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China committed to being cornerstone of certainty: premier

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China committed to being cornerstone of certainty: premier

2026-03-22 19:50 Last Updated At:21:57

China remains committed to being a cornerstone of certainty and a harbor of stability for the world when unilateralism and protectionism are on the rise, power politics runs rampant and international rules and order face serious challenges, Chinese Premier Li Qiang said Sunday in his keynote speech at the opening session of the China Development Forum 2026.

Themed "China in its 15th Five-Year Plan Period: Advancing High-Quality Development and Creating New Opportunities Together," the two-day event in Beijing convenes global business leaders and scholars to explore shared opportunities emerging from China's pursuit of high-quality growth.

Noting protectionism is not a panacea, Li underlined the need to uphold openness, pursue an enterprising spirit, expand free trade, and promote innovation to create incremental market shares rather than grab the existing markets.

China's import and export constitute fair trade conducted within the framework of rules, Li said, adding China will firmly advance high-standard opening up, import more quality products, and work with all parties to promote optimized and balanced development of trade and enlarge the global economic and trade pie.

Li urged benign competition and cooperation for win-win results. China opposes disorderly and irrational vicious competition, and believes under market economy conditions, healthy competition can stimulate greater development momentum, he said.

The premier stressed that China's competitive advantages in related industries are achieved through persistent efforts to deepen reforms, promote innovation-driven development, and most importantly, through hard work and diligence of the Chinese people and enterprises rather than subsidies and protection.

China will continue its efforts to maintain a fair and competitive market order and is willing to strengthen communication and cooperation with all parties to jointly keep the global industrial and supply chains safe and stable, he said.

Li called on the international community to shoulder responsibilities, take action and forge ahead with confidence. He said the outline of the 15th Five-Year Plan (2026-2030) is not only a new blueprint for China's development, but also a new opportunity for the world's development.

China will focus on promoting high-quality development and maintaining stable economic growth, while creating a favorable business environment and ensuring national treatment for foreign-funded companies, so that companies coming to China can develop with confidence and achieve great success, he said.

Sunday's opening session was attended by approximately 750 representatives from Chinese and international business communities, including New Development Bank President Dilma Rousseff and Asian Infrastructure Investment Bank President Zou Jiayi.

China committed to being cornerstone of certainty: premier

China committed to being cornerstone of certainty: premier

China committed to being cornerstone of certainty: premier

China committed to being cornerstone of certainty: premier

China will use various policy tools to build a robust domestic market, said China's Minister of Finance Lan Fo'an at the China Development Forum 2026 annual meeting on Sunday.

Themed "China in its 15th Five-Year Plan Period: Advancing High-Quality Development and Creating New Opportunities Together", the two-day event convenes global business leaders and scholars to explore shared opportunities emerging from China's pursuit of high-quality growth.

Lan stated the government will step up efforts to boost consumption and intensify implementation of inclusive policies that deliver benefits directly to consumers. This year, 250 billion yuan (around 36.3 billion USD) in ultra-long-term special treasury bonds will be allocated to support trade-in programs for consumer goods, and a 100 billion yuan fund will be established to stimulate domestic demand.

Meanwhile, efforts will be made to enhance long-term consumption capacity, strengthen employment support, improve the social security system, and increase residents' income through multiple channels.

On expanding effective investment, the government will optimize its investment structure and coordinate the use of ultra‑long‑term special treasury bonds, local government special bonds, and investment from the central government budget. Greater funding will be concentrated on priority areas such as new quality productive forces and new urbanization.

"We will improve fiscal and tax support policies, help private enterprises share risks, reduce financing costs, and stimulate private investment. This year, we will allocate special funds to provide credit enhancement for private enterprises issuing bonds; establish a special guarantee program for private investment; implement loan interest subsidy policies for micro, small and medium-sized enterprises; and guide more financial resources to business entities and the real economy," said Lan.

Finance ministry pledges stronger policy efforts to build robust domestic market

Finance ministry pledges stronger policy efforts to build robust domestic market

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