Talking about New Economic Opportunities in China ｜ Injecting valuable increment and innovation vitality into the world economy.
Xinhua News Agency, Beijing, March 30thTitle: Inject valuable increment and innovation vitality into the world economy continuously.
Xinhua news agency reporter
Editor’s Note: Under the background of weak world economic recovery, China’s economy has attracted worldwide attention for its remarkable development resilience and certainty. Xinhua News Agency will open a column entitled "Talking about New Economic Opportunities in China" from now on, inviting people from political circles, business circles and academic circles from all over the world to talk about new economic opportunities in China, discuss new economic vitality in China, and tell a new win-win story between China and foreign countries, so as to present the vigorous vitality and bright prospects of China’s economy from a global perspective and multiple perspectives.
Recently, the 2023 Annual Meeting of China Development Forum and the 2023 Annual Meeting of Boao Forum for Asia were held in Beijing and Hainan. At a time when the world economy is struggling to recover, the bright future of China’s economy has attracted much attention and expectation from all walks of life.
Many overseas guests and executives of multinational companies in China said that from a global perspective, China’s economic development this year has shown remarkable resilience and certainty, which has continuously injected valuable incremental and innovative vitality into the world economy and constantly created new opportunities for win-win cooperation between China and foreign countries.
Development prospect: effectively hedging global instability
Since the beginning of this year, international organizations have intensively raised China’s economic growth expectations, among which the International Monetary Fund (IMF) predicts that China’s economy will grow by 5.2% this year.
IMF Managing Director Georgieva, who attended the 2023 annual meeting of Boao Forum for Asia, said on the 29th that China’s economic development momentum is good, and its contribution rate to world economic growth is expected to exceed one third this year, which will provide important opportunities for other countries.
According to the latest research report of Citigroup, under the recent banking crisis in Europe and America, China will be more distinctive due to the accelerated economic growth, which may become a "major hedging factor" conducive to global economic growth and highlight its role as a "safe haven".
"Anchor of stability!" Kang Yong, chief economist of KPMG China, an internationally renowned accounting firm, described the role of China’s economy in global challenges. He told reporters that during the COVID-19 epidemic raging around the world, China withstood the pressure and effectively guaranteed the stability of the global industrial chain supply chain. This year, China’s strong economic growth will be very commendable and contribute greatly to the stable recovery of the world economy.
Gu Yushao, global senior vice president of Medtronic, a fortune 500 company headquartered in the United States, said that China has continuously improved its business environment in recent years, and enterprises are full of confidence in China’s economic development prospects. In the new year, the international community expects China to continue to play an important role in the global industrial chain supply chain and inject more vitality into economic globalization.
Market vitality: sharing new development opportunities with the world
In recent years, China has made great efforts to promote high-quality development, expand high-level opening to the outside world, and constantly release innovation vitality and opening dividends, which has been praised by overseas people, especially investors from all over the world.
"I am willing to continue to develop in China and make progress with China." Kang Linsong, Chairman of the Board of Directors of German Mercedes-Benz Group Co., Ltd., said in an exclusive interview with Xinhua News Agency that China has the largest automobile market in the world, and the pace of innovation is very fast. Consumers have shown high acceptance of technological innovation, which is one of the markets that truly test the frontier advantages of the automobile industry.
At present, Mercedes-Benz has set up R&D centers in Beijing and Shanghai, and has the most comprehensive R&D network in the innovation field outside the German headquarters in China. Kang Linsong believes that China’s opening-up strategy has released market vitality and helped market participants to flourish in China. R&D and innovation in China are very important for multinational enterprises.
According to Fabry, President of L ‘Oré al North Asia and CEO of China, China is not only an important engine for business growth, but also a driving force for open innovation.
Today, China has become one of L ‘Oré al’s most important markets in the world. Last year, the global cosmetics giant also announced the establishment of its first investment company in China, aiming to explore potential innovative enterprises with more China partners, foster forward-looking innovations and promote their commercialization.
Carl Fei, a strategy professor at BI Norwegian Business School, told reporters at the annual meeting of Boao Forum for Asia that China has a huge market and is open to new things, and the application of new technologies in China is very fast.
He believes that the achievements made by China in the field of science and technology in the past decade are amazing, showing the great potential of China. In recent years, China has continuously promoted the construction of a green "Belt and Road" and helped many developing countries in the fields of light rail transportation and green energy.
Win-win vision: a new chapter of multi-field collaborative development spectrum
This year marks the tenth anniversary of the "One Belt, One Road" initiative. In the past ten years, the international influence and coverage of China’s programs represented by the "Belt and Road Initiative" have been expanding, which has made the concept of coordinated development and win-win cooperation more deeply rooted in the hearts of the people.
Bei Zhemin, managing partner of Oliver Wyman Consulting, is the author of The New Silk Road: How the Arab World Rediscovers China. He told reporters at the 2023 annual meeting of Boao Forum for Asia on the 29th that many countries in the Middle East are willing to cooperate with China in the fields of digital economy and clean energy.
Bei Zhemin said that the joint construction of the "Belt and Road" has effectively promoted multilateral cooperation and promoted the coordinated development of Asia and regions along the route. Especially in Southeast Asia, the joint construction of the "Belt and Road" has brought a large number of industrial parks, ports and other facilities, which has strongly supported the development of global manufacturing.
Hu Yishan, chief consultant of Malaysian Pacific Studies Center who has participated in Boao Forum for Asia for many years, said that China attaches importance to multilateralism and fair economic cooperation, especially through the Belt and Road Initiative, which has established a solid foundation for cooperation and effectively promoted regional development. At the same time, the practice and experience of high-quality economic development in China are also worth learning from many countries.
Rehnert Bekotur Wolfe, President of Astana International Financial Center, said that China has made great achievements in economic development in the past few decades, showing the world a successful development story. Nowadays, under the guidance of high-quality "One Belt, One Road", new projects and new investments have landed in Kazakhstan and other countries, which continue to help improve local economic development and people’s living standards. (Participating reporters: Fu Yunwei, Xu Chao, Su Liang, Shan Yiyi, Wang Pingping, He Lili, Wang Xiangjiang, Liu Yanan, Mao Pengfei, Wang Yi, Liu Fang, Chen Yushan)