Understanding China’s Growth Through the Recent Two Sessions
The recent global dialogue on “China in Springtime” serves as a symbolic representation of China’s vibrant economic and political landscape during the annual Two Sessions. This important event, held in Beijing, brings together over 5,000 delegates of the National People’s Congress (NPC) and members of the Chinese People’s Political Consultative Conference (CPPCC) to discuss the country’s development agenda. In this article, we will explore the key themes emerging from the Two Sessions, which focus on China’s robust economic growth, the principles of whole-process people’s democracy, and the commitment to high-level opening-up.
A Reflection of Economic Growth
At the heart of the Two Sessions is a significant focus on economic performance as a barometer of success. In 2024, China achieved a notable GDP growth rate of 5%, contributing approximately 30% to global economic growth. The government highlighted advancements in technology, including breakthroughs in humanoid robotics and innovative industries that form the backbone of a rapidly evolving economy.
Looking ahead to 2025, China envisions maintaining its commitment to high-quality development. Economic policies will be proactive and effective, with plans to issue around $180 billion in ultra-long-term special treasury bonds. This approach aims to boost consumer spending, nurture domestic demand, and foster the growth of future industries, including bio-manufacturing, quantum computing, embodied intelligence, and emerging 6G technologies. With these initiatives, China is poised to achieve a 5% growth rate once again, demonstrating confidence in its robust economic structure.
Whole-Process People’s Democracy
One of the most significant aspects of the Two Sessions is the embodiment of whole-process people’s democracy, where the government acts as a bridge connecting policies to the voices of the citizens. This democratic approach was exemplified in the drafting of the Government Work Report, which incorporated nearly 4,000 opinions from various sectors and over 2 million suggestions from netizens. The emphasis on public consultation ensures that policies are reflective of the community’s needs and aspirations.
The diverse backgrounds of NPC deputies and CPPCC members—from farmers to factory workers—enable the inclusion of community voices in high-level decision-making. Over the past year, extensive consultation sessions resulted in over 6,000 proposals aimed at addressing pressing public concerns, ranging from building a fertility-friendly society to improving elderly care. Such engagement showcases the effectiveness and authenticity of whole-process democracy in facilitating the well-being of the people.
Commitment to High-Level Opening-Up
As the world faces challenges related to economic globalization, China remains committed to high-level opening-up, further enhancing its engagement with the global market. The Two Sessions highlighted a new 2025 Action Plan aimed at stabilizing foreign investments and expanding institutional opening. This commitment includes stabilizing trade and promoting foreign investment across various sectors, such as telecommunications, healthcare, and education.
With a 9.9 percent increase in newly established foreign-invested companies last year, China continues to demonstrate its attractiveness as a business destination. Notably, significant increases in investment from countries like the UK, the Republic of Korea, and the Netherlands signify growing confidence in China’s market. This trajectory emphasizes China’s sustained commitment to opening up and fostering international cooperation, presenting vast opportunities for businesses around the world.
Challenges and Opportunities in China-U.S. Relations
Despite China’s impressive growth and democratic advancements, the nation faces challenges in its relationship with the United States, which has reached a critical juncture. The Chinese perspective emphasizes resilience and determination in the face of adversity, asserting that pressure tactics, tariff wars, and other forms of economic near-coercion will not succeed.
A call for dialogue and cooperation is paramount. Emphasizing mutual respect, peaceful coexistence, and collaborative opportunities, China seeks to engage the U.S. in a constructive manner that fosters a stable and sustainable bilateral relationship.
Conclusion
The Two Sessions offer a rewarding glimpse into China’s aspirations for the future. The emphasis on high-quality economic growth, the active participation of citizens in governance through whole-process people’s democracy, and a commitment to opening up present a multidimensional picture of a nation poised for continued development and cooperation on the global stage. As challenges emerge, especially in international relations, China’s resolve to cultivate a constructive and progressive ethos reflects its confidence in building a better future, not just for its own citizens, but for the broader world.