chinese Ambassador to Georgia Zhou Qian said Wednesday at a New Year's reception in Tbilisi.

In his speech, Zhou Qian emphasized that 2025 would be a fruitful year for the development of the Chinese-Georgian strategic partnership, with political trust between the two countries significantly strengthened. During the year, several official Georgian delegations visited China. In November, Georgian Prime Minister Irakli Kobakhidze participated in the 8th China International Import Expo and met with Chinese Premier Li Qiang.

According to Chinese statistics, from January to October 2025, bilateral trade volume reached $2.23 billion, a 20.6 percent increase year-on-year. Exports from China to Georgia totaled $1.95 billion, a 19.2 percent increase year-on-year, while exports from Georgia to China reached $280 million, a 31.1 percent increase year-on-year.

"High-quality products made in China help the Georgian people continually improve their quality of life, and Georgian wine and agricultural products are becoming increasingly popular among Chinese consumers," the Chinese ambassador noted.

Zhou Qian noted the contribution of Chinese companies to the development of Georgian infrastructure, including the construction of highways, which contributes to the country's transformation into a regional transport hub in the Middle Corridor.

The diplomat noted that the teaching of Chinese was introduced into the Georgian state education system, and that a specialization in the Georgian language was opened in China.

According to Zhou Qian, the friendship between the two countries has a solid historical and cultural foundation. China and Georgia, as countries with ancient civilizations and similar aspirations for peace and development, can deepen the alignment of their national development strategies and expand cooperation in trade, transportation, and culture, he added.

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.