Chinese Ambassador to Canada Wang Di published a byline article titled "China's Commitment to High-Quality Development Brings Stability, Reliability, and Positive Momentum to a Turbulent World" on the Hill Times

2026-03-31 10:16

On March 30, 2026, Chinese Ambassador to Canada Wang Di published a byline article titled "China's Commitment to High-Quality Development Brings Stability, Reliability, and Positive Momentum to a Turbulent World" on the Hill Times. The full article is below:

The annual sessions of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC), also known as Two Sessions, serve as an important window to observe China's development and are a crucial moment for understanding China's confidence and the direction it is heading in. The recently concluded Fourth Session of the 14th NPC and the Fourth Session of the 14th National Committee of CPPCC took stock of China's economic and social development achievements over the past year, reviewed and approved the Outline of the 15th Five-Year Plan (2026—2030), and charted the course for China's development this year and the next five years. Given the turbulences in the world and the uncertainty in global economy, China's solid efforts to realize high-quality development have attracted world-wide attention. I would like to share three points herein.

The steady performance of China's economy with good momentum injects confidence and strength into the global economy. In 2025, China's economy maintained overall stability with steady progress, demonstrating strong resilience. A growth rate of 5.0% stood out among major global economies. The annual economic increment exceeded 5 trillion yuan (about 1 trillion CAD), an equivalent to the economic scale of a medium-sized economy. The total economic output surpassed 140 trillion yuan (about 27.7 trillion CAD), with imports and exports of goods exceeding 45 trillion yuan (about 8.89 trillion CAD), maintaining positive growth for nine consecutive years. Its trade in service exceeded 8 trillion yuan (about 1.58 trillion CAD), remaining in the forefront of the world. China's contribution to global economic growth has stayed around 30%, serving as a solid pillar for stability and development of the global economy.

The Chinese Government Work Report has put the economic growth target for 2026 at 4.5%-5%. This target strikes a balance between current and long-term needs, domestic and international environments, and what is needed and what is possible, while taking into account both favorable and unfavorable conditions. It is an ambitious yet pragmatic target that reflects both enhancement in growth quality and reasonable increase in growth quantity. We are confident in and capable of achieving this target and will strive for even better outcomes. Meanwhile, we are ready to share opportunities of China's sustained development with the world.

China's five-year blueprint will provide more opportunities for the global economy. The outline of the 15th Five-Year Plan adopted at the Two Sessions has drawn a new blueprint for China's modernization in the next five years. In the complex international environment, a China with clear planning, well-defined goals, and sustained openness will provide “a list of opportunities” for global economic development.

In the next five years, China will focus on building a modern industrial system underpinned by advanced manufacturing. Building on its strengths in supply enabled by a complete industrial system, China will enhance industrial innovation capabilities and promote the growth of emerging and future industries. China has become the world's leader in the humanoid robotics industry, with high-tech products such as specialized equipment, high-end machine tools, and industrial robots becoming new business cards for Chinese manufacturing exports. China also leads the world in green trade, represented by lithium batteries, wind turbines, and photovoltaic products, which creates new opportunities for deepening international cooperation in clean energy.

In the next five years, China will further expand high-standard opening-up, sharing the opportunities of its massive market with the world in a more open manner through the three initiatives of “Buying in China”, “Exporting to China”, and “Investing in China”. In terms of consumption, with a 1.4 billion population and a middle-income group of over 400 million people, China has the second largest consumer market. The total retail sales of consumer goods have exceeded 50 trillion yuan (about 9.88 trillion CAD), and its consumption of goods in kind ranks the first in the world. This mega-sized market will continue to provide growth opportunities for trading partners worldwide. Regarding import and export trade, Chinese Commerce Minister Wang Wentao highlighted that China has been the world's second-largest import market for 17 consecutive years. The next step will be to further promote balanced trade development, ensuring that the two “wheels” of exports and imports remain balanced, so as to enable the vehicle of trade to go more steadily and further. In terms of investment, China will continuously optimize its business environment, organize more well-targeted events, and provide services of even higher quality and better platforms to attract more foreign enterprises to use the Chinese market as a testing ground and application field for their innovation and R&D.

Efforts should be made to enhance China-Canada economic and trade relations so as to elevate the bilateral practical cooperation to a new height. In 2025, the leaders of China and Canada had successful meetings. Canadian Prime Minister Mark Carney paid an official visit to China earlier this year, during which the two sides reached important consensus on fostering a new strategic partnership between China and Canada, ushering in new opportunities and broad prospects for expanding China-Canada economic and trade cooperation. China and Canada are mutually important economic and trade partners with strong economic complementarities and a solid foundation for cooperation. China looks forward to working hand in hand with Canada to be partners that uphold mutual respect, pursue shared development, trust each other, and engage in collaboration. We should lengthen the list of cooperation while shortening the list of irritants, and keep strengthening the bond of common interests with more in-depth and extensive cooperation. Our two countries can work together to reinforce each other's success, achieve shared prosperity, and enhance the well-being of our two peoples. This will inject more positive energy into the recovery and stability of the global economy in a world entrenched in division and uncertainty.