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BEIJING - The annual two sessions of China's top legislative body and top national advisory body are slated for this month.

The sessions will hear reports on the overall condition of the nation, chart its agenda for 2015 and outline foreign policies. It is also an opportunity for the world to watch the oriental country.

Since their birth, the two sessions have often had global relevance.

The first Constitution of the People's Republic of China was approved at the first National People's Congress in 1954, establishing the fundamental socialist system, a significant move in the Cold War era.

During the Cultural Revolution, which started in the 1960s, lawless chaos engulfed the nation and the two sessions lay dormant, and this instability sent shockwaves across the globe.

Since the two sessions endorsed the reform and opening-up measures initiated by the Communist Party of China Central Committee in the late 1970s, the world has watched China ushering in an era of rapid economic expansion.

The world's second largest economy, China has established itself as a dominant trading partner of over 100 countries, and has become a net capital exporter.

China is expected to hold up global growth while the United States and Europe are still in tepid recovery.

Some use the term "pivoting everywhere" to describe China's growing political clout, as it has actively sought ties with countries across the globe.