Delegates walk out of the Great Hall of the People after the 14th National People's Congress on March 13, 2023. (PHOTO:VCG)

By Ershad Shikdar

The Communist Party of China (CPC) has already built China into a moderately prosperous country. It is now all set to continue its journey to a great modern socialist country with Chinese characteristics, combining the human spirit and material aspects.

Against this backdrop, China opened its annual sessions of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC) in early March, which are known as the Two Sessions. This year's Two Sessions hold special importance to the world as they are held for the first time since China's decisive victory over Covid-19.

As a committed and responsible global partner, China has also responded to global expectations and reiterated its pledge to work for world development and peace. In the government work report presented to the NPC, China announced its readiness to work with the international community, to put into action the Global Development Initiative and the Global Security Initiative and promote the shared values of humanity.

"We will stay committed to an independent foreign policy of peace and peaceful development and pursue friendship and cooperation with other countries, based on the Five Principles of Peaceful Coexistence," said the government work report.

More importantly, the report mentioned that China will remain firm in pursuing a strategy of opening up for mutual benefits, offering the world hope for a better future.

As China will continue deepening its opening up and reforms, the country will increase and intensify its foreign trade and investments, and further open its domestic market to the world. As a result, I believe, many countries will have easier access to the Chinese market.

China will also continue to serve as a major growth engine for the world economy, as it has reiterated its pledge to provide strategic guidance and policy support for Chinese multinational corporations to grow their footprints outside China.

In line with its commitments to facilitating global development reaffirmed in the Two Sessions, China will bolster the building of its Belt and Road Initiative (BRI). As a result, many more developing countries can benefit from more Chinese investments and reap other economic dividends under the BRI framework and win-win cooperation.

China has set its growth target at five percent for 2023. The country will also focus on environmental issues, quality innovation, and technologies. It will, I think, deepen win-win cooperation with developing nations in the respective fields, creating mutual benefits for all.

Economists are of the view that the BRI partners can also study the feasibility of a Free Trade Agreement with China, which can be an effective tool for boosting their trade. They also think that the BRI has given a strong and effective platform to its participants, to negotiate with China over exporting more items to its huge market.

Under the BRI framework, many nations have the prospects to explore and forge ahead with all-out cooperation with China on all fronts. The Two Sessions has re-offered the prospects for win-win cooperation, whereby the world can grow and prosper together.

Finally, as China's growth has long been assisting to fuel the prosperity of many countries, the world sees opportunities through this year's Two Sessions. The decisions and policies made in these important political meetings for China, are similarly significant for the world.

Ershad Shikdar is a Bangladeshi journalist working in China.