China to deliver confidence, power and hope to world

Must read

#Lekkimassacre: Witness Submits Live Bullet, Flash Drives As Evidence To Lagos Panel

One of the coordinators of the #EndSARS protest, Serah Ibrahim, says she witnessed how soldiers and later policemen shot innocent protesters at...

Help me, I’m dying of hunger: demolished Kaduna “Sex Party” restaurant owner decries

..Say's Police collected N120,000 from her By Gabriel Udeh, kaduna A Kaduna...

Prince Philip Laid To Rest In Royal Vault At Windsor Castle

Queen Elizabeth II on Saturday bid farewell to her late husband, Prince Philip, at a royal funeral like no other, restricted by...

Benue Police Command Confirms killing of Six persons by Suspected Herdsmen in Benue Community

By Isaac Kertyo, Makurdi Benue State Police Command has confirmed the Killing of six persons while three others sustained...

 

By He Yin

Confidence and strength in economic development are what China’s government work report this year has signaled to the international community, and also what make the world believe that the country’s economic certainty will bring more confidence, power and hopes to the global economy.

International observers commented that China’s goal of reaching a growth rate of over 6 percent is like a beam of light in the long dark tunnel of the world economy haunted by the COVID-19 pandemic, lighting up the path leading to global recovery. They said the goal demonstrated China’s resolution and confidence, and the “China engine” will keep revitalizing the global economy.

COVID-19 is still spreading around the world, making international situation more unstable and uncertain. To expel the dark cloud covering the economy and bring development back to normal is a common responsibility shouldered by all countries.

China, as the only major economy that secured positive growth over the past year, is widely anticipated by the international society to drive the global growth. The government work report of the country recently released sent out a series of inspiring messages to the world.

READ  Over 80 percent of Chinese population speak Mandarin

The Chinese economy has recovered momentum of stable growth. In the extraordinary year of 2020, China achieved major strategic results of pandemic prevention and control, and its economy grew by 2.3 percent year-on-year.

The Chinese economy just left a remarkable “v-shape” last year by delivering a 6.5 percent growth in the last quarter. Though the country still faces risks and challenges this year, the fundamentals sustaining stable and long-term economic growth remain unchanged.

READ  Tibet's Nyingchi dives deep in eco-tourism, embraces prosperous development

China announced a series of goals and decisions in its government work report, which were considered as positive signals of the country’s economic recovery by the international society, such as targeting a growth of over six percent this year, lowering budget deficit ratio to 3.2 percent, and no longer issuing additional COVID-19 government bonds.

China’s economy maintained high-quality development. According to the government work report, targeting at expanding its GDP by over 6 percent, China has taken into account the recovery of economic activity. A target of over 6 percent will enable the country to devote full energy to promoting reform, innovation, and high-quality development.

Besides, the government work report also called to promote high-quality development of the real economy through innovation and foster new growth drivers, expand domestic demand as a strategic move and fully tap the potential of the domestic market, and promote continuous environmental improvement.

The international public opinion believes that a moderate growth target will enable a government to focus on both the quality and quantity of growth, which indicates that China will enhance its efforts on further lifting the quality of its development.

This further explained that China is a reliable partner, a partner that can bring hopes, said deputy director Alexander Lomanov of the Institute of World Economy and InternationalRelations,Russian Academy of Sciences.

READ  China delivers remarkable performance in commercial 5G services

Chinese economy is now more closely connected to the world economy. The government work report revealed that China will open up more sectors of the economy in a more thorough fashion and participate more fully in international economic cooperation. Besides, it will also promote steady growth of imports and exports, use foreign investment more effectively, promote high-quality Belt and Road cooperation, and deepen multilateral, bilateral, and regional economic cooperation.

READ  China releases regulations on management of Chang'e-5 lunar samples

This fully indicates China’s aspiration to work for win-win results with the rest of the world. Foreign direct investment into China grew 4 percent year on year in 2020, making the country the largest destination of foreign capital.Besides,in the first two months this year, China’s foreign trade surged 32.2 percent from a year ago.

Facts prove that only through open cooperation can countries create more momentum for economic development. China is bound to promote common development with high-level opening up.

China will have an accurate understanding of the new stage of development, fully apply the new development philosophy, and accelerate its efforts to create a new development pattern to promote high-quality development.By doing so, it will set the stage for building a modern socialist country in all respects.

The world has every reason to believe that pursuing high-standard opening up and promoting stable and improved performance in foreign trade and investment, China will surely inject constant momentum into global economic development.

Copyright DAYBREAK.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from DAYBREAK NEWS.

More articles

1506 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

#Lekkimassacre: Witness Submits Live Bullet, Flash Drives As Evidence To Lagos Panel

One of the coordinators of the #EndSARS protest, Serah Ibrahim, says she witnessed how soldiers and later policemen shot innocent protesters at...

Help me, I’m dying of hunger: demolished Kaduna “Sex Party” restaurant owner decries

..Say's Police collected N120,000 from her By Gabriel Udeh, kaduna A Kaduna...

Prince Philip Laid To Rest In Royal Vault At Windsor Castle

Queen Elizabeth II on Saturday bid farewell to her late husband, Prince Philip, at a royal funeral like no other, restricted by...

Benue Police Command Confirms killing of Six persons by Suspected Herdsmen in Benue Community

By Isaac Kertyo, Makurdi Benue State Police Command has confirmed the Killing of six persons while three others sustained...

NTDC condoles with tourism sector over FTAN President’s death

By Joyce Remi- Babayeju The Acting Director of the Nigerian Tourism Development Corporation (NTDC), Richard Ovie Esewhaye on behalf...