Currently, the world economy is experiencing sluggish growth and a growing trend towards conservatism, with openness and opportunities becoming scarce resources. The stability, growth potential, and driving force of the Chinese economy on the world economy have attracted much attention. With the sustained effectiveness of the recent package of incremental policies, the Chinese economy has further demonstrated resilience and potential. Social expectations and market confidence have steadily rebounded, and development vitality and momentum have been further released, increasing the international community's optimistic expectations for the Chinese economy. Recently, Bloomberg, based on the latest forecast from the International Monetary Fund (IMF), concluded that China will continue to be the largest contributor to global growth in the next five years. Since the end of last month, multiple departments in China have implemented a series of measures to stabilize expectations and confidence, and the international community is generally optimistic about the growth effects brought about by this round of policy strengthening. China not only focuses on driving current investment growth and promoting industrial transformation, but also lays a more solid foundation for long-term high-quality development. The implementation of major national strategies and the construction of security capabilities in key areas have a wide coverage and strong comprehensiveness, which benefits both the present and the long term; Large scale equipment updates and trade in of old consumer goods benefit enterprises and the people, driving sales growth of key consumer goods and promoting the transformation and upgrading of related industries towards high-end, intelligent, and green products. IMF Chief Economist Pierre Olivier Gulancha believes that 'the direction of these measures is correct'. UBS, Goldman Sachs, Nomura, Dutch International Group and other institutions have also raised their expectations for China's economic growth this year. The international community expects to gain win-win opportunities from the new consumption highlights created by China's incremental policies. In the past decade, the driving force of consumption on the Chinese economy has steadily increased, and the contribution rate of final consumption expenditure to China's economic growth has increased from 55.4% in 2012 to 82.5% in 2023. In September of this year, the total retail sales of consumer goods in China significantly rebounded year-on-year, and since October, a series of data related to consumption have continued to improve. In the first three quarters of this year, the production and sales of new energy vehicles in China increased by 31.7% and 32.5% year-on-year, respectively. From new energy vehicles, autonomous driving technology, intelligent wearable devices, to integrated circuits, low altitude economy, virtual reality industry... Driven by technological innovation and led by green and low-carbon, emerging industries continue to grow rapidly, new business models continue to emerge, and the trend of consumer transformation and upgrading remains unchanged. With the younger generation becoming the main consumer, when high-quality development is closely combined with high-quality life, the consumption space of more than 1.4 billion Chinese people will continue to expand in the future. Nathan Hitz, Chief Economist of Citigroup, stated that the recent measures announced by China will significantly boost demand, and consumption will become an important driving force for China's medium - to long-term economic growth. In November, Shanghai, Beijing and other places will jointly hold the China International Consumer Center City Boutique Consumption Month, and another CIIE will also come as scheduled. The open Chinese market will continue to be a great opportunity for global enterprises. The world expects to capture more investment opportunities from the vitality of enterprises stimulated by China's incremental policies. According to an article in the South China Morning Post, after China implemented a series of economic measures, foreign investors in China saw opportunities for a rebound in consumer spending, easier access to capital, and deeper reforms. Harry Sayadin, President of the American Chamber of Commerce in South China, said, "One of the most significant changes our member companies have begun to observe is an increase in consumer confidence and spending." Recently, the China Council for the Promotion of International Trade conducted a survey of more than 400 key foreign-funded enterprises, and over 60% of the surveyed companies believe that the foreign investment related policies introduced by the central and local governments have had a good supportive effect, and generally feel the Chinese government's determination to expand high-level opening up to the outside world. Recently, Apple CEO Tim Cook visited China for the second time this year and expressed that Apple is willing to actively seize the opportunities of China's opening up to the outside world, continue to increase investment in China, and help promote the high-quality development of the industrial and supply chains. The world looks forward to seizing cooperation opportunities from the flourishing development of emerging industries brought about by China's incremental policies. Not long ago, eight well-known foreign pharmaceutical companies including Eli Lilly, Pfizer, Bayer, AstraZeneca, and Medtronic announced that they will establish new research and innovation institutions in Beijing. Stefan Hartmann, Chairman of the Board of Directors of Bosch Group in Germany, who has a deep understanding of the Chinese market, said that Bosch is delighted to witness China's gradual transformation into a knowledge-based innovation market. Bosch has achieved important breakthroughs in multiple emerging fields by relying on local talents and innovation capabilities in China. Famous German management scholar Hermann Simon recently said in an interview that China has become the most important market for Germany's "hidden champion" enterprises, and he is full of confidence in the future of the Chinese economy. The world economy is struggling to recover, and how to increase growth has become a core issue. China has taken the initiative to coordinate the deployment of "policy strengthening" and "reform strengthening", which not only enhances domestic consumption and investment confidence, but also opens up broad prospects for international cooperation and injects beneficial increment into the world. (New Society)