Ministry of Foreign Affairs_ The international community is more optimistic about China_s economic and social development potential

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Beijing, 12 Mar (Reporter Ma Zhuoyan, Cheng Xin) Foreign Ministry spokesman Wang Wenbin said on the 12th that through this year’s two sessions, the international community has seen a China that is moving forward steadily, pioneering and innovative, open and confident, and cohesive. We are more optimistic about the great potential of China’s economic and social development, and expect that China’s high-quality development will bring more opportunities to the world.

At the regular press conference on that day, a reporter asked: over the past week or so, international public opinion has continued to focus on the two national sessions. A number of foreign media quoted the analysis of international institutions and experts as saying that the two sessions sent a positive signal that China’s economy is picking up. Does the spokesman have any comment on this?

Wang Wenbin said: the annual NPC and CPPCC sessions are not only a major event in China’s political life, but also an important window for the international community to observe the direction of China’s major policies. Whether it is the expected target of GDP growth of about 5% put forward in this year’s government work report, or the key words such as high-quality productivity, high-quality development, high level of opening to the outside world, and so on, have aroused heated discussion in the international media. Through the two sessions of the National people’s Congress this year, the international community has seen a China that is moving forward steadily, pioneering and innovative, open and confident, and cohesive, and is more optimistic about the great potential of China’s economic and social development. It is expected that China’s high-quality development will bring more opportunities to the world.

Wang Wenbin said that the government work report puts forward a growth target of about 5%, which shows that China’s economy is resilient, has great potential and is full of vitality. This goal is not only higher than the previous IMF and World Bank forecasts for China’s economic growth this year, but also far higher than the IMF’s growth forecasts for the United States and Europe. International media commented that at a time when the world economy is full of uncertainty, China’s economic growth target of about 5% is ambitious. Since the beginning of the year, China’s economy has continued to accumulate factors for the better. During the Spring Festival holiday this year, there were 229.3 billion cross-district domain name flows in China, and domestic tourists spent a total of 63.2687 trillion yuan, an increase of 77 percent over the same period in 2019. In the first two months of this year, China’s imports and exports of goods totaled 661 trillion yuan, an increase of 87 percent over the same period last year. China’s economy continues to pick up and is expected to get off to a good start in the first quarter.

He said that the important exposition of new quality productive forces has guided China’s economy toward a new direction. When participating in the deliberations of the Jiangsu delegation, General Secretary stressed the need to firmly grasp the primary task of high-quality development and develop new-quality productive forces in line with local conditions. This year’s government work report also proposed for the first time to vigorously promote the construction of a modern industrial system and speed up the development of new-quality productive forces. Last year, China’s new exports of electric vehicles, lithium batteries and photovoltaic products exceeded trillion yuan, an increase of nearly 30 percent over the same period last year; the development of the digital economy was accelerated, and the penetration rate of 5G users exceeded 50 percent. The number of international patent applications submitted by Chinese applicants through the Patent Cooperation Treaty ranked first in the world for four consecutive years. New quality productivity has been formed in practice and has shown a strong driving force and supporting force for high-quality development.

Wang Wenbin said: the new measure of opening up to the outside world at a high level shows China’s determination to share opportunities with the world. The government work report proposes to open wider to the outside world at a high level and promote mutual benefit and win-win results. China will take the initiative to dovetail with high-standard international economic and trade rules, steadily expand institutional opening up, promote a stable increase in the quality and quantity of foreign trade, step up efforts to attract foreign investment, promote high-quality co-construction, Belt and Road Initiative, and deepen multilateral, bilateral and regional economic cooperation. In January this year, 4588 new foreign-invested enterprises were established in China, an increase of 744 per cent over the same period last year. According to the latest survey of the German Chamber of Commerce in China, 91% of German enterprises will continue to take root in the Chinese market. The American Chamber of Commerce in South China reported that 76% of the companies surveyed planned to reinvest in China this year. More and more multinational companies realize that to invest in China is to invest in the future.

The blueprint has been drawn and the trumpet has been sounded. We have the confidence, conditions and ability to achieve the goals and tasks of economic and social development for the whole year. Wang Wenbin said: China’s economy is getting bigger and bigger, its muscles and bones are getting stronger and stronger, and it will certainly ride out the storm and look forward to the future.