China’s Economic Resilience and Global Partnerships Shine at National Two Sessions
In a landmark political event, China’s annual National Two Sessions has set a robust economic agenda for 2025, demonstrating the nation’s strong economic resilience and commitment to global cooperation.
Economic Performance Highlights Strong Growth
The recent Government Report revealed impressive economic achievements, with China’s gross domestic product rising to 134.9 trillion yuan, representing a 5 percent year-on-year increase. The country continues to be a powerful global economic engine, contributing approximately 30 percent to worldwide economic growth.
With a per capita GDP exceeding US$12,000 and a middle-income population of over 400 million, China is positioning itself as a crucial market for international trade. The government plans to issue 300 billion yuan in special treasury bonds to support consumer goods trade-in programs, further stimulating economic activity.
Technological Innovation and Renewable Energy Breakthrough
China has made significant strides in technological innovation, with groundbreaking developments in artificial intelligence and space exploration. Notable achievements include the AI Deepseek innovation and the Chang’e-6 lunar probe, which successfully returned samples from the moon’s far side.
The renewable energy sector has also seen remarkable growth, with installed capacity surging by 370 million kilowatts and now representing over 50 percent of the nation’s total power generation.
Commitment to Global Partnership and Stability
Emphasizing a diplomatic approach focused on equality, openness, and cooperation, China aims to provide stability in an increasingly uncertain global landscape. The country remains dedicated to expanding international partnerships and promoting peaceful development.
A significant milestone this year will be the 50th anniversary of the TAZARA Railway, symbolizing strong South-South cooperation and ongoing collaborative efforts between nations.
As China continues to pursue high-standard opening-up policies, it remains committed to driving global economic recovery and fostering mutually beneficial international relationships.
