Ministry of Foreign Affairs: China will continue to provide strong impetus for global economic growth

2024-04-10

Spokesperson Mao Ning of the Ministry of Foreign Affairs stated on the 9th that China will continue to provide strong impetus for world economic growth and bring more opportunities to global development through its stable development. At the regular press conference that day, a reporter asked: Recently, Rodi, a senior researcher at the Peterson Institute for International Economics, published an article on the website of Foreign Affairs titled "China is still on the rise - don't underestimate the world's second largest economy". The article states that the recent "peak of the Chinese economy" theory in the American academic community underestimates the resilience of the Chinese economy. Although the current Chinese economy is facing several unfavorable factors, China overcame even greater challenges when it embarked on the path of economic reform in the late 1970s. In the coming years, China's economic growth rate may still be twice that of the United States. What is China's response to this? Mao Ning said that different people have different analytical perspectives on how China's economy is. It is widely agreed that China's economic growth rate ranks among the top among major economies in the world. As the world's second-largest economy, the Chinese economy has a solid foundation, strong resilience, and enormous development potential. Mao Ning said that China is the only country with all industrial categories listed in the United Nations Industrial Classification, and has formed over 200 mature industrial clusters. Its manufacturing industry has ranked first in the world for 14 consecutive years; The middle-income group in China has exceeded 400 million people and is expected to reach 800 million in the next decade. Nearly 300 million agricultural migrant workers are accelerating their urbanization process, which will bring huge consumer demand and strong consumption upgrading momentum in areas such as housing, education, healthcare, and elderly care; China's overall R&D investment and high-tech industry investment have maintained double-digit growth for many consecutive years, with the number of patent applications and technology clusters ranking first in the world; The Chinese government is accelerating the development of new quality productive forces, which has demonstrated strong driving and supporting forces for high-quality development; More and more multinational corporations are investing in the Chinese market, casting a vote of confidence in the prospects of the Chinese economy. In the first two months of this year, 7160 foreign-invested enterprises were newly established in China, a year-on-year increase of 34.9%, reaching the highest level in nearly five years. "Facts speak louder than words. No matter how some people criticize it, the basic trend of China's economy's long-term improvement will not change, the prominent advantages of a super large-scale market and a complete industrial system will not change, and the factors and conditions supporting high-quality development are constantly accumulating." Mao Ning said. (Lai Xin She)

Edit:Yi Jing    Responsible editor:Li Nian

Source:XinhuaNet

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