[World view of the NPC and CPPCC] Overseas experts are optimistic about China's economy: China's position in the global industrial chain will be further improved under the promotion of new quality productivity
On March 5, the 2024 government work report triggered heated discussions among overseas experts.According to the report, the economic growth target this year is set at about 5%.Overseas experts and businessmen believe that this goal is in line with the reality of China's economic development and shows the Chinese government's pragmatic and objective economic governance philosophy.
Luis Fernandez, a senior researcher at the World Economic Research Center of the University of Havana, said: "This growth goal is very consistent with China's national conditions. China has created a high-quality economic development model for the current stage, advocating green economy and high-tech development. This will inject strong vitality into the global economy."
Professor Jeffrey Sachs, director of the Center for Sustainable Development of Columbia University, said that China's scientific and technological progress is very rapid, "these advances will enable China to occupy a high position in the world in the next few years".
In order to achieve the goal of economic growth, this year's government work report proposed to vigorously promote the construction of a modern industrial system and accelerate the development of new quality productivity.
Michael Schumann, president of the German Federal Association for Economic Development and Foreign Trade, pointed out that "the reference to 'new quality productivity' well responds to the new scientific and technological progress with great potential, such as artificial intelligence. These new quality productivity can not only improve our production efficiency, but also achieve environmental protection and sustainable development, and also reduce human costs."
According to the 2023 Global Innovation Index released by the World Intellectual Property Organization, China, ranking 12th, is the only middle-income economy in the top 30, and close to the top 10.
Yan Li, senior lecturer of the business school of Nanyang Technological University in Singapore, said: "China's new energy industry and smart car manufacturing industry have taken the lead in the world. These industries still have unlimited potential." He pointed out that China's position in the global industry chain will be further improved under the promotion of new quality productivity.
The government work report proposed that we should expand high-level opening up, actively connect with high standards of international economic and trade rules, and steadily expand institutional opening.
In order to attract foreign investment, this year's government work report proposed a series of specific measures, including continuing to reduce the negative list of foreign investment access, comprehensively abolishing restrictions on foreign investment access in the manufacturing sector, and easing market access in the telecommunications, medical and other service industries.
Panasonic Vice President Tetsuro Honda said that the business environment in China was satisfactory, and Japanese enterprises regarded China as an important market and actively promoted their business in China.
In an interview, Tetsuro Honda said that Panasonic will continue to deeply cultivate the Chinese market.
"We are excited about the future of China," said Bei Hanqing, president of the public cosmetics department of L'Oreal Group. He pointed out that this is because China has a large middle-income group.
He said: "L'Oreal has a very good development prospect in China. We firmly believe that the 'next China' is still China."
According to the report of the International Financial Forum, China's contribution to global economic growth will reach 32% in 2023, which is the largest engine of world economic growth.
The research of the International Financial Forum shows that China's economic growth has a positive spillover effect on the rest of the world.Every 1 percentage point increase in China's economy will drive the economic growth of other countries by 0.3 percentage points.
Chin Maung soo, former adviser to the Myanmar Institute of Strategic and International Studies, said that the world's confidence in China stems from China's consistency in economic strategy.
Yi Si, chairman of the Royal East West Strategic Research Institute, also said that the decision to cultivate and strengthen the private economy was unanimously welcomed by Chinese and foreign entrepreneurs.
Joseph Mutaboba, an expert on international relations and foreign affairs in Rwanda, pointed out that thanks to the super large market, the expanding middle-income group, and the government's support for key industries, China still has a strong attraction for foreign investment.China has been committed to deepening reform and opening up, which shows China's determination to adhere to sustainable development and integrate into the world economy.
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[World view of the NPC and CPPCC] Overseas experts are optimistic about China's economy: China's position in the global industrial chain will be further improved under the promotion of new quality productivity
[Two Sessions in the World] Overseas experts are optimistic about China's economy: China's position in the global industrial chain will be further improved under the promotion of new quality productivity.In order to achieve the goal of economic growth, this year's government work report proposed to vigorously promote the construction of a modern industrial system and accelerate the development of new quality productivity.Joseph Mutaboba, an expert on international relations and foreign affairs in Rwanda, pointed out that thanks to the super large market, the expanding middle-income group, and the government's support for key industries, China still has a strong attraction for foreign investment.