[By: O’Neill A R. Philips]
Monrovia — China Ambassador accredited near Monrovia, Yin Chengwu has said China is willing to work with Liberia to strengthen the synergy between China’s 15th Five-Year Plan and Liberia’s ARREST Agenda for Inclusive Development.
Amb. Chengwu said China will ensure the delivery of the outcomes of the Forum on China-Africa Cooperation Summit, and will continuously advance China-Liberia strategic partnership.
He made the statement on Wednesday, November 26,2025 at China Embassy in commemoration of China’s 20th CPC Central Committee’s Fourth Plenary Session and China’s 15th Five – Year Plan
Amb. Chengwu said for Liberia, China’s policy of providing Least Developed Countries with zero-tariff treatment for 100 percent tariff lines has officially come into effect.
He noted that Liberia’s rubber exports to China have expanded substantially and China and Liberia have signed agreement on Economic and Technical Cooperation to support mutually agreed projects between the two governments.
His Excellency Chengwu further said that China has extended invitations to Liberian businesses and enterprises to actively participate in major exhibitions such as the China-Africa Economic and Trade Expo in Changsha, and the Canton Fair.
“These platforms aim to enhance the recognition and influence of Liberian brands and broaden sales channels while looking ahead, China will continue to advance shared openness through its own opening up, ensuring that high-standard opening up remains an enduring cause that benefits China, Africa, and the entire world,” Amb. Chengwu stated.
The Chinese Ambassador also said that Chinese modernization advanced by the 15th Five-Year Plan will offer a shared opportunity for the development of Global South countries, and noted that the recommendations pointed out that China will deepen solidarity and cooperation with other developing countries, support the Global South in building strength through unity, step up aid to other countries, and provide the world with more public goods.
He indicated that China and Liberia are both developing countries and members of the Global South, and that China has also been continuously expanding its assistance and cooperation outcomes with Liberia.
The Chinese Ambassador said the certainty of China’s development embodied in the 15th Five-Year Plan will bring the world a long-term opportunity for shared development.
He stressed that scientific formulation and consistent implementation of five-year plans have been an important experience of the CPC in governing the country and a key political strength of socialism with Chinese characteristics.
Amb. Chengwu noted that qqq
since the implementation of its first Five-Year Plan in the 1950s, and with the current 14th Five-Year Plan soon to be concluded, China has transformed from an impoverished agrarian society into the world’s largest manufacturing powerhouse and second-largest economy.
“The consecutive implementation of these Five-Year Plans has continuously advanced the cause of Chinese modernization,” Amb. Chengwu stated. “The 15th Five-Year Plan, which outlines the top-level design and strategic blueprint for the next five years, represents another comprehensive mobilization and deployment to advance Chinese modernization,” he added.
His Excellency Chengwu noted that It also sends a clear message to the world that China remains unwavering in its commitment to managing its own affairs well, expanding high-level opening up, and sharing its development experience and opportunities with the world.
” We are confident that just as China can succeed, Liberia and other developing countries can succeed as well,” Amb.Chengwu stated.
He said the unique strengths of China’s economy during the 15th Five-Year Plan period will be translated into a growth opportunity for the global economy adding, during the 14th Five-Year Plan period, China’s economic aggregate continuously reached new milestones and is projected to reach approximately 140 trillion yuan by the end of this year.
The Chinese Ambassador said with an average annual contribution of around 30 percent to global economic growth, China has remained the most stable and reliable anchor for world economic development.
He emphasized that China possesses the institutional advantages of a socialist market economy, the demand advantages of a mega market, the supply advantages of a comprehensive industrial system, and the talent advantages of a large pool of highly skilled workers and entrepreneurs.
Amb. Chengwu noted that the plan endows China’s economic development with strong internal momentum, resilience, and potentia and added that during the 15th Five-Year Plan period, China will build a modernized industrial system, build a robust domestic market and promote coordinated regional development.
“These efforts will enable China’s vast market to become a great opportunity for the world and facilitate the participation of all countries, including Liberia, in the process of Chinese modernization,” he stated.
He further said China’s high-level opening up during the 15th Five-Year Plan period will create a new opportunity for deepened global cooperation, and China will continue to practice true multilateralism and firmly advance high-standard opening up.
Amb. Chengwu noted that China’s goods trade has ranked first in the world for eight consecutive years, while its services trade has exceeded $1 trillion USD.
” Foreign capital utilization achieved the 14th Five-Year Plan target ahead of schedule, and outward investment has consistently remained among the top three globally,”Amb. Chengwu stated.
He told reporters that in 2024, China serves as the main trading partner for over 150 countries and regions, and during the 14th Five-Year Plan period, China’s total imports of goods and services are expected to surpass $15 trillion USD with outward investment contributing over $300 billion USD in tax revenue to host countries and generating substantial employment, thereby fostering local industrialization and modernization.
Amb. Chengwu said in the 15th Five-Year Plan period, China will open China wider to the outside world, promoting the innovative development of trade, expanding two-way investment cooperation and pursuing high-quality Belt and Road cooperation.
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