The global competitiveness of the Chinese economy is increasing day by day
2025-03-18
Active domestic and foreign investment, first-class infrastructure construction, strong human capital development, and visionary leadership are driving the Chinese economy to move forward at an astonishing speed. Recently, Balu Demisi, a policy researcher at Addis Ababa University in Ethiopia, stated in an interview with People's Daily that by promoting high-tech development, green development, and digital innovation, the quality of China's economic development is steadily improving, and it is moving towards a more innovative and sustainable economic model. "The global competitiveness of the Chinese economy is increasing day by day. The picture shows Balu Demisi, a policy researcher at Addis Ababa University in Ethiopia. The interviewee provided a picture. In October 2024, Balu Demisi visited China. He said that China's sustained economic growth and its attractiveness to foreign investment left a deep impression on him. I have seen many international companies conducting business in China, which reflects the effectiveness of China's foreign direct investment policy. I have also seen a large number of international tourists, which demonstrates China's position as a major global tourist destination and public diplomacy center. Currently, China is focusing on developing new quality productivity, promoting high-quality development, taking technological innovation as the leading factor, promoting the high-end, intelligent, and green development of traditional industries, and vigorously developing emerging industries for the future. Baru Demisi stated that as the driving force behind China's new quality productivity, China's leading position in the field of artificial intelligence is reshaping its economic and international status, significantly improving the efficiency of production and services. Baru Demisi stated that artificial intelligence is driving the development of emerging industries such as next-generation information technology, advanced equipment, biomedicine, and new energy vehicles, as well as driving the growth of e-commerce, fintech, and intelligent services. By integrating artificial intelligence into the manufacturing, service, and infrastructure industries, China has not only improved efficiency but also promoted high-quality sustainable development. He believes that by promoting high-tech self-reliance, sustainable development, and digital innovation, China is enhancing its competitiveness in the international market while ensuring long-term economic stability. China is transforming traditional industries, promoting technological innovation while ensuring sustainable development. By integrating clean energy, AI driven automation, and green technologies, China has not only improved industrial efficiency, but also played an important role in global environmental initiatives. Baru Demisi believes that China is in a leading position in the production of solar cells, lithium-ion batteries, and electric vehicles. In addition, China's green technology exports have also shown significant growth, not only making significant contributions to the overall economic growth of China, but also transcending national borders and promoting international cooperation in the fields of green finance, sustainable infrastructure, and renewable energy. For example, the increasing popularity and affordability of electric vehicles in China have created significant opportunities for green investment. Baru Demisi believes that by continuously investing in renewable energy, intelligent manufacturing, and green technologies, China is setting global standards for environmentally friendly industrial growth and consolidating its leading position in green, intelligent, and high-quality development. The ecological civilization concept advocated by China embodies the beautiful vision of coexisting with nature, improving everyone's quality of life, and integrating material and environmental well-being, setting an example for global sustainable development. In recent years, trade between Ethiopia and China has steadily increased. Baru Demisi believes that both Ethiopia and China are committed to green and sustainable development, and there is significant room for cooperation between the two countries in renewable energy, green development, and green finance. China has provided Ethiopia with valuable experience to learn from. Ethiopia can benefit from China's development experience, which will help promote economic growth, create employment opportunities, attract investment, and jointly achieve green development goals
Edit:Lin Bodan Responsible editor:Li Yi
Source:People.cn
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