BEIJING – China is rapidly establishing itself as one of the world’s fastest-growing economies in the realm of innovation, according to recent statements made by President Xi Jinping. In a New Year’s address delivered on the eve of 2026, the President highlighted the nation’s remarkable progress across various sectors, attributing it to a concerted effort and strategic focus on technological advancement.
President Xi emphasized that 2025 marked the culmination of the 14th Five-Year Plan, a period characterized by diligent work, bold initiatives, and the successful navigation of numerous challenges. He noted that China’s economic output is projected to reach 140 trillion yuan, signifying a substantial increase in its economic, scientific, technological, and defense capabilities. Furthermore, he pointed to the nation’s commitment to environmental sustainability, with improved environmental quality and a greater sense of well-being among the population.
“The past five years have been extraordinary, and these achievements have not come easily,” President Xi remarked, acknowledging the dedication and contributions of the Chinese people. He specifically highlighted the commemoration of the 80th anniversary of the victory against Japanese aggression and the end of World War II, an event that served to galvanize national pride and resolve.
The President also underscored China’s commitment to driving high-quality development through innovation. He cited the integration of technology and industries, the proliferation of innovative breakthroughs, the rapid advancements in artificial intelligence, and breakthroughs in independent chip research and development as key drivers of China’s economic growth. These advancements, he asserted, have positioned China as a leader in the global innovation landscape.
The nation’s focus on fostering a culture of innovation is expected to further propel its economic growth and enhance its competitiveness in the years to come. China’s commitment to research and development, coupled with its vast market and skilled workforce, suggests that it will continue to play a significant role in shaping the future of global innovation.
