Peruvian envoy highlights China's economic stability

China remains a key driver of global economic growth despite rising protectionism, with its economic resilience, trade expansion and technological leadership making it an indispensable force in the global economy, Peru's top envoy to China said.

Speaking ahead of the annual session of the National People's Congress, which begins on Wednesday, Marco V. Balarezo, Ambassador of Peru to China, said he is closely watching China's economic growth targets and its focus on high-quality development.

"In recent years, China has maintained a stable growth trajectory, and the GDP target for 2025 will be critical in assessing its ability to sustain economic momentum amid global uncertainties," Balarezo said in a written interview with China Daily.

Last year, China's economy successfully met its growth target with a 5 percent year-on-year increase, despite a challenging domestic and global environment.

Starting on Wednesday, national lawmakers will deliberate the Government Work Report, which will outline key targets for the nation's socioeconomic development this year and unveil measures to bolster the recovery of the world's second-largest economy.

Balarezo said the legislative session and the concurrent session of the National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body, provide a crucial opportunity for people to learn about China's economic policies, governance reforms and global engagement priorities.

He expects the Government Work Report to detail measures aimed at stimulating domestic demand, supporting private enterprises and enhancing industrial innovation.

The envoy said he is also monitoring China's focus on developing new quality productive forces and industrial upgrading. The two sessions, he said, provide insights into how China intends to further develop digital infrastructure, expand renewable energy investments and enhance high-tech manufacturing capabilities.

"As global trade faces increasing protectionist measures, China's continued commitment to expanding trade partnerships and attracting foreign direct investment will be key for the international business community," Balarezo said.

The ambassador said the Belt and Road Initiative and global economic cooperation will also be closely watched during the gathering of national lawmakers and political advisers.

"The two sessions will clarify China's approach to strengthening international infrastructure investments, improving supply chain resilience and enhancing digital connectivity," he said.

Citing the Chancay Port in Peru, a flagship China-Latin America BRI project, Balarezo said the port stands to benefit from China's sustained commitment to global infrastructure development.

The two sessions are not only an economic and legislative gathering, but also a demonstration of China's whole-process people's democracy, he added.

"This governance model integrates broad-based consultations, public participation and structured policy-making, ensuring that major national decisions reflect societal needs and aspirations," he said.

Balarezo noted that the two sessions also serve as a global platform where China outlines its diplomatic stance and economic strategy in multilateral frameworks. "China's commitment to trade cooperation, global infrastructure development and international governance participation is frequently reaffirmed during these discussions," he said.