President Xi Jinping responded to the "China's summit theory"

2024-03-29

On March 27th, a meeting in Beijing was particularly eye-catching. Why hasn't China collapsed and won't it reach its peak? One is having strength. The reasonable increase in quantity and effective improvement in quality go hand in hand, forming a dual support for China's economic strength. On the one hand, the Chinese economy grew by 5.2% year-on-year last year, ranking among the top among major economies, with an increase of over 6 trillion yuan alone, equivalent to the total economic output of a medium-sized country in one year, and contributing over 30% to global economic growth. On the other hand, China's economic structure continues to optimize, and emerging industries such as high-tech industries, green economy, and digital economy are flourishing. The export value of the "new three types" has exceeded the trillion yuan mark, and the formation of new quality productive forces is accelerating, injecting new impetus into economic growth. The simultaneous increase in quantity and quality remains the world's largest engine, demonstrating the certainty of stable economic growth in China. Secondly, there is potential. These advantages give the Chinese economy strong endogenous power, resilience, and potential, providing a solid foundation for stability and broad space for progress. Thirdly, there is motivation. Reform and opening up is an important tool for contemporary China to catch up with the times with great strides. China has always emphasized the importance of "eating reform meals" and "taking the path of opening up". On the one hand, it deepens market-oriented reforms, stimulates market vitality and social creativity; On the other hand, expanding high-level opening-up to the outside world and sharing development opportunities with the world. The continuous deepening of reform and opening up will continue to provide a driving force for China's economic development. Strength, potential, and drive constitute the cornerstone, confidence, and source of China's steady progress - looking at China from three dimensions not only allows us to see the present, but also the future. Blackstone Group, Bloomberg Group, FedEx, Qualcomm... Many American business representatives who participated in the collective meeting are long-term partners of China.

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