The stability and progress of the Chinese economy inject confidence into the world

A steady growth trend, surging innovation momentum, and broad open mindedness will drive the Chinese economy to sail through the waves and continue to move forward, laying a solid foundation for the start of the 15th Five Year Plan

What development opportunities are contained in China's' 15th Five Year Plan 'proposal? Since the release of the' 15th Five Year Plan 'proposal, the international community has paid high attention to China's economy moving towards a new direction, gathering strength, and becoming stronger.' Dual carbon ', artificial intelligence, and new quality productivity have become key words for all parties to understand China's opportunities. The stability and progress of the Chinese economy continue to inject confidence and positive energy into the world.

Recently, foreign institutions such as Goldman Sachs, Deutsche Bank, and Morgan Stanley have been optimistic about China's economic growth expectations. Looking at the world, China remains a stable and reliable driving force for global economic growth. In the first three quarters of this year, China's gross domestic product grew by 5.2% year-on-year, and the total economic output for the year is expected to be about 140 trillion yuan, consolidating and enhancing its position as the world's second-largest economy. The role of consumption as the main engine of economic growth is becoming increasingly prominent, with rapid growth in manufacturing investment, continuous promotion of market diversification, and continuous optimization of international market layout, jointly consolidating the basic foundation of China's stable economic development. Fajar Hilawan, a senior researcher at the Indonesian Institute of Business and Economics, believes that the resilience of the Chinese economy is reflected in stable growth and a healthier economic structure. With the strengthening and expansion of the "dual" and "two new" policies, the construction of a unified national market continues to deepen, adding momentum to the sustained and stable growth of the Chinese economy.

Currently, the accelerated reshaping of China's economic growth pattern by new quality productivity has become an important focus for promoting high-quality development. China has achieved remarkable results in key areas such as digital technology, artificial intelligence, and green industries. The installed capacity of wind and photovoltaic power has exceeded 1.69 billion kilowatts, and the monthly penetration rate of new energy vehicles has exceeded 50% for the first time. China has also become the world's largest holder of artificial intelligence patents. China has ranked first in the world in terms of the number of 24 global top 100 innovation clusters for three consecutive years, and second in the world in terms of the number of unicorn enterprises. Its excellent innovation ecosystem has helped more emerging technological achievements emerge and transform, making it one of the economies with the fastest increase in innovation power in recent years. The "15th Five Year Plan" proposes a forward-looking layout around key areas such as high-end instruments, advanced materials, and biomanufacturing. "Innovation power" will further become a key force for China's economic transformation and development mode, optimization of economic structure, and transformation of growth drivers. Spanish economist Pedro Balagan believes that the Chinese economy is entering a mature stage and seeking to transform towards a people-centered, more balanced, innovative, and green growth model.

China has always adhered to open cooperation and mutual benefit, steadily expanding institutional openness, and using its own high-quality development to support the development of other countries. The new development pattern constructed by China is not a closed domestic single cycle, but an open and mutually reinforcing domestic and international dual cycle. 22 pilot free trade zones actively align with international high standard economic and trade rules, the negative list for foreign investment access continues to be "streamlined", and the number of free trade agreements and partners continues to increase, clearly conveying China's firm determination to actively expand independent opening up. From product buying and selling, investment in setting up factories, to collaborative research and development, foreign companies such as Dow and AstraZeneca have deepened their presence in China, showcasing the strong "magnetic attraction" of the Chinese market and institutional environment. The role of China's economy in empowering global development will become increasingly prominent, as it promotes reform and development through openness and seeks win-win cooperation.

The steady growth trend, surging innovation momentum, and broad open mindedness have propelled the Chinese economy forward, laying a solid foundation for the start of the 15th Five Year Plan. China, which is striding towards modernization, will continuously improve its high-quality development and work together with other countries to share opportunities and create prosperity.