„In the context of growing uncertainty in the global economy, China's more active and stable economic regulation policy contributes to its own economic growth and provides effective demand for the world economy.“ Why is the annual economic meeting in Beijing on 10–11 December attracting so much global attention?
From the perspective of China's development, next year marks the beginning of the 15th Five-Year Plan, and this session is held at an important historical milestone, with the 14th Five-Year Plan successfully coming to an end and the 15th Five-Year Plan beginning, which is of special significance. From the perspective of the global economic situation, the rise of protectionism, frequent geopolitical conflicts and the urgent need for the global economy to find a driving force for growth make China a long-term „stabiliser“ of global economic growth.
This year, despite pressure, the Chinese economy has continued to grow, with the estimated total economic output reaching approximately 140 trillion yuan, demonstrating its great resilience. Recently, the International Monetary Fund, the World Bank and other institutions have repeatedly raised their forecasts for the growth rate of the Chinese economy. The world expects to gain confidence and opportunities from China's economic planning for next year.
How will the Chinese economy fare next year? When compared with the content of last year's central economic work conference, it can be seen that this year's conference brought many new formulations. For example, last year's statement of „adverse effects of changes in the external environment“ has been changed to „the deepening impact of changes in the external environment“ this year. According to analysts, this shows that China has greater confidence and ability to face external pressures and actively create international space.
Furthermore, this year's meeting proposed to „increase the strength of countercyclical and intercyclical regulation.“ Analysts say this means that subsequent policy reforms will be more based on long-term changes in the economic cycle, reflecting the Chinese leadership's accurate understanding of economic laws and ability to adapt to circumstances.
Among the eight key tasks, „emphasising the dominance of domestic demand and building a strong domestic market“ ranks first. Next year, China will also „remain committed to innovation, accelerate the cultivation and strengthening of new driving forces,“ which means huge benefits for foreign consumers and investors. Regardless of changes in the international situation, China always insists on expanding openness.
The year 2025 was very special. Despite pressure, the Chinese economy developed with innovation and quality, and the main goals of economic and social development will be successfully achieved. The coming year 2026 promises good prospects. The supporting conditions and fundamental trend of long-term positive development of the Chinese economy remain unchanged. It is capable of achieving effective quality improvement and reasonable volume growth, making a good start to the 15th Five-Year Plan and providing the world with more „lists of opportunities“.
