China’s narrative of economic resilience, technological advancement takes center stage at Boao Forum in World Economy News 30/03/2026 As the Boao Forum for Asia Annual Conference 2026 draws to a close on Friday in Boao, a coastal town in south China’s Hainan province, it leaves behind a legacy of shared insights and renewed commitment to cooperation in tackling global challenges. Amid mounting geopolitical rifts, uneven growth and rising uncertainty in the international landscape, the four-day global gathering has offered the world a glimpse into how China is navigating turbulence, upgrading from within, and engaging with a global system hungry for stability and development. A STABILIZING BALLAST The global economic outlook remains precarious. The United States has imposed sweeping tariffs on economies worldwide, disrupting established supply chains; many developing nations grapple with sluggish export demand; cross-border investment stays cautious amid market uncertainty; and protectionist sentiment continues to erode the rules-based global trading system. In the face of this volatility, China has stood out as a stabilizing force delivering much-needed confidence and predictability to the global economy, said the attendees of the forum. Despite escalating global trade uncertainties — ranging from geopolitical tensions and rising protectionism to supply chain “de-risking” — the foundations of intra-regional trade integration in Asia remain resilient. Within this landscape, China and ASEAN continue to serve as the region’s twin “anchors of stability,” according to the Asian Economic Outlook and Integration Progress Annual Report 2026 released on Tuesday, the opening day of the forum. Early data for the first two months of 2026, the first year of the 15th Five-Year Plan period (2026-2030), already shows meaningful momentum: China’s value-added industrial output rose 6.3 percent year on year in the first two months of 2026, while the service sector expanded fast with the service production index growing 5.2 percent year on year, according to data released by the National Bureau of Statistics (NBS) of China. China’s contribution to global growth has remained at a consistent level, no matter how the global landscape evolves, making it the biggest certainty amid the widespread uncertainty in the world, said Lin Yifu, former chief economist of the World Bank. This was echoed by Denis Depoux, global managing director at Munich-based consultancy Roland Berger, who said that the resilience of China’s economy has underpinned its steady growth, injecting valuable strategic stability and predictability into an international system plagued by market volatility and rising protectionism. The sustained growth and stability have made China a favored destination for long-term global investors seeking sustainable returns, said Jack Perry, chairman of The 48 Group. “For those seeking wealth creation over generations, the Chinese mainland remains a key destination for long-term investment.” This stability carries profound weight for Asia and the wider world. In 2024, China was the largest trading partner for 23 Asian economies, while ASEAN and China remained each other’s top trading partner for the fifth consecutive year, said the Asian Economic Outlook and Integration Progress Annual Report 2026. China’s vast market will remain a critical engine for regional growth, with its 15th Five-Year Plan set to unlock more development opportunities across Asia and bo