China welcomes Singapore state investor Temasek Holdings and investors from other countries to “share the opportunities” that China’s economic development presents, said Vice Premier He Lifeng, according to a report in state media Xinhua on Monday (March 23).
In a meeting in Beijing with Temasek’s chairperson Teo Chee Hean on Sunday, He Lifeng said China will “unswervingly” further its opening-up to the world, embracing foreign investors like Temasek to invest in and set up businesses in the country.
China will continue to expand and upgrade its domestic market on the back of a strong start into 2026, with the economy recording “better-than-expected performance,” said He.
In response, Teo said that Temasek is confident in the prospects of China’s economic development and that the Singaporean company is willing to continue to expand its investment and cooperation in the country.
2026 marks the start of China’s 15th Five-Year Plan, said He. The 15th Five-Year Plan is a set of goals set by the Chinese government for national economic development covering the years from 2026 to 2030.
Unveiled earlier in March, the latest Five-Year Plan stressed the need to expand domestic demand to boost economic growth, accelerate high-level self-reliance in science and technology, and steadily expand opening-up and pursuit of Belt and Road cooperation.
It also set an annual GDP growth target of 4.5-5% for 2026, after the Chinese economy expanded 5% year-on-year in 2025, crossing the 140-trillion-yuan ($20.3 trillion) threshold for the first time.
