2024-04-03 05:11:45
The Chinese government has no doubt about the prospects for sustainable growth of the country’s economy. This was stated on Sunday by Prime Minister of the State Council of the People’s Republic of China Li Qiang at the opening of the China Development Forum at the Diaoyutai State Residence, Day.Az reports with reference to TASS.
“China’s economic recovery continues to consolidate and strengthen,” Li Qiang said. “The basis for the long-term improvement of China’s economy has not changed. As the second largest economy in the world, China’s economy has formed a stable foundation with strong resilience, great potential and sufficient vitality in its long-term development “.
He added that China, with a population of more than 1.4 billion people, has a super-large domestic market, with “the middle-income group constantly expanding.” “We have the world’s largest integrated transport network, power grid, 5G network and other infrastructure networks,” Li Qiang said.
The head of government said China’s contribution to global economic growth remains at around 30%. “We continue to maintain our position as the largest country in global merchandise trade,” he added. According to Li Qiang, trade and economic indicators for the first two months of this year indicate economic growth.
“We are actively promoting the deep integration of scientific and technological innovation and industrial innovation,” said the head of the Chinese government. Over 10 years, the share of added value of new technological industries of a strategic nature in GDP has increased from 7.6% to more than 13%, noted the Prime Minister of the State Council of the People’s Republic of China. In 2023, the scale of the digital economy in China will exceed 50 trillion yuan ($6.9 trillion), Li Qiang said. “Accelerated growth and the application of new technologies have not only led to the transformation and modernization of China’s economy, but also strongly supported global green development,” Li Qiang said.
The China Development Forum takes place in Beijing on March 24-25. It is attended by representatives of the Chinese government, international organizations, large companies from China and other countries, in particular the USA and European countries, as well as economists and experts from other fields. The forum is an important platform for the exchange of ideas and opinions between Chinese and foreign political and business circles.