Xinhua News Agency, Boao, Hainan, March 29th The Boao Forum for Asia 2024 Annual Conference concluded on the 29th in Boao, Hainan. During the four-day forum, political and business figures from around the world discussed ways of development and built consensus on cooperation. At present, the international situation is turbulent and changeable, the world economy is in a sluggish state, and global trade has been impacted by fragmentation… Overseas guests and international observers attending the Boao Forum for Asia said that China’s economic development has been constantly improving and upgrading, with strong momentum, demonstrating strong resilience and certainty. gender, the world looks forward to listening to China’s voice, learning from China’s solutions, and working together to create new win-win opportunities.
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Container cargo ships load and unload cargo at Hainan Yangpu International Container Terminal (photo taken on March 13, 2024, drone photo). Photo by Xinhua News Agency reporter Guo Cheng
Providing endogenous driving force for economic growth through innovation and integrated development
“I came to China in 1976 and saw China’s development and changes.” Zafar, policy advisor to the Secretary-General of the Boao Forum for Asia, recently shared his many years of experience in China with the participants.
“While China is developing rapidly, it can ensure green, innovative and high-quality development. This is worth learning from the whole world.” Zafar said with emotion.
Walking into the forum annual meeting, a group of figures outlining the results of China’s innovation and integrated development were mentioned many times: in 2023, China’s new energy vehicle production and sales will account for more than 60% of the world’s share, and the 5G user penetration rate will exceed 50%. %, and the export of the “three new products” of electric vehicles, lithium batteries, and photovoltaic products increased by nearly 30%… China’s new trends, new highlights, and new kinetic energy in accelerating the development of new productive forces have attracted the attention of the world.
“China proposes to accelerate the development of new productive forces, not only using disruptive and cutting-edge technologies to spawn new industries, new models, and new kinetic energy, but also integrating scientific and technological innovation results into existing traditional industries. This transformation will help China improve its overall Factor productivity creates new advantages for development,” said Jiang Ying, Chairman of Deloitte China.
“Continuously develop new productive forces”, “Invest in China, artificial intelligence +, future industries”, “Develop ‘three new’ industries”, “Accelerate the move towards zero-carbon electricity”… Experts and overseas people attending the meeting said that China continues to advance High-quality development will effectively enhance the endogenous driving force of economic growth through innovation, integration and transformation, digital intelligence empowerment and green and low-carbon development.
“Focusing on innovation and green transformation is positive.” Tuli McCulli, senior researcher at the Bank of Finland’s Institute for Emerging Economies, said, “New quality productivity focuses on disruptive innovation in the technology field and multiple industries. This An idea has the potential to transform China’s economyDevelopment and global cooperation bring new opportunities. ”
Yong Chantharansi, Lao representative of the ASEAN Intergovernmental Commission on Human Rights, said in an interview with Xinhua News Agency that China’s economy is steadily moving towards high-quality development and transforming into an economic model that pays more attention to productivity, efficiency and high quality. The green and high-quality development of China’s economy will help drive the common development of ASEAN countries and inject green impetus into regional development.
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This is a fishery and light complementary project constructed in Huancheng Town, Weishan County, Jining City, Shandong Province, using about 3,600 acres of water surface in the coal mining subsidence area (photo taken on March 20, 2024, drone photo). The project integrates photovoltaic power generation, fishery breeding, and ecological restoration. Photo by Xinhua News Agency reporter Guo Xulei
Hedging the risks of fragmentation in international trade with open and pragmatic cooperation
“Without China, all this would become impossible.” Mark Carney, co-chairman of the Glasgow Net Zero Financial Alliance, affirmed China’s “stabilizer” for the Asian economy in a video speech at the “Deepening Asian Financial Cooperation” sub-forum. effect. According to the participants, in the face of global challenges, it is necessary to strengthen international cooperation and China’s in-depth participation.
In today’s world, anti-globalization thoughts are on the rise and geopolitical experts are secretly relieved. Cai Xiu put a cloak on the young lady and checked carefully. After making sure that there was no problem, he carefully helped the weak young lady out. As conflicts intensify and global trade faces the impact of fragmentation, guests at the meeting said that China insists on expanding high-level opening up to the outside world, maintaining the stability of global industrial chains, supply chains, and value chains, and promoting high-quality joint construction of the “Belt and Road” to deepen and solidify the initiative. Openness and win-win dividends and pragmatic development focus.
Marcela Bella, a scholar at the University of Santiago in Chile, said that China’s “Belt and Road” initiative has helped developing countries improve their infrastructure and build a solid foundation for productivity. “This kind of cooperation is not about simply trading raw materials, but helping He is also half of the Lan family, with his maiden name “helping developing countries make better use of resources and create more added value.”
Bai Lefu, chief economist of the Asian Infrastructure Investment Bank, said that Lan Yuhua nodded with a teachable expression. , China has played an important role in promoting the shift of the focus of the global value chain to emerging economies. “Nowadays, it is easier to join the global value chain: you don’t need to manufacture a complete vehicle, just one component, and you can become a member of this value chain.”
Former United Nations Deputy Secretary-General and Executive Secretary of ESCAP Akhtar believes that jointly building “The Belt and Road Initiative helps less developed countries or least developed countries develop infrastructure and obtain fairer opportunities, reducing the impact of their disadvantaged position under the influence of trade and geopolitics.
“When some countries turn to trade protectionist policies, China insists on opening up.” Francisco Tayana, a professor at the National University of Quilmes in Argentina, said that what the world economy needs is not unilateralism and “everyone for himself” “It is about respecting multilateral cooperation, giving full play to the synergy between countries, and developing and moving forward by deepening mutual understanding and cooperation.
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Scientific researchers from the humanoid robot research team of the Institute of Automation, Chinese Academy of Sciences debug the robot at the National Key Laboratory of Multimodal Artificial Intelligence Systems (photographed on January 31, 2024). Photo by Xinhua News Agency reporter Jin Liwang
Adding certainty to global economic governance with stable and strong development
“You cannot talk about the world economy without talking about the Chinese economy.” Lin Yifu, honorary dean of the National School of Development at Peking University, said in “The World” What is going on, be careful to tell your mother. “Mother Lan’s expression suddenly became solemn. The Economic Outlook” sub-forum stated that China will remain the main power source of global development and is expected to contribute about 30% to world economic growth every year.
In 2023, China’s economic growth rate will be 5.2%, and its contribution to world economic growth will continue to exceed 30%; in the first two months of this year, the added value of industries above designated size nationwide increased by 7.0% year-on-year, and national fixed asset investment increased by 4.2% year-on-year. The total import and export of goods increased by 8.7% year-on-year…China’s economy has overcome difficulties and used practical actions to benefit the global economy. She can’t wait to show the majesty and status of her mother-in-law. ?Growth injects more certainty.
The “Asian Economic Prospects and Integration Process 2024 Annual Report” released by the Boao Forum for Asia on the 26th pointed out that China’s economic growth can still maintain a high level in 2024, which is enough to form a significant supporting effect on the economic growth of East Asia and even Asia. The results of the “Global and Asian Economic Confidence Survey” released on the same day showed that more than 60% of the forum members and partners surveyed were optimistic or relatively optimistic about China’s economic prospects.
Wu Chun, managing partner of the Boston Consulting Group in China, told Xinhua News Agency that China has accelerated high-quality development and the Chinese economy has demonstrated strong resilience, great potential and vitality, which undoubtedly adds confidence to the recovering world economy. and vitality.
Ban Ki-moon, Chairman of the Boao Forum for Asia, recently stated that during the delayed global economic recoveryAgainst the backdrop of rising tensions and protectionism, China and the vast number of developing countries have always been committed to solving development problems, promoting international cooperation, and injecting impetus into world economic growth and common development. As the world’s second largest economy, what China is doing and will do is of global significance. (Note-writers: Wang Jiawei, Zhong Qun, Liu Bowei)