Certainty in an uncertain world

The recent Chinese National Day and Mid-Autumn Festival holiday, spanning from October 1 to 8, showcased unprecedented levels of domestic and international travel, as well as robust consumer activity. Cross-regional passenger trips surged to a record 2.43 billion, marking a 6.3% year-on-year increase. Cross-border travel also hit historic highs, with daily inbound and outbound travelers exceeding 2.04 million, an 11.5% rise from the previous year. Bookings for flights to China by foreign tourists soared by over 40%, reflecting both the enthusiasm of Chinese tourists traveling abroad and the growing interest of international visitors in China. These trends underscore China’s steady economic growth, openness, and resilience amid global economic uncertainties. China’s ability to maintain stability and growth is attributed to several key factors: First, a consistent development strategy and scientific macroeconomic policies. Since 1953, China has implemented 14 Five-Year Plans, ensuring policy coherence and long-term vision. Second, a super-large market with over 1.4 billion people and a complete industrial system, which provides economic resilience. Third, a friendly investment environment, with over 1.24 million foreign-funded companies established by the end of 2024 and actual utilised foreign capital reaching 20.6 trillion yuan ($2.83 trillion). Fourth, an innovative and green development pattern, with China’s Global Innovation Index ranking rising to 10th in 2025 and significant progress in green transformation. Fifth, an inclusive development philosophy, exemplified by President Xi Jinping’s people-centered approach, which has lifted nearly 100 million rural residents out of poverty since 2012. China’s global initiatives, such as the Belt and Road Initiative (BRI) and the Global Development Initiative (GDI), have further solidified its role in promoting inclusive and sustainable development worldwide. By 2030, the BRI is expected to lift 7.6 million people out of extreme poverty and 32 million out of moderate poverty in participating countries. Over 150 countries have joined the BRI, and more than 100 support the GDI. China remains committed to fostering a community with a shared future for humanity, bringing certainty to the global economy and contributing to global prosperity.