The Political Bureau of the Communist Party of China Central Committee held a meeting in Beijing on Tuesday to analyze and study the current economic situation and economic work.

The meeting called for greater efforts and more concrete measures to bolster economic work through achieving self-reliance, strengthening science and technology, and building self-supporting and risk-controllable industrial chains.

The meeting indicated that China will continue to make full use of its institutional strengths and comprehensive policy toolkit to consolidate the momentum of growth.

China's GDP expanded by 5 percent year-on-year in the first quarter of 2026. Industrial profits of major enterprises rose 15.5 percent year-on-year from January to March, while high-tech manufacturing and equipment manufacturing also posted strong gains. These figures reveal that China is steadily moving toward a more sustainable innovation-led development model.

The meeting highlighted a forward-looking, flexible and targeted approach in which employment, enterprises, markets and expectations remain priorities.

To that end, the authorities should implement a more proactive fiscal policy and apply an appropriately accommodative monetary policy in a targeted and effective way, the meeting said.

International markets have already noted the soundness of this approach. Moody's recent decision to affirm China's A1 sovereign credit rating and upgrade its outlook to "stable" reflects a recognition of China's macroeconomic resilience, fiscal strength and policy effectiveness.

The meeting's emphasis on expanding domestic demand and optimizing supply is in line with the country's endeavors to upgrade consumption and industry. The superlarge market and complete industrial system of China can help it better adapt to external uncertainties.

At the same time, China is accelerating investment in strategic infrastructure, including water networks, new-type power grids, computing infrastructure, new-generation communications networks, urban underground pipelines and logistics systems. Such projects not only support current demand but also raise future productivity and resilience, laying the groundwork for long-term modernization.

Maintaining a reasonable share of manufacturing, advancing the AI Plus initiative, and improving artificial intelligence governance, as the meeting stressed, all point to China's objective to strive for a position at the forefront of the new industrial and technological revolution.

Notably, the meeting urged efforts to systematically address external shocks and challenges, enhance energy and resource security, and respond to uncertainties with the certainty of high-quality development. These are practical measures aimed at strengthening confidence and ensuring systemic stability.

Meanwhile, China's commitment to reform and opening-up remains firm. The meeting called for concrete actions to improve domestic and international economic flows so as to get the 15th Five-Year Plan (2026-30) period off to a good start.

Beijing welcomes cooperation, supports fair competition, and remains committed to resolving differences through dialogue and consultation. But it will not accept coercion, bullying or discriminatory treatment that harms Chinese enterprises and undermines market fairness.

China will resolutely defend Chinese entities' legitimate rights and interests. Its response to the European Union's Industrial Accelerator Act reflects a principled stance against institutional discrimination, forced technology transfer, local-content barriers and unfair procurement restrictions.

Similarly, China's handling of foreign investment security review matters reflects the steady progress of its legal and regulatory framework as shown by the decision of the country's foreign investment watchdog departments on Monday to prohibit Meta's acquisition of the Chinese AI startup Manus because of substantial national security considerations.

What the world is witnessing is an increasingly open China that is also more pragmatic and efficient in protecting its development interests.

In an era marked by fragmentation and uncertainty, China's policy consistency, economic resilience and commitment to cooperation stand out. By sustaining its positive economic momentum, safeguarding its legitimate rights and interests, and navigating external turbulence with confidence and composure, China's development remains a boon to the world.