Editor's Note: As China launches its 15th Five-Year Plan (2026-30), policymakers are strengthening coordination between the "Export to China" and "Shopping in China" campaigns. The effort signals a clear commitment to expanding imports while promoting high-quality consumption. To explore what this means for global business, we invited executives from multinational corporations to share their perspectives on the opportunities in China's vast market, the role of their China operations in global strategy, and their outlook for the years ahead.

Q1 China's GDP grew 5 percent in 2025, reaching 140.19 trillion yuan ($20.31 trillion). For 2026, the government targets growth of between 4.5 percent and 5 percent, with a planned deficit ratio of around 4 percent. How do you assess the credibility and policies backing this target? Amid moderating global demand, what does China's relative growth certainty mean for your company's global capital allocation, earnings outlook and investor expectations? Does the combination of proactive fiscal policies and accommodative monetary measures reinforce your confidence in sustaining or expanding operations in China?

Dreyer: We are confident in the resilience and credibility of China's economic growth. The 2026 target sends a clear signal of macroeconomic stability. Amid moderating global demand and rising uncertainty, China remains a stabilizing force for the world economy.

We see China not only as a significant market for our products, but as a strategic base for innovation and partnership that benefits the entire region. Today, we are migrating from importing technology into China to a net exporter of technology from China to the broader region. This reflects our confidence in China's growth potential and is consistent with the journey China's major original equipment manufacturers are taking. China's growth certainty provides a predictable business environment that reinforces our confidence to sustain and expand our operations across the Asia-Pacific region.

Shih: China's GDP growth target of around 4.5-5 percent for 2026 reflects a prudent and pragmatic policy approach. Amid rising global economic uncertainties, such a target helps provide stable expectations for market participants. In recent years, China has continued to advance high-quality development, with new momentum emerging from expanding domestic demand, technological innovation and industrial upgrading. China's long-term economic resilience and vast market continue to offer significant opportunities for multinational companies. As policies continue to improve and new quality productive forces accelerate, we see growing opportunities in technological innovation, green transition and advanced manufacturing. Through localized innovation and partnerships, we will continue working with Chinese partners to advance smart manufacturing and industrial digitalization, contributing to the high-quality development of the real economy.

Tsao: China's annual growth target reflects a prudent and pragmatic approach amid a global slowdown in demand. Continued efforts to advance the digital economy, artificial intelligence and industrial upgrading also provide clearer expectations for business innovation and investment. For Red Hat, as Chinese enterprises accelerate their digital and AI transformation, demand continues to grow for open, reliable enterprise technology platforms. As a software company built on open source, we remain optimistic about the long-term potential of the China market. We will continue to deepen collaboration with local customers and partners, helping enterprises enhance innovation and business resilience through hybrid cloud and AI technologies.

King: These growth targets are pragmatic, stable and forward-looking, underscoring China's commitment to high-quality development amid global economic uncertainty, while providing a predictable and supportive environment for foreign enterprises. For Treasury Wine Estates, China's steady economic expansion and ongoing consumption upgrading continue to underpin our view of the market's long-term potential.