Guangming Forum: China will continue to be an important engine of global economic growth
2024-01-25
Author: Ren Lin (Research Fellow at Xi Jinping's Center for Socialism with Chinese Characteristics in the New Era and National Global Strategy Think Tank, Chinese Academy of Social Sciences) According to data recently released by the National Bureau of Statistics, China's total import and export of goods in 2023 was 41756.8 billion yuan, an increase of 0.2% compared to the previous year. Among them, exports amounted to 23772.6 billion yuan, an increase of 0.6%; Imports amounted to 17984.2 billion yuan, a decrease of 0.3%. The import and export balance resulted in a trade surplus of 5788.4 billion yuan. Overall, the import and export of goods remain stable, and the trade structure continues to optimize. In the past year, the Chinese economy has withstood external pressures and maintained a positive and positive overall recovery trend. Under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, the entire Party and people of all ethnic groups in the country have overcome internal difficulties, adhered to the general tone of seeking progress while maintaining stability, comprehensively deepened reform and opening up, increased macroeconomic regulation, focused on expanding domestic demand, optimizing structure, boosting confidence, and preventing and resolving risks. As a result, China's economy has rebounded and improved, and high-quality development has been solidly promoted. The Chinese economy continues to break through waves, becoming an important driving force for global economic growth. As Borg Brend, President of the World Economic Forum, stated, "Despite the severe challenges facing the world economy at present, China will still be an important engine of global economic growth. China has sufficient policy tools to boost the economy." As the dividends of Chinese style modernization gradually emerge, especially under the traction of new policies such as new urbanization, green transformation, and innovation driven, China will further leverage its advantages of a super large market and strong production capacity to explore broader space for world trade and investment. Looking ahead to the new year, China's economy is poised for growth and bright prospects are within reach. According to data from the Ministry of Commerce, from January to November 2023, China's total import and export volume of service trade reached 5890.2 billion yuan, a year-on-year increase of 9%; Among them, the import and export of knowledge intensive services reached 2435.15 billion yuan, a year-on-year increase of 8.3%. It can be seen that with the increasing proportion of knowledge intensive service industries with high knowledge content, high technological content, high innovation content, high human capital investment, and high added value, China's economic structure has entered a new stage of optimization, upgrading, and high-quality development. On the path of progress, it is necessary to fully, accurately, and comprehensively implement the new development concept, promote the effective improvement of quality and reasonable growth of quantity in the economy, focus on the central work of economic construction and the primary task of high-quality development, in order to consolidate and enhance the positive trend of economic recovery and provide strong and sustainable impetus for the world economy. Currently, the world is facing problems and challenges such as slow economic growth, small and increasingly fragmented trade growth, and increasing uncertainty and instability risks. Various forms of protectionism are clearly on the rise, and phenomena such as internal and external treatment, and shifting conflicts are also worrying. In January 2024, the World Bank released the latest Global Economic Outlook report, which showed that the period from 2020 to 2024 may be the slowest in the world's gross domestic product (GDP) growth rate in the past 30 years; This year's global economic growth may decrease from 2.6% in 2023 to 2.4% (3.0% in 2022, 6.2% in 2021). How to turn the tide
Edit：Luo yu Responsible editor：Jia jia
Source：GMW.cn
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