Formulating Five-Year Plans for economic and social development is a hallmark of the CPC's governance. Against the backdrop of multiple uncertainties such as geopolitical conflicts, rising protectionism and climate crisis, China's Five-Year Plans, bringing medium- and long-term strategic stability and policy continuity, have provided valuable certainty for the world economy and have been closely watched by the international community.

The recent plenary session set out the main objectives for economic and social development during the 15th Five-Year Plan period and proposed work plans to achieve them. By reading the documents it adopted, the international community can gain an understanding of how China will promote economic development and choose its areas for future investment. For instance, China has prioritized high-quality development, placed greater emphasis on new quality productive forces featuring new economic models, new businesses and new industries, emphasized coordinated development and security and steadily expanded high-standard opening up, which provides global partners with new, predictable, available and feasible cooperation opportunities in areas of manufacturing, trade, green development and digital technologies.

The 15th Five-Year Plan period will be a pivotal time in China's development, as it consolidates the economic and social foundation built over the last seven decades, transitions to becoming an economy and society driven by world-leading technology and international cooperation, and begins its final push toward its 2035 goal of basically achieving socialist modernization. The next five years will bring more opportunities than ever for cooperation with China in areas that deliver joint development and shared prosperity.