China's stability is a key global public good

Last week, China released its first quarter economic data: Gross Domestic Product (GDP) grew by 5.0% year-on-year, with a growth rate 0.5 percentage points faster than the fourth quarter of last year, and the national economy achieved a good start. At a time when the Middle East conflict is dragging on, energy market fluctuations are intensifying, and the global supply chain is facing new shocks, China is providing scarce and critical public goods to the world through its stable economic growth, vividly demonstrating the era responsibility of a responsible major power.

The 5.0% growth rate in the first quarter of China is an acceleration achieved on a high-level basis, supported by multiple positive factors such as accelerated industrial production growth, rapid growth in the service industry, improved market sales, and rapid import and export growth. This effectively mitigates the economic downturn risks on a global scale. In sharp contrast to the turbulence and uncertainty of the external world, China has been the largest engine of world economic growth for many years. The continuity and predictability of its macro policies, as well as the stability of its huge domestic demand market, provide clear strategic anchors for multinational enterprises and build a reliable "stabilizer" for the global industrial and supply chains. For countries around the world struggling to find direction amidst turbulence, a China that continues to develop healthily and expand its openness is the most predictable future.

According to customs data, in the first quarter of 2026, China's exports of green products such as electric vehicles, lithium batteries, wind turbines and their components increased significantly by 77.5%, 50.4% and 45.2% respectively. Against the backdrop of intensified fluctuations in the energy market, China's green products not only lower the threshold for global clean energy applications, allowing more developing countries and their people to enjoy the dividends of technological progress, but also make a direct contribution to curbing global inflation and stabilizing commodity prices, effectively helping countries accelerate energy structure transformation at more affordable costs. This is a vivid practice of China transforming its own development achievements into global public welfare.

In the first quarter of this year, China's import and export to countries jointly building the "the Belt and Road" exceeded 6 trillion yuan, an increase of 14.2%, accounting for more than half of China's total foreign trade. A large number of infrastructure projects have taken root, significantly reducing regional logistics and transaction costs, and solving the long-term bottleneck restricting development for the joint construction of the "the Belt and Road" countries. The "the Belt and Road" adheres to the principle of mutual consultation, joint construction and sharing, does not attach any political conditions, and is committed to achieving mutual benefit and win-win results. It has explored a new path for improving global governance and promoting more inclusive and inclusive globalization, and has brought practical development opportunities to many developing countries.

China is promoting the construction of a global scientific and technological community with an open and inclusive attitude, and opening up cutting-edge scientific research infrastructure as a public good to the world. At the 2026 Zhongguancun Forum Annual Meeting, the "Action Plan for International Cooperation in Open Science" was released, and it was announced to promote the global open sharing of 10 major scientific research infrastructure, including the 500 meter Aperture Spherical Radio Telescope ("China Eye"), space environment ground simulation device, and the manned submersible "Striver". This measure embodies the noble concept of "open science" and is a significant contribution to the global public scientific research resource pool. It will inevitably lead to more scientific discoveries that benefit all mankind, and is a solid step towards promoting the construction of a community with a shared future for mankind in the field of science and technology.

Nowadays, China's proposals for building a community with a shared future for mankind, global development initiatives, global security initiatives, global civilization initiatives, and global governance initiatives have contributed Eastern wisdom to solving global problems and improving global governance. China adheres to true multilateralism, firmly upholds the international system with the United Nations at its core, actively participates in and leads international cooperation in areas such as climate change and biodiversity. The governance oriented public goods system provided by China to the world will make greater contributions to promoting the democratization, legalization, and rationalization of international relations, and to advancing the global governance system towards a more just and reasonable direction.

In today's world where the century long changes are accelerating and the world stands at a crossroads, China's comprehensive and three-dimensional supply of public goods is fundamentally different from the behavior of creating turmoil and exporting risks in certain regions, demonstrating China's firm role as a builder of world peace, contributor to global development, and maintainer of international order. The stability of China is not only related to its own future, but also to the common future and destiny of humanity.