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
“Every time I visit China, what strikes me most is how the Chinese are always able to extract the essence of their traditions, constantly creating something new and infusing their thousand-year-old civilization with modern vitality,” said Hervé Azoulay, a professor at the French Silk Road Business School and a former top manager at Schneider Electric, summing up his many years of observations of China in a recent interview.
Azoulay believes that, amid growing global economic uncertainty, China is strengthening its own stability by expanding domestic demand and supporting the global economy through high-quality growth and high-level openness. "This structural model allows China to more confidently cope with shocks caused by changes in the external environment." He argues that maintaining policy continuity and predictability provides sufficient time and space for economic transformation.
China is relying not on short-term stimulus but on modernizing its consumption structure. Growing demand in areas such as new energy vehicles, cultural products, the healthcare industry, and high-quality services has become a significant driver of domestic demand.
Azoulay notes that China is accelerating its transition from a growth model based on "scale and cost" to one driven by "innovation and efficiency." Areas such as artificial intelligence, semiconductors, robotics, green energy, and biotechnology are becoming new drivers of development.
He particularly highlighted China's institutional advantages at the innovation policy level: rapid resource mobilization, a flexible pilot testing mechanism, and close coordination between local authorities and enterprises. He believes the "pilot first, then disseminate" approach accelerates the transformation of innovative achievements into real productive forces.
Azoulay emphasized that China is pursuing a high-level policy of opening up, which includes further expanding market access, institutional openness, and comprehensive improvement of the business environment. "For the global economy, a more predictable, rule-governed, and accessible market helps foreign companies better capture demand in China and integrate into regional value chains."
Looking to the future, Azoulay believes that through continued investment in areas such as new energy sources, energy storage, and electric vehicles, China is significantly lowering the global cost threshold for green technologies, allowing more countries to participate in the energy transition affordably. This will have a profound impact on the global economy.
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