International experts praising China's 15th Five-Year Plan at the 2026 China Development Forum in Beijing.
International experts praising China's 15th Five-Year Plan at the 2026 China Development Forum in Beijing.
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Global experts confident in China's 15th Five-Year Plan

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At the China Development Forum 2026 in Beijing, international experts praised China's 15th Five-Year Plan for offering clear direction to the global economy and highlighted its stability.

The China Development Forum 2026 took place at the Diaoyutai State Guesthouse in Beijing from March 22 to 23. Global CEOs and professionals gathered, expressing confidence in China's development. Jeffrey Sachs, U.S. economist and professor at Columbia University, said in an interview: “China is very stable, clear, measured, and peaceful in its responses, providing key stability for the whole world.” He noted that the 15th Five-Year Plan, from rollout to implementation, is clearly explained, “offering a clear direction not only for China but for the entire world economy.” Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group, remarked that under the plan, technological innovation and AI development take center stage. “It also offers us an opportunity to improve processes of how we make the things.” Zheng Yongnian, dean of the School of Public Policy at The Chinese University of Hong Kong, Shenzhen, stated: “We counter global uncertainty with China's certainty.” These views underscore China's role in providing certainty amid global uncertainty. (By Huang Fang, Dai Yue and Li Jinlei)

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Reactions on X to the China Development Forum 2026 largely feature positive endorsements from global experts praising China's 15th Five-Year Plan for its stability, forward-looking innovation, and role in providing global economic certainty. State media highlighted comments from academics like John Quelch and Michael Greenstone, and business leaders emphasized China's reliability amid uncertainties. A few voices expressed cautious optimism regarding investment outcomes.

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Illustration of Premier Li Qiang unveiling China's 15th Five-Year Plan GDP target and priorities at the National People's Congress.
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China outlines 15th Five-Year Plan priorities, sets 2026 GDP target at 4.5-5% in NPC government report

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Premier Li Qiang delivered the government work report to China's National People's Congress on March 5, 2026, setting a 2026 GDP growth target of 4.5-5% and outlining priorities for the 15th Five-Year Plan (2026-2030), including technological innovation, economic security, public well-being, energy production and decarbonisation. The report announced 20 growth targets across economy, technology, healthcare and more, plus 109 major projects in six areas—up from 102 previously—to support doubling 2020 per capita GDP by 2035.

Following Premier Li Qiang's government work report setting a 2026 GDP growth target of 4.5-5%, Zheng Shanjie of the National Development and Reform Commission projected over 6 trillion yuan GDP growth this year at the NPC economy press conference. The service sector is expected to exceed 100 trillion yuan during the 15th Five-Year Plan (2026-2030). Leaders including Xi Jinping emphasized high-quality development amid the sessions.

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Building on priorities set at the December 2025 Central Economic Work Conference, the fourth session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) opened in Beijing on March 4, 2026, with President Xi Jinping in attendance. The fourth session of the 14th National People's Congress (NPC) convenes March 5-12 to deliberate the government work report and draft outline of the 15th Five-Year Plan (2026-2030). Spokesperson Lou Qinjian highlighted plans to expand opening-up, boost consumption, and advance sci-tech self-reliance amid ongoing economic pressures.

Shanghai's municipal government held a news conference to announce the start of the 2026 Shanghai Global Investment Promotion Conference on March 14, lasting a week. The event aims to enhance the business environment and government services to build stronger industrial chains. Officials and executives highlighted new platforms for emerging technologies to attract investments.

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Chinese central authorities will continue rolling out more policies and measures that benefit the Hong Kong Special Administrative Region during the 15th Five-Year Plan period, a spokesperson said on Wednesday. The central authorities will make further arrangements in the 15th Five-Year Plan for national economic and social development to support Hong Kong in leveraging its unique strengths and playing a significant role.

On March 8, Chinese Foreign Minister Wang Yi held a press conference in Beijing during the annual two sessions, addressing questions on foreign policy and international relations. He emphasized China's commitment to peaceful development and building a community with a shared future for humanity, while commenting on issues like US ties.

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Chinese President Xi Jinping called for breaking new ground in the high-quality development of China's service sector at a national conference held in Beijing from Tuesday to Wednesday. He underscored demand-driven development, reform breakthroughs, technology empowerment, and opening up. Premier Li Qiang and Vice Premier Ding Xuexiang addressed the meeting.

 

 

 

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