Hey everyone! 🌟 Big news coming out of Beijing! China has just doubled down on its promise to keep the global economy buzzing. At the \"1+10\" dialogue, heads of major international economic organizations gathered, and Chinese President Xi Jinping had some inspiring words to share.
China: The World's Biggest Economic Engine 🚂💨
President Xi highlighted China's incredible economic journey over the past 40+ years. Can you believe it? The Chinese economy has been on a high-quality growth path and has been contributing about 30% to global economic growth! That's like carrying almost a third of the world's economy on its shoulders! 😮
He expressed complete confidence in reaching this year's economic growth targets and assured that China will continue to fuel the global economy. Fun fact: Between 2013 and 2021, China accounted for an average of 38.6% of global economic growth, outpacing the combined contribution of G7 countries. Talk about a powerhouse! 🔥
As of October, China's GDP for the first three quarters of 2024 hit a whopping 94.97 trillion yuan (about $13.09 trillion), marking a 4.8% year-on-year growth. 📈✨ That's some serious growth momentum!
President Xi also vowed to further open up the Chinese economy. He emphasized creating a business environment that's market-oriented, law-based, and internationalized. More openness means more opportunities for everyone! 🌐
Bridging Worlds with the Belt and Road Initiative 🌏🤝
Over the past decade, the Belt and Road Initiative (BRI) has been a game-changer. It's all about building bridges (literally and figuratively) for shared development between China and the rest of the world. So far, China has signed BRI cooperation documents with over 150 countries and more than 30 international organizations. That's a whole lot of teamwork! 🤗
By the end of 2023, Chinese companies had set up 17,000 overseas enterprises in countries participating in the BRI, with investments over $330 billion. Plus, these initiatives have created 530,000 local jobs. That's a massive boost to global development! 💼🌍
Towards an Open and Fair Global Economy 🌐✨
Facing global challenges, President Xi underscored the importance of collaboration over confrontation. He firmly opposed protectionism and \"decoupling\" strategies, emphasizing that such moves harm everyone involved. 🤝❤️
He called on countries to prioritize innovation, especially in the digital economy, AI, and low-carbon technologies. Supporting the cross-border flow of knowledge, technology, and talent can create new drivers of economic growth. Let's ride the wave of innovation together! 🚀💡
China has been walking the talk by continuously expanding its opening-up policies. From implementing the new Foreign Investment Law to relaxing foreign capital restrictions in the financial services industry, China is making big strides in integrating with the global market. 📄🏦
On China-U.S. relations, President Xi expressed willingness to maintain dialogue and expand cooperation. He hopes for steady, healthy, and sustainable development of bilateral ties. After all, in trade wars, there are no winners. Let's keep the lines of communication open! 📞🤝
Stay tuned for more updates on how China continues to play a pivotal role in the global economy. The future looks bright when we work together! 🌞🌍
Reference(s):
China reaffirms confidence, vows to remain global growth engine
cgtn.com
