China’s high-quality economic development provides a bright outlook

According to the 2021 National Economic and Social Development Statistics Bulletin released by the National Bureau of Statistics of China on February 28, China’s GDP increased by 8.1% from last year, with an average growth rate of 5.1% over two years. No. 1 among the major economies in the world. With a scale of over 110 trillion yuan and reaching 114.4 trillion yuan, China is the second largest economy in the world. Faced with multiple challenges such as the complex international environment, the COVID-19 epidemic, and extreme weather events, China’s national economy continues to recover, and its level of development has reached a new high level. It is a good indication that high economic development is bright. future.

Workers are working on the production line on February 7, 2022 at the production workshop of Hyundai Doshan Construction Machinery in Yantai, Shandong Province, eastern China. (Tang Ke / Pic.People.com .cn)

Observing the Chinese economy requires a global dialectical and long-term perspective. Despite the great pressure brought about by changes in the domestic and foreign economic environment, the Chinese economy has maintained a good momentum of development. The main macroeconomic indicators are generally within reasonable limits, with strong resilience, ample potential, and long-term improvement characteristics being more pronounced. International public opinion generally believes that the Chinese economy will continue to show a recovery trend in 2022 and will help the world economy recover.

On February 17, 2022, the intelligent new energy vehicle production line began in earnest at the workshop of Leap Motor Co., Ltd., a new energy vehicle city in Jinhua City, Zhejiang Province (eastern China). (Hu Xiaofei / Pic.People.com.cn)

The bright future of China’s economy is born of more resilient and quality development. In 2021, China will respond gently to changes that the world has not seen for a century and pandemics of a scale that has not been seen for more than 100 years, to build new development models. Will take appropriate measures. We have achieved new results with high-quality development and have made a good start to the 14th Five-Year Plan. China maintains global leadership in economic development and epidemic prevention and management, accelerates the growth of the country’s strategic scientific and technological capabilities, improves the resilience of industrial chains, and deepens structural reforms in terms of supply. Continued in the areas of ecology and low carbon conversion and shared prosperity.

On February 26, 2022, Shinopek Tianjin LNG Terminal completed China’s first “double station” to receive and discharge LNG at the same time. (Hu Qingming / Pic.People.com.cn)

The bright future of the Chinese economy also depends on the continuous optimization of its industrial structure. By 2021, the transformation and sophistication of China’s economic structure will accelerate. Investment in the high-tech industry will increase 17.1% year-on-year, and the added value of the high-tech manufacturing industry will increase 18.2% year-on-year. New energy vehicles, industrial robots, integrated circuits and other industries will perform well. The modern service industry is growing rapidly and the industrial structure is continuously optimized. Boosted by the Beijing Winter Olympics, the world of ice and snow is now a true mountain of gold and silver. According to the research report, the production value of ice and snow sports in China will reach 800 billion yuan in 2022 and 1 trillion yuan in 2025. Similarly, consumption is an important window for observing a country’s economic vitality. Consumer demand in China continues to be unleashed. Last year, final consumer spending contributed 65.4% to the country’s economic growth and was a major driver of a stable recovery of the national economy. During the Chinese New Year period, the volume of non-cash settlement business in China was 20.84 billion yen, totaling 14.9 trillion yuan, up 10.0% and 16.2%, respectively, from the same period of the previous year, and there was vitality in consumption. It will continue to be released.

A Central European (Qilu) train loaded with 100 TEU of chemical raw materials, vehicle accessories, daily necessities, etc. leaves the multimodal transportation hub of the Shanghai Cooperation Demonstration Zone in Jiaozhou City, Qingdao City, Shandong Province, eastern China, and heads for Mannheim. I did. Germany on February 18, 2022. (WangZhaomai / Pic.People.com.cn)

The bright future of China’s economy is also mutually beneficial and depends on Winwin open to the outside world. In 2021, bilateral trade between China and Russia will exceed 900 billion yuan for the first time, a record increase of 26.6% over the previous year. The total volume of trade between China and Africa will reach new highs since 2014. At the same time, China will continue to maintain its position as a major trading partner of the European Union. Total imports and exports between China and ASEAN will increase by 28.1% year-on-year … China is a huge market that makes full use of the concept of “two markets and two resources” and utilizes the most complete industrial system. Not only does it prosper in the process of economic globalization, but it also achieves mutual benefits with other countries and favorable results for both sides in the high-level opening to the outside world.

Tourists will appreciate plum blossoms on February 28, 2022 at Meihuashan in Nanjing, the capital of Jiangsu Province in eastern China. (Geng Yu / Pic.People.com.cn)

“The Chinese economy is the sea, not the small pond. The strong leadership of the Chinese Communist Party, the significant advantages of the socialist system with the characteristics of China, the strong materials and technological foundations accumulated since the implementation of the reform and open policy. And enjoying its enormous advantages. The market and its potential for domestic demand. With huge human capital and human resources, the Chinese economy continues to grow steadily on the path of quality development, the world. We will make new contributions to the steady and steady progress of economic recovery.

(He is in the shadow for the People’s Daily)

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