12
2020
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03
A new starting point for China's development and new opportunities for the world economy
The just-concluded Central Economic Work Conference called for the establishment of a new pattern of development. Next year, we should take a good first step and see a new atmosphere. As the world's second largest economy and the only major economy in the world that has achieved positive growth this year, China's establishment of a new development pattern and a higher starting point for reform and opening up will provide China with a broader market and more new opportunities. Development opportunities for countries all over the world.
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The just-concluded Central Economic Work Conference called for the establishment of a new pattern of development. Next year, we should take a good first step and see a new atmosphere. As the world's second largest economy and the only major economy in the world that has achieved positive growth this year, China's establishment of a new development pattern and a higher starting point for reform and opening up will provide China with a broader market and more new opportunities. Development opportunities for countries all over the world.
New opportunities come from the continuous release of consumption potential. China has a huge market of 1.4 billion people and is an important engine for global economic growth. As of November, Japan's exports to China have maintained positive growth for five consecutive months. Zeiss’s operating income in China in the most recent fiscal year reached 8 billion yuan, making China surpass the United States and Germany to become Zeiss’s largest market in the world. According to reports, China’s middle-income group will reach 800 million in the next 15 years, and consumption upgrades are strong. , The potential is huge.
The meeting put forward "insisting on the strategic basis for expanding domestic demand", emphasizing that "effective institutional arrangements must be made to rationally guide consumption, savings and investment", and supporting policy arrangements such as expanding consumption, promoting employment, and increasing investment have been made. Ding Ke, a researcher at the Institute of Asian Economics in Japan, believes that the meeting put forward that insisting on expanding domestic demand, focusing on demand-side management, optimizing the income distribution structure, and expanding middle-income groups are very important to China's economic development. China has formed a strong domestic market and achieved high-quality development.
New opportunities come from a firm pace of opening up. China adheres to a mutually beneficial and win-win opening strategy, continues to promote opening up, strives to improve the investment and business environment, and substantially reduces restrictions on foreign investment. It is one of the most popular foreign investment destinations in the world. Since the beginning of this year, global cross-border investment has suffered serious setbacks. However, China's actual utilization of foreign capital has shown a steady and positive trend, and it has become one of the few major economies in the world that attract foreign capital to maintain growth. According to The Paper, international investment giants are optimistic about the huge opportunities in China and have launched new strategies focusing on China. Morgan Stanley Asia Pacific executives said that Morgan Stanley is "a huge beneficiary of this openness."
The meeting emphasized the need to "advance reform and opening up in an all-round way", proposed "strengthening international macro-policy coordination", "creating a market-oriented, legalized, and internationalized business environment", and "actively considering joining the comprehensive and progressive Trans-Pacific Partnership Agreement" 》A series of clear and powerful policy signals show China’s determination to implement “larger scope, broader fields, and deeper opening to the outside world.” Yu Hong, a senior researcher at the East Asian Institute of the National University of Singapore, said that China comprehensively promotes reform and opening up, and improves The business environment attracts more foreign investment, which will help China's economic development and economic recovery. The world economy.
Opportunities come from new development strategies. Innovation plays a key role in the overall situation of my country's modernization drive and is the key to solving the problem of uneven development and promoting high-quality development. This meeting will enhance the national strategic scientific and technological strength as the first key task of next year. In the future, as China's new momentum for innovation and development continues to increase, and emerging industries grow rapidly, China's economic vitality will further burst, thereby effectively promoting global growth.
According to a report recently released by International Data Corporation, China’s share of the global artificial intelligence market will reach 15.6% in 2024, becoming an important driving force for the growth of the global market. Saudi Finance Minister Mohamed Jadan said that as Saudi Arabia expands digital services to the whole country, many Chinese companies are helping the country develop in areas such as 5G. "We attach great importance to China's partners and hope to expand cooperation between the two countries in the process of further developing the digital economy."
China cannot develop without the world, and the prosperity of the world also needs China. As China embarks on a new journey of building a socialist modern country in an all-round way, the high-quality development of China's economy will surely inject more confidence and vitality into the world in the post-epidemic era. (Reporter Li Jie)
Source: Xinhua News Agency
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