The world pays attention to the Two Sessions and feels the pre action power of China's economy
2025-03-06
The season of Awakening Insects has arrived, and all things are showing signs of vitality. The National People's Congress and Chinese People's Political Consultative Conference have attracted global attention. During the "Two Sessions", the world can hear the voice of China's economic growth more clearly, feel the driving force of China's economy breaking through waves, and enhance confidence in cooperation and win-win outcomes. On the eve of the opening of the Two Sessions, the National Bureau of Statistics released the 2024 Statistical Communique on National Economic and Social Development, stating that China's Gross Domestic Product (GDP) increased by 5.0% compared to the previous year, and the country's total economic output exceeded 130 trillion yuan for the first time. Against the backdrop of the turbulent world situation, the confidence and determination of China's economy to move forward steadily without fear of wind and rain are fully demonstrated. This achievement is hard won. In recent years, the global economy has faced numerous challenges, and the Chinese economy is facing a complex and severe situation of increasing external pressure and internal difficulties. However, it has maintained steady growth and promoted the sustained progress of the world economy. In 2024, the main goals and tasks of economic and social development for the whole year were successfully completed, and the economic growth rate ranked among the top in the world's major economies, with a contribution rate of around 30% to global economic growth. Looking at the world, few countries have shown such positive performance in economic growth as China Mamon Mrida, Secretary General of the Bangladesh China Chamber of Commerce and Industry, said that China has made important contributions to global economic development by addressing challenges through reform and innovation. Observers believe that China's steady economic growth stems from the "governance of China", which involves facing difficulties, making accurate judgments, responding calmly, and implementing comprehensive policies. Especially since September 2024, with the gradual release of the combined effects of stock policies and incremental policies, the overall operation of the national economy has been stable and steady, with more positive changes. The Central Economic Work Conference held in December last year proposed the "fundamental guarantee" and "five must be coordinated", deepening the understanding of the regularity of economic work and further guiding the direction of China's economic governance and practice with precision. Kenyan economist James Hickswati said that the Chinese government attaches great importance to macroeconomic regulation and fully leverages the role of the market, committed to improving the adaptability and balance between supply and demand. China not only focuses on the development of emerging industries, but also strives to transform and upgrade traditional manufacturing industries. Guinea's development expert Siba Kolin Koiwoji stated that China's sustained and stable economic growth is due to rigorous planning and effective implementation. In this process, the government's emphasis on talent cultivation, research, and innovation is undoubtedly a key factor in promoting technological progress. China's breakthroughs in green energy, artificial intelligence, and high-tech manufacturing not only rely on capital investment, but also benefit from high-quality talents. In 2024, domestic demand will contribute 69.7% to China's economic growth and continue to be the driving force of economic growth. Alexis Bihe, an expert on development issues in Cote d'Ivoire, stated that China is deepening its supply side structural reform by improving the quality of supply to meet the diversified demands of the market. On the demand side, expanding domestic demand is a long-term strategy to smooth the economic cycle. China's economic governance demonstrates strategic and flexible approaches, which not only contribute to its own stable economic growth, but also provide important support for global economic growth. Innovation surges lead the future direction of industries. "Only innovators advance, only innovators are strong, and only innovators win." Artificial intelligence (AI) models have disrupted industry thinking, and humanoid robots have quickly become a hot topic in the industry... At the beginning of 2025, China has demonstrated innovative vitality in multiple emerging fields, becoming the latest footnote to the vigorous development of the Chinese economy, reflecting the new driving force and advantages of China's economy to ride the waves and achieve high-quality development. Currently, the world's century long changes are accelerating, and global technological innovation is surging. A new round of technological revolution and industrial transformation is restructuring the global innovation landscape and reshaping the global economic structure. Innovation is the primary driving force behind development. Striving for innovation means pursuing development, and seeking innovation means seeking the future. In China, this has become a social consensus. Being in China makes one truly feel that China is embracing future technologies Mitchell Presnick, a visiting scholar at the Fairbank Center for China Studies at Harvard University, has been studying and starting a business in China for a long time. He said that making outstanding progress in important technologies and industries of the Fourth Industrial Revolution, such as robotics, automation, electric vehicles, and advanced materials, is an important highlight of the Chinese economy. I believe that China's high-quality development will bring more opportunities, and I look forward to more relevant benefits released during this year's Chinese People's Congress and Chinese People's Political Consultative Conference. The innovation power of the Chinese economy is also influencing the world. Kang Linsong, President of the European Automobile Manufacturers Association and Chairman of the Board of Mercedes Benz AG, said that the company regards China as a center for technological innovation and continues to expand its research and development scale. The group is jointly investing over 14 billion yuan with Chinese partners for the research and development and implementation of new technologies and products. China is not just a huge market, but also an engine of innovation Glenn Schmidt, Global Head of Government Affairs at BMW Group in Germany, said that BMW has established its largest research and development center outside of Germany in China, injecting tremendous momentum into the group's success in the global market through cooperation and innovation with Chinese partners. International investors are keenly seizing opportunities represented by innovation in China and constantly increasing their investment in the Chinese market. The MSCI China Index, an international rating agency, has been rising continuously since mid January this year, outperforming major global markets. The Financial Times published an article stating that foreign investors are re examining the enormous opportunities in China's technology innovation and other fields. 2025 is the year when China's 14th Five Year Plan comes to an end, and the Chinese People's Congress and Chinese People's Political Consultative Conference have attracted special attention from all walks of life. Luciana Bloom, Managing Director of Global External Affairs at Brazilian mining giant Vale, said that China's two sessions provide an important window for the world to observe China's development and understand its policy direction. Looking forward to learning more specific measures to promote high-quality development from the two sessions and exploring potential opportunities from them. Open cooperation strengthens global development confidence. Currently, the international situation is turbulent and intertwined, and economic globalization and open cooperation are facing a "counter current". China has always firmly believed in and promoted economic globalization, and the door to openness is opening wider and wider: the negative list for foreign investment access continues to be reduced, all restrictions on foreign investment access in the manufacturing sector have been lifted, all least developed countries that have established diplomatic relations have been granted zero tariff treatment for 100% of taxable products, and visa free entry and transit policies have been optimized... These practical measures have brought greater confidence to global cooperation and development. Herv é Azul é, a professor at the French Silk Road Business School and former executive of Schneider Group, believes that China's contribution to global economic growth not only reflects its economic scale, but also its important role in the global supply chain, investment, and consumption, which has a multiplier effect on the global economy. Bernard DeWitt, Chairman of the China Economic and Trade Commission, stated that at a time when global protectionism is on the rise, China's open attitude not only encourages trade and capital flows, but also enables developing countries to more effectively integrate into the global supply chain, promote sustainable growth, and contribute to the interconnectivity, mutual benefit, and long-term stability of the world economy. China is continuously expanding its opening-up to the outside world, committed to eliminating barriers to the flow of goods, and becoming an important advocate for the globalization agenda Lyudmila Popova, Associate Professor of World Economics at St. Petersburg State University in Russia, said. At the beginning of the Chinese New Year, the China Council for the Promotion of International Trade organized a delegation of Chinese entrepreneurs to conduct intensive economic and trade exchanges overseas, deepen practical cooperation in trade, investment and other fields, promote the deep integration of production and supply chains, and expand the cake of mutual benefit and win-win results. The first partner that comes to mind is China This is the trust and expectation of many economic partners towards China. China is firmly committed to expanding its opening-up to the outside world and has become a major trading partner for over 150 countries and regions worldwide. Bernd Einmeier, President of the German Chinese Economic, Educational, and Cultural Association, stated that China is a crucial link in the global supply chain. It not only provides high-quality products and advanced technology to the world, but also maintains market openness, actively promotes trade facilitation, and provides new opportunities for global economic growth and sustainable development. Mutassim Rashid, economic adviser of the Egyptian Federation of Investors' Associations, who has long been concerned about China's development, said that China's economic development not only meets the Chinese people's aspirations for a better life, but also provides public goods for countries around the world, especially developing countries, and enhances global development confidence. A good wind relies on leverage, setting sail at the right time. China will continue to uphold the new development concept, adhere to promoting cooperative and open development, and bring greater confidence and vitality to the world with steady and sustainable growth, by implementing more proactive macro policies, expanding domestic demand in all aspects, and leading the development of new quality productive forces through technological innovation. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:XinhuaNet
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email:lwxsd@liaowanghn.com