Chinese Premier Li Qiang announced on March 5, 2026, that China has successfully navigated external economic pressures and stabilized its macroeconomic fundamentals over the past year. The remarks came during his delivery of the government work report to the fourth session of the 14th National People's Congress, underscoring the country's resilience amid rising global protectionism and domestic structural reforms.
Premier Li highlighted rare external shocks, including unilateral trade measures and geopolitical tensions, which tested China's economic strategy. He emphasized the government's 'calm and decisive' response, citing five rounds of productive China-US economic consultations and a pivotal bilateral meeting between leaders in Busan that strengthened cooperation frameworks.
Domestically, coordinated policies focused on stabilizing employment, businesses, and market expectations were prioritized. Counter-cyclical adjustments and targeted support for key industries helped maintain a 5.2% GDP growth rate while advancing high-quality development initiatives in green energy and advanced manufacturing.
'By preparing for the worst while striving for the best, we've not only stabilized our economy but also reinvigorated societal confidence,' Li stated, noting improved investor sentiment and a 12% year-on-year increase in overseas capital inflows during Q4 2025.
Analysts suggest China's emphasis on self-reliance in critical technologies and expanded ASEAN trade partnerships will remain central to its 2026 economic strategy, particularly as global supply chain realignments continue.
