Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Recently, foreign financial institutions such as Goldman Sachs, Deutsche Bank and Morgan Stanley have expressed optimism about the growth prospects of the Chinese economy.
Globally, China remains a stable and reliable driver of global economic growth. In the first three quarters of this year, China's GDP grew 5.2% year-on-year, and its full-year economic output is expected to reach approximately 140 trillion yuan, cementing its status as the world's second-largest economy.
Fajar Hilawan, a senior research fellow at the Indonesian Institute of Business and Economics, believes that the resilience of the Chinese economy is reflected in stable growth and a healthy economic structure. With increased policy support and continued progress toward building a unified national market, China's sustainable and stable economic growth is gaining momentum.
At present, productive forces of new quality are becoming an important support for promoting high-quality development.
China has achieved significant results in key areas such as digital technologies, artificial intelligence, and green industries. A thriving innovation ecosystem facilitates the emergence and transformation of a growing number of new scientific and technological advances, making China one of the fastest-growing innovation economies in recent years.
The proposals for the 15th Five-Year Plan offer a promising development plan for key areas such as high-tech devices, advanced materials, biomanufacturing, and others. "Innovation power" will become the key force for transforming the development model, optimizing the economic structure, and changing the growth engines of the Chinese economy.
Spanish economist Pedro Barragán believes that the Chinese economy is entering a mature stage and is striving to transition to a human-centered, balanced, innovative, and green growth model.
China has consistently adhered to openness and mutually beneficial cooperation, steadily expanding institutional openness, and promoting the development of other countries through its own high-quality progress.
The new development model being formed by China is not a closed internal single-loop system, but an open, mutually facilitating internal and international dual circulation.
The 22 pilot free trade zones are actively operating in line with high-level international economic and trade standards, the "negative list" for foreign capital entry continues to be shortened, and the number of free trade agreements and trading partners is constantly increasing, clearly demonstrating China's firm determination to actively expand its proactive opening-up.
Foreign companies such as Dow and AstraZeneca are expanding their presence in China through trade, investment, factory building, and joint research and development, demonstrating the powerful magnetic force of the Chinese market and institutional environment.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.