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China injects stability into turbulent world, experts say

By Yang Ran | chinadaily.com.cn | Updated: 2026-03-18 17:06
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Amid escalating geopolitical conflicts and accelerating economic fragmentation, China is injecting stability into a turbulent world through systematic efforts, experts said.

They made the remarks on March 17 at the Beijing launch of two yellow books: the Annual Report on International Politics and Security (2026) and the World Economy Analysis and Forecast (2026), compiled by the Institute of World Economics and Politics at the Chinese Academy of Social Sciences.

The Annual Report on International Politics and Security notes that the global shift toward multipolarity is no longer just an inevitable trend — it is now an undeniable reality, adding that the current US administration's radical overhaul of the nation's foreign policy has, in effect, accelerated this historic transformation.

However, the report cautions that the arrival of a multipolar era does not automatically guarantee an equal and orderly multipolar world, highlighting the US return to "blatant unilateralism and power politics" and its attempt to shape the Western Hemisphere into its own sphere of influence.

With a complex and volatile global landscape, periodic political and security disruptions of varying degrees can be observed in different regions of the world, the report said.

Xiao He, a research fellow at the Chinese Academy of Social Sciences' Institute of World Economics and Politics, emphasized that as unilateralism exacerbates global governance challenges and the UN-centered international system faces severe pressures and calls for reform, China is demonstrating its responsibility as a major power.

China proposed the Global Governance Initiative, providing key solutions and impetus to address global governance dilemmas and improve governance mechanisms, he said.

The World Economy Analysis and Forecast (2026) highlights the serious challenges and uncertainties brought about by ongoing geopolitical conflicts and the accelerated restructuring of global industrial and supply chains. It also notes that profound structural forces are reshaping the global economic landscape, including revolutionary technologies like artificial intelligence.

While fostering new industries and drivers of growth, these technologies will also have far-reaching implications for the global division of labor, employment structures, and international rules, the report said.

Gao Lingyun, a research fellow at the Chinese Academy of Social Sciences' Institute of World Economics and Politics, said that under the combined influence of short-term challenges and long-term structural issues, global economic growth is expected to slow to 3 percent in 2026.

Against this backdrop, China's economy is expected to maintain stable growth, injecting stability into the global economic recovery, Gao added.

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