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China's high-quality development carries significant implications for world: global observers

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China

China's high-quality development carries significant implications for world: global observers

2026-03-12 00:07 Last Updated At:12:16

International observers have highlighted the positive signals emerging from China's ongoing "two sessions," noting that the country's push for a strong start to the 15th Five-Year Plan (2026-2030) period demonstrates the robust momentum of its high-quality development and continues to inject confidence into the global economy.

Experts and officials from around the world pointed to China's development experience as a valuable reference for Global South nations, offering alternative pathways for achieving modernization and sustainable development.

"President Xi stated that [Chinese] modernization is modernization that leads to common prosperity for all. This model injects confidence into the Global South nations, including Nigeria. It demonstrates that there is more than one path leading to modernization. The 'common prosperity' emphasized in the Chinese path provides a Chinese solution to the world's escalating problems of wealth gaps and distributive injustice. This is not only China's achievement, but also a new form of human advancement," said Sen Abubakar Sani Bello, chairman of Nigeria's Senate Committee on Foreign Affairs.

In Singapore, a prominent economist echoed this sentiment, highlighting the institutional strengths underpinning China's development trajectory.

"The [CPC's] centralized leadership has provided strong state capacity and long-term policy continuity, enabling large-scale infrastructure development, industrial upgrading, coordinated green and technological strategies, and historically significant poverty reduction. Globally, this presents an alternative modernization narrative and this offers a different pathway from the traditional Western models, and this is very relevant, particularly for developing countries in the Global South," said Tan Kong Yam, Emeritus Professor of Economics at the School of Social Sciences of Nanyang Technological University of Singapore.

Stephan Ossenkopp, a senior expert at German-based think tank Schiller Institute underlined the global significance of China's policy direction, particularly its emphasis on technological cooperation and shared development.

"I think the two sessions have created a comprehensive vision for the future of not only China, but for mankind. So the recent 25 years, under the guidance of the Five-Year Plans, have created an immense leadership role of China in technology and that's very significant because China is a country that is connected to the world via the Belt and Road Initiative and via many multilateral organizations. So they are more likely and they intend to share technologies with their partners," he said.

"So these initiatives of President Xi are very important, very central. If sovereign nations treat each other with respect and have the security and development interest of the other also in mind, then I think the future can be a peaceful future," said Ossenkopp.

China's high-quality development carries significant implications for world: global observers

China's high-quality development carries significant implications for world: global observers

The United Arab Emirates (UAE) has withdrawn from the Organization of the Petroleum Exporting Countries (OPEC) to secure its greater crude oil pricing autonomy and show its dissatisfaction with neighboring Arab states over their failure to condemn Iran's attacks on it, a Chinese expert on the Middle East said.

On Tuesday, the UAE announced it would withdraw from OPEC and the broader OPEC+ alliance, effective May 1. The move removes the bloc's third-largest oil producer and further weakens its influence over global oil supplies and prices.

In an interview with China Central Television (CCTV), Wang Jin, director of the Center for Strategic Studies at Northwest University in China, noted that disagreements over global energy pricing between the UAE and other OPEC members prompted the exit, as the country seeks greater autonomy over its crude oil exports.

"There are divergent views between the UAE and members of the OPEC or the broader OPEC+ alliance regarding international energy pricing. According to Saudi Arabian assessments, a price range of 80 to 90 U.S. dollars per barrel aligns with their national interests. However, the UAE tends to believe that a price of around 50 U.S. dollars per barrel is sufficient to meet its essential economic needs. Consequently, the UAE seeks to exit these mechanisms to gain more leverage over pricing and bolster its autonomy in global oil exports," Wang said.

Beyond economic disputes, Wang noted that the decision also stems from the UAE's dissatisfaction with regional neighbors, who failed to provide sufficient support to the UAE -- the most targeted Gulf nation by Iranian strikes -- during the recent tensions in the Middle East.

"The UAE harbors deep dissatisfaction with current regional policies. After the United States and Israel launched military strikes against Iran, the UAE has, in fact, been the most targeted Gulf nation by Iranian attacks. From the UAE's perspective, neighboring Arab states including Saudi Arabia and Qatar, have failed to offer sufficient support for it or issue more vocal condemnations of Iran's actions. This lack of support has fueled the UAE's significant resentment. Furthermore, as Iran itself is a member of both OPEC and OPEC+ alliance, the UAE is inclined to use its withdrawal from these mechanisms to demonstrate dissatisfaction over the regional status quo," he said.

UAE quits OPEC for pricing autonomy amid regional tensions: Chinese expert

UAE quits OPEC for pricing autonomy amid regional tensions: Chinese expert

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