Editorial
Boosting confidence
Editorial  ·  2025-03-17  ·   Source: NO.12 MARCH 20, 2025
The growing global significance of China's economic and social development has placed its annual Two Sessions among the world's most-watched political events. These plenary sessions of the National People's Congress and the Chinese People's Political Consultative Conference National Committee not only guide and report on China's domestic development, but also increasingly shape the role it plays around the world.

China contributes around 30 percent of global growth and the meetings have become a stabilizer of global economic confidence. The around 5-percent GDP growth target and policies promoting high-quality development, announced at this year's sessions, will enhance confidence in international markets and provide support for the recovery and sustainable development of the world economy.

The Two Sessions also provide the world with details on new and growing opportunities for commercial cooperation with China. At this year's meetings, China reaffirmed its commitment to the expansion of high-standard opening up, lifting all market access restrictions on foreign investment in the manufacturing sector and increasing market access in the service sector, so as to provide more market opportunities for global capital. China's huge and continuously upgrading consumer market offers vast opportunities for global goods and services.

The Two Sessions also plan and report on new development approaches, offering experience that may be of value to other developing countries. Issues concerning people's wellbeing, such as healthcare and elderly care, are part of China's people-centered development approach and provide a reference for other countries. Additionally, the Two Sessions are part of China's whole-process people's democracy, illustrating how China realizes sustainable development through evidence-based planning and democratic decision-making.

The Two Sessions are also a platform for China to express its increasingly open and inclusive attitude, with the aim of inviting and facilitating cultural exchange and people-to-people ties between countries. China has adopted a diplomatic vision of peaceful development and calls for resolving international disputes through dialogue and cooperation. This vision has played an important role in global peace and stability.

The Two Sessions not only provide a guide for China's development, but also a window for the world to observe and better understand the country. BR

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