Editor’s note: Mei Qingping is a commentator on international affairs for CGTN. The article reflects the author’s opinions and not necessarily those of CGTN.

HAVING barely recovered from the pandemic, the global economy is reencountering headwinds, led by a new wave of reckless tariffs and protectionism. The Organization for Economic Co-operation and Development has lowered its forecasts for global growth to 3.1 per cent in 2025. As the unpredictability of some major countries’ policies piles up anxiety, the global market is desperate for certainty.

From a global perspective, it’s not all doom and gloom. Recent policies and signs from the Chinese economy indicate that once again, China can provide certainty to the turbulent global economy. In 2024, China achieved 5 per cent GDP growth, one of the highest rates among the world’s major economies. The recently concluded Two Sessions announced another 5 per cent growth target for 2025, showcasing the Chinese government’s confidence in stable growth despite difficulties and rising global challenges.

The certainty of China’s growth stems from a healthy interaction between the government and the market. Earlier this year, Chinese leadership reiterated its commitment to boosting the private sector during a high-level symposium with entrepreneurs. Thanks to favourable policies, millions of enterprises are showing great vitality.

Higher-quality vitality extends the certainty of the Chinese economy into long-term prospects. Cutting-edge technology has become an increasingly distinctive feature of the Chinese economy. With 4.76 million valid domestic invention patents, China has become the first country to surpass four million patents. Startups in Hangzhou, known as the “Six Little Dragons,” are attracting global attention with breakthrough products like DeepSeek and AI robotics. This signals the emergence of a new tech hub in East Asia with significant development potential.

A robotic arm is being used for smart manufacturing /VCG.

Openness remains another distinctive feature of the Chinese economy. Unlike the obsession with so-called reciprocity in some countries, China has voluntarily opened its doors for years. Its commitment to opening up has remained unchanged throughout its development stages.

In meetings with international business representatives, the crucial rule of foreign businesses in China’s modernisation and global integration is highly acknowledged. This process has undoubtedly achieved win-win results. While economic globalisation faces temporary challenges, it remains an unstoppable trend.

China’s openness is comprehensive and institutional. Rather than fearing imports, China embraces them. The China International Import Expo (CIIE) has run for seven consecutive years. With an average tariff rate of 7.3 per cent, China is lowering tariffs on pharmaceuticals and medical equipment. Meanwhile, the U.S. government’s escalating tariffs are disrupting global supply chains.

Beyond fully opening manufacturing, China is further opening telecom and medical sectors to foreign investors. Supported by visa-free policies, China is building international consumption centers for foreign visitors.

Facts demonstrate the value of opening up. Beyond its growth miracle, China has built the world’s most complete industrial chain. This foundation, coupled with consistent policies, continues to attract foreign investment.

According to the China Business Climate Survey Report issued by the American Chamber of Commerce in China, over 50 percent of surveyed U.S. companies plan to increase their China investments in 2025.

Despite tightened U.S. investment reviews, American CEOs formed the largest delegation at the China Development Forum (CDF).

Businesses act based on market principles.

This spring hosted major business forums like the Boao Forum for Asia Annual Conference and the CDF.

Global CEOs shuttled between Beijing, Hainan Province and other cities and provinces, with many announcing new investments in China. Their confidence reflects the value of a stable and open economy in today’s uncertain world.