The World's Eyes of the Two Sessions | The Long Term Prosperity of the Chinese Economy Will Not Change - International Perspectives on the High Quality Development of the Chinese Economy
2024-03-06
The Second Session of the 14th National People's Congress opened in Beijing on the 5th, attracting global attention. The government work report points out that in the past year, the overall recovery of the Chinese economy has been positive. The gross domestic product (GDP) exceeded 126 trillion yuan, a growth rate of 5.2%, ranking among the top in the world's major economies. International experts generally believe that in the face of multiple difficulties and challenges intertwined, China's economic achievements are hard won and commendable. The basic trend of China's economic recovery and long-term improvement has not changed or will not change. China will fully implement the new development concept, accelerate the construction of a new development pattern, and comprehensively promote Chinese path to modernization with high-quality development, which will continue to contribute to its own development, regional prosperity, and global economic recovery. This is a drone photo taken on February 2, 2024, showing the scenery of Xi'an Datang Night City. "The world is full of expectations for China's development in 2024," said Fernando Lugris, Uruguayan Ambassador to China, in an interview with the media. He said that China is an important engine of world economic growth and has maintained Uruguay's position as the largest trading partner for more than 10 consecutive years. People have many expectations for the speed and quality of China's economic development. In 2023, the export of electric vehicles, lithium batteries, and photovoltaic products exceeded one trillion yuan, highlighting the optimization, transformation, and upgrading of China's economic structure. Hariri Turck, an economics professor at the Illinois Institute of Technology in the United States, stated that China is shifting from pursuing speed and scale growth to high-quality development, and green transformation has become a new driving force for economic development. In the past year, the global economic growth momentum has been insufficient, regional hot issues have occurred frequently, and the complexity, severity, and uncertainty of the external environment have increased. The continuous recovery and improvement of the Chinese economy also face multiple challenges. Faced with a severe and complex situation, the Chinese economy has withstood pressure, increased macroeconomic regulation efforts, and continued to improve its economic performance. Through comprehensive analysis and judgment, China's development still faces a combination of strategic opportunities and risks, with favorable conditions stronger than unfavorable factors. As a result, many multinational corporations are using their feet to vote and choose to increase capital and expand production in China, sharing the dividends of China's high-quality development. Lisa Batelson, Executive Director of the China UK Trade Association, stated that China is the world's second-largest economy and the middle-income group is constantly growing. "Many British companies see the enormous value of the Chinese market and are doubling their efforts to develop their business in China.". The "China Business Environment Survey Report" released by the American Chamber of Commerce in China in February this year showed that in 2023, American companies in China have further increased their expectations for China's development prospects, with 50% of the surveyed companies ranking China as the world's preferred or top three investment destination. He Maike, President of the American Chamber of Commerce in China, told reporters that China has a strong manufacturing and supply chain, as well as a huge consumer market, which has a sustained appeal to American companies. "To maintain global competitiveness, we must sharpen ourselves in the Chinese market.". On January 10th, in the workshop of Ideal Automobile's Changzhou base in Jiangsu, a robotic arm was used for welding operations. According to a recent report by the German Institute of Economics, Germany's total direct investment in China reached a record high of 11.9 billion yuan in 2023, according to Xinhua News Agency reporter Ji Chunpeng
Edit：Yi Jing Responsible editor：Li Nian
Source：XinhuaNet
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