BEIJING (APP – Urdu Point / Pakistan Point News – 6th Mar, 2026) “For the foreseeable future, China will remain the world’s growth engine,” said Erik Solheim, former UN Under-Secretary-General.
According to the government work report submitted Thursday to China’s top legislature for review, the country targets economic growth of 4.5 to 5 percent this year and will strive to achieve better in practice.
This figure exceeds the International Monetary Fund’s expectations for global economic growth of 3.3% and 4.2% for emerging and developing economies in 2026.
“Number is one thing, and quality should not be overlooked,” Tianchen Xu, chief economist at the Economist Intelligence Unit, told the China Economist Net. “As China moves towards high-quality development, this implies translating growth into tangible income gains, improved access to public services, and widespread adoption of advanced technologies.”
Artificial Intelligence: A point of attraction for global investors
In 2025, China’s production of industrial robots and integrated circuits will rise by 28% and 10.9% respectively, according to the government work report.
Data from OpenRouter, the world’s largest API aggregator platform for large models, shows that total token consumption for the top 10 models on the platform had exceeded 28.7 trillion as of the end of February. Among them, Chinese models contributed more than 14.69 trillion, which is the first time in history that the monthly token call share exceeded 50%.
According to Xu, while AI has been a major consumer of energy, China has been rapidly expanding its electricity generation capacity over the past few years, including renewable energy. This expansion will ensure that China’s AI development is supported by adequate electricity supplies. Moreover, China will likely be able to provide AI services to global users at a lower cost. With this advantage, China could gain a dominant or even majority share in the global AI market.
“Given its attraction to Chinese technologies, there was a fundamental re-evaluation of Chinese assets in late 2024 and throughout 2025,” Xu noted.
The MSCI China Index rose 31.4% in 2025, outperforming global markets. “Much of this rise has been driven by innovation-led themes, particularly in technology and AI. As China’s innovation ecosystem now extends beyond AI into areas such as robotics, autonomous driving, next-generation mobility, and advanced manufacturing, the momentum will continue,” said Mohammad Faran Khan, Associate Director, KTrade Securities. Pakistan.
The government work report proposes to promote the commercial and large-scale application of AI in key industries and fields and support the building of open source AI communities. A new set of smart factories and smart supply chains will also be built.
Consumption market: broad opportunities
In the next decade or so, the number of China’s middle-income group is likely to exceed 800 million people, representing the best application scenario of the current technological revolution and industrial transformation, said Lu Qinjian, spokesman for the fourth session of the 14th National People’s Congress at a press conference on Wednesday.
In 2025, China’s total retail sales of consumer goods will exceed $50 trillion yuan For the first time, it contributed 52% to economic growth. Lu revealed that the country will formulate laws on social assistance, medical security and childcare services this year, and will promote the allocation of more resources to areas related to people’s livelihoods so that people will be able, willing and confident to spend.
bernardo mendia, blackboard Advisor to the European Union Young Entrepreneurs Association and Secretary General of the Portuguese-Chinese Chamber of Commerce and Industry (CCILC) highlighted companies’ desire for long-term integration into Chinese value chains.
“The engagement of Portuguese companies with the Chinese market is going through a phase of profound maturity. We are moving beyond the era of simple business transactions to a phase defined by strategic industrial presence. While the willingness to partner is still high, it has developed from a general curiosity to a targeted search for technological and capital synergies. Portuguese companies are increasingly realizing that to succeed in China, they must offer something truly worth buying – competitive value not only on priceBut on specialized quality and innovation.”
“Along with large enterprises, opportunities for SMEs are expanding through digital channels. China is the largest e-commerce market in the world, allowing international SMEs to enter the market with less risk and without the need for a physical presence. We see a growing niche for gourmets. food “Specialized lifestyle products and brands and management consulting services,” Mendia said.
China and the United States: Towards a broader scope for cooperation
At the press conference held on Wednesday, Lu said that China is willing to strengthen communications with the United States at all levels and through various channels to create a broader space for cooperation between the world’s two largest economies. At the same time, China has its own principles and red lines, and will resolutely safeguard its sovereignty, security and development interests.
Chinese customs data show that trade between China and the United States recorded 4.01 trillion yuan in 2025, accounting for 8.8 percent of China’s total foreign trade. High value-added, technology-intensive products are now the main driver of China’s export growth to the United States, with electronic equipment, machinery, electrical products, and photovoltaic modules driving the expansion.
According to Xu, as the United States looks to strengthen its manufacturing sector, economic cooperation with China, the world’s largest producer, is essential.
Last month, the 20th anniversary ceremony of the US-China Trade Reconciliation Program was held in Beijing.
Wang Wenhuai, spokesman for the China Council for the Promotion of International Trade (CCPIT), said earlier this month that the Council will continue to strengthen industry and supply chain cooperation with the United States by making full use of platforms such as the China International Supply Chain Expo (CISCE) and the US-China Trade Matchmaking Program (CMP). He revealed that the upcoming CISCE exhibition will witness a stronger presence from leading American companies, along with prominent figures from business, government and academia. In the artificial intelligence section of the exhibition, Chinese and American artificial intelligence companies will share the same stage. Wang also stressed enhancing cooperation between the two countries. a job Communities in emerging sectors including the digital economy, biopharmaceuticals, and new energy vehicles.
“So far, the China Council for the Promotion of International Trade has approved 119 activities for Chinese companies to participate in exhibitions held in the United States in 2026, of which 30 activities have been implemented by February,” Wang said.
Solheim stressed the necessity of bilateral cooperation in the field of renewable energy. “With a highly efficient production ecosystem, China is an indispensable country for the green transition, producing more than 60% of green technologies – up to 90% from solar energy alone. Its new energy products are a global public good, consistent with the collective goal of sustainability. No country, including the United States, can achieve a green future without partnering with China,” he said.
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