🚀 Booming Economy Alert! Chinese Premier Li Qiang took the stage at the China Development Forum 2024 in Beijing this Sunday, and let's just say, the future looks bright! 🌞
In his keynote speech, Premier Li dived into the massive potential of the Chinese economy, touching on three key areas: China's strengthening economic recovery, the acceleration of high-quality development, and the unshakable long-term growth prospects. 📈
Economic Momentum is Growing! 📊
Premier Li highlighted that China's economic recovery isn't just on track—it’s picking up speed! He mentioned that the country's GDP grew by an impressive 5.2% last year, hitting over 126 trillion yuan (about $17.6 trillion). That's some serious growth, making China one of the fastest-growing major economies in the world! 🌎
Not stopping there, China continues to be a powerhouse, contributing around 30% to global economic growth and maintaining its position as the largest trader of goods worldwide. 🛍️
Li also pointed out the rapid rise of new economic drivers. Instead of piling up long-term risks, China is all about improving the quality of development and boosting internal momentum. ⚙️
Get this: The added value from strategic emerging industries jumped from 7.6% of GDP ten years ago to over 13% last year! Plus, China's digital economy has soared past 50 trillion yuan, and the country boasts 24 of the world's top 100 sci-tech innovation clusters. Talk about innovation nation! 💡
\"The accelerated growth and application of new technologies has not only led the transformation and upgrading of China's economy but also strongly supported global green development,\" Li enthused. 🌱
High-Quality Development on the Fast Track 🚄
Feeling optimistic, Premier Li cited China's unique strengths: solid institutional advantages, a complete industrial system, a massive high-skilled workforce, and growing tech innovation capacity. 🛠️
He shared that the government plans to ramp up macro-policy adjustments and expand domestic demand. How? By building a unified national market, pushing forward urbanization, and promoting new rounds of equipment upgrades and consumer goods trade-ins. 🏙️
China is also set to accelerate building a modern industrial system through tech innovation, promote green transformation, and carefully manage risks to ensure steady and healthy economic development. 🌐
Wrapping up his speech, Premier Li assured global entrepreneurs and investors of China's commitment to opening up. He promised deeper reforms, better government services, and protection of legitimate rights for all enterprises. Oh, and they're removing all restrictions on foreign investment in the manufacturing sector! 🏭
\"We believe a more open China will bring more opportunities for win-win cooperation to the world,\" he said with confidence. 🤝
The forum, kicking off from March 24 to 25, is themed \"The Continuous Development of China,\" focusing on new drivers of China's development and fresh opportunities for the global economy. 🌏
Big names like World Bank President Ajay Banga and International Monetary Fund Managing Director Kristalina Georgieva were among the 400 attendees at the opening ceremony. Star-studded, right? 🌟
Reference(s):
Premier Li stresses China's economic potential at forum in Beijing
cgtn.com
