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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
Bishkek, December 29 /Xinhua/ — China's modern economy is demonstrating its ability to remain one of the most stable pillars of global development. The country is confirming its status as a significant engine of global economic growth. This was stated in an interview with Xinhua by Tolonbek Abdyrov, Doctor of Economics, Professor, and Vice-Rector of the International Higher School of Medicine in the Kyrgyz Republic.
“Despite external challenges—from trade disputes to geoeconomic turbulence—China has managed to maintain a confident balance between growing domestic demand and rapid technological innovation,” he said, adding that this combination makes the country not just a major economy, but a systemically important player on which global market dynamics largely depend.
"In recent years, China has confirmed its status as one of the most significant drivers of global economic growth," said T. Abdyrov. He noted that for many years, China's contribution to global economic growth has remained at approximately 30 percent, thereby generating large-scale and sustainable demand for products from around the world.
"Such foreign economic potential not only helps maintain price stability on international markets but also expands countries' access to a wide range of high-quality and relatively inexpensive goods," the expert emphasized.
China adheres to a policy of high-level openness to the outside world, which, according to T. Abdyrov, occupies an important place in the country's modern economic strategy.
"China is implementing a comprehensive set of reforms in trade, investment, and infrastructure development, including through the Belt and Road Initiative. Chinese international cooperation platforms, such as the China International Import Expo (CIIE) and various specialized forums, are becoming a true bridge between national economies, creating transparent conditions for cooperation and technology exchange," he said. "This approach strengthens market interconnectivity and makes the international economic space more equitable and inclusive for participants of all sizes—from small states to major economic centers."
The Kyrgyz economist also noted that China promotes a concept of globalization characterized by equal access and mutual benefit. This is expressed through its support for free trade, the expansion of experimental free economic zones, and participation in the modernization of international economic rules.
"China's integration into global production and logistics chains makes these chains more resilient, diversified, and reliable. As a result, all participants in the global economy benefit: supply stability is strengthened, and economic growth accelerates," he said.
China views domestic demand as a constant, key driving force and stabilizing anchor for economic development, which, according to T. Abdyrov, is of great importance for the country's development, especially in the context of growing external uncertainty.
"The country's leadership is committed to further expanding consumption, increasing household incomes, and stabilizing investment activity through targeted fiscal measures. This approach creates a strong domestic market, which serves as a kind of shock absorber against external shocks," added T. Abdyrov.
In his view, relying on domestic demand allows China to maintain macroeconomic balance without over-reliance on exports. "This contributes to more sustainable growth, diversification of the economic structure, and the development of a wide range of high-quality goods and services oriented toward both domestic and foreign markets," he emphasized.
According to the expert, China's experience is of significant value to countries seeking accelerated economic development. "Its evolution—from the creation of joint ventures and the development of technology transfer to the implementation of a program aimed at developing domestic production and a subsequent focus on indigenous innovation—demonstrates the effectiveness of gradual institutional and technological transformation," he said.
2026 will be the first year of China's 15th Five-Year Plan (2026-2030). China's most important contribution to the global economy over the next five years will be its leadership in the transition to green technologies and digital production systems, according to T. Abdyrov.
"China is actively investing in artificial intelligence, renewable energy, smart manufacturing, and Belt and Road Initiative infrastructure. These investments are not limited to national objectives. They are shaping a new technological architecture accessible to countries around the world," he said.
According to the Kyrgyz economist, the development of green energy, the digitalization of logistics, and the modernization of supply chains, in which China plays a central role, will help increase the sustainability of global production, reduce costs, and accelerate the transition to environmentally friendly solutions.
“As a result, not only China benefits, but all countries integrated into the global economy—more opportunities for trade, access to new technologies, and conditions for more sustainable development appear,” he concluded. –0–
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