China's stable development means confidence and opportunities
2025-08-08
In the first half of this year, the Chinese economy continued its steady and positive development trend, with the growth and expansion of new quality productive forces, and high-quality development moving towards new excellence, delivering an impressive mid year performance report. Based on the strong performance of the Chinese economy in the first half of the year, the International Monetary Fund recently released an update to its World Economic Outlook report, significantly raising its forecast for China's economic growth rate by 0.8 percentage points this year, the highest among all major economies. International sources interviewed by our reporter stated that the Chinese economy has shown extraordinary vitality and resilience. We believe that as China is about to complete the goals and tasks of the 14th Five Year Plan with high quality and scientifically plan for economic and social development during the 15th Five Year Plan period, the pace of development of China's new quality productive forces will continue to accelerate. We look forward to China's high-quality development bringing more opportunities to the world. The Chinese economy has shown strong resilience in the face of external shocks, "according to data released by the Chinese Ministry of Commerce. In the first half of this year, the scale of China's service trade steadily increased and the structure continued to optimize. The total import and export volume of services exceeded RMB 3.8 trillion, a year-on-year increase of 8.0%. Among them, knowledge intensive service trade maintains growth. Despite the current geopolitical tensions and other factors that have brought many uncertainties to the world, the Chinese economy has demonstrated strong resilience in the face of external shocks. ”Steven Lynch, Director of International Trade at the British Chamber of Commerce, stated that the performance report of the Chinese economy in the first half of the year fully demonstrates the vitality and strategic driving force of the Chinese economy. Against the backdrop of weak global economic recovery, the Chinese economy has maintained a stable growth trend. The recovery of the Chinese consumer market, optimization of foreign trade structure, and impressive growth rate of emerging industries have left a deep impression on the vitality and resilience of the Chinese economy. ”Dennis Munene, Executive Director of the Central Africa Center at the Kenya Africa Policy Research Institute, stated that the impressive performance of the Chinese economy is inseparable from effective policies adopted by the government, such as the trade in policy for consumer goods, where ordinary people purchase high-quality smart home appliances at preferential prices, boosting consumption and promoting economic development. This provides important reference for the development of African countries. Dia Hermi, Secretary General of the Egypt China Chamber of Commerce, stated that despite facing complex and changing international situations, the Chinese economy has achieved steady growth in the first half of 2025, with continuous optimization of the economic structure, especially in high-tech manufacturing, which has performed outstandingly. The added value of high-tech manufacturing above designated size increased by 9.5% year-on-year. At the same time, China's service trade has achieved significant growth, which fully demonstrates the development trend of the Chinese economy towards a new and positive direction. The performance of the Chinese economy in the first half of this year has been very stable, not only maintaining growth in numbers, but more importantly, China has shifted its development focus to pursuing quality, which is particularly commendable. ”Ahmed Said, an expert on Chinese affairs in Egypt and the President of Egypt's Hikmet Cultural Industry Group, stated that he has lived and worked in China for many years and personally experienced China's progress in the field of innovation. China's rapid breakthroughs in the fields of new energy and intelligent manufacturing have made him deeply realize that China's innovation driven development strategy is not just a slogan, but a practical and feasible action. China is gradually becoming a leader in global scientific and technological development. This year marks the end of the 14th Five Year Plan, with significant progress made in the development of new quality productive forces. In the past five years, China has made new pioneering progress, breakthrough changes, and historic achievements in economic and social development, from achieving the first centenary goal to embarking on a new journey towards the second centenary goal, from building a moderately prosperous society in all respects to promoting common prosperity for all people. China is focusing on developing new quality productive forces, accelerating the transformation of old and new economic drivers, and gradually realizing the dividends of high-quality development. Since the implementation of the 14th Five Year Plan, China has focused on key areas such as innovation, green industries, and advanced manufacturing. High tech industries have developed rapidly, and new quality productivity has made significant progress, becoming an important force driving China's economic growth. ”Eduardo Regarado, a China expert at the Cuban Center for International Political Studies, believes that "China adheres to the strategy of innovation driven development, using technological innovation to promote industrial innovation, and the Chinese economy is moving towards a more sustainable development stage." Park Seong tsan, a professor at Longin University in South Korea and president of the Korea China Federation, said that during the implementation of the 14th Five Year Plan, China accelerated the upgrading of its industrial structure and technological self-reliance, achieving leapfrog development in fields such as artificial intelligence and new energy vehicles. This remarkable achievement reflects the efforts of the Chinese government in promoting the construction of an industrial ecosystem and institutional reform, thanks to the active participation of innovative enterprises in research and development, as well as strengthening the deep integration of industry, academia, and research, "said Park Seung zan. J ü rgen Kierster, Sales Director of Germany's Unimati Automation Company, told reporters that the company has established a joint venture in Kunshan, Jiangsu, focusing on the production of automotive shock absorbers, seats and other equipment. In recent years, with the continuous promotion of high-quality development in China, the cost-effectiveness advantage of China's supply chain is obvious. High quality mechanical components produced in China are highly welcomed by German customers, and the acceptance of Chinese manufacturing in the German market continues to increase. I have visited China more than 30 times and am delighted with the speed of China's economic development and technological innovation achievements, "said Kirster. On August 1st, Bosch Group of Germany officially completed the acquisition of Johnson Controls' global home and light commercial HVAC business and its joint venture shares with Hitachi in the Asia Pacific region. Bosch will add approximately 1200 employees in China, covering production and research and development positions, further improving its manufacturing and innovation system in China. China is not only one of Bosch's most important markets, but also an important force driving global innovation, "said Christian Fischer, Vice Chairman of the Board of Directors of Bosch Group in Germany." Chinese consumers are one of the most innovative driving groups in the world, and their sensitivity to quality and technology continues to drive companies to accelerate breakthroughs in product design, system integration, and digitization. "Fischer said that Bosch's research and development in China covers almost all business sectors and maintains close cooperation with local partners for a long time." Innovation is no longer a unilateral technology output, but a joint creation based on cooperation. Munenei stated that since the implementation of the 14th Five Year Plan, China has made remarkable achievements in the field of high-quality development, especially in areas such as humanoid robots and artificial intelligence models. Chinese technology has attracted worldwide attention. In the field of green development, China's development pace is also steady, and its installed capacity of renewable energy ranks first in the world. These achievements are mainly due to the scientific development plan and efficient execution of the Chinese government. The Chinese government encourages technological innovation and green development. Chinese companies have helped Kenya build a 5G network and upgrade the first geothermal power station - the Olkaria Phase I power station. More and more electric vehicles and motorcycles are driving on the streets of Africa. African countries, including Kenya, have also benefited from China's forward-looking strategic planning. ”Munene said. China has contributed innovative momentum to the global economy. Recently, foreign capital giants such as Hans Group, Temasek, Aned Capital, and US based Wanda Group have accelerated their layout in the Chinese market. The Global Sovereign Asset Management Research recently released by US asset management company Jingshun shows that the willingness of global sovereign investment institutions to invest in China has significantly increased, with 59% of surveyed sovereign wealth funds listing China as their primary or relatively preferred market. The steady growth trend of the Chinese economy continues to strengthen, and the acceleration of innovation vitality has contributed important impetus and certainty to world development. British investment management company Parkey Investments recently stated that China is undergoing a transformation and upgrading from "Made in China" to "Created in China", which will undoubtedly provide more development opportunities for foreign investors. The CEO of the company, Tim Campbell, is particularly optimistic about the long-term potential of the Chinese market. In his view, thanks to its vast consumer market and technological innovation capabilities, China has stronger resilience in dealing with geopolitical uncertainty. In recent years, China has contributed innovative momentum to the global economy by continuously leading high-quality development with new quality productivity; By promoting industrial upgrading and technological innovation, we provide guarantees for the stability of global industrial and supply chains. ”Legarado stated that in recent years, China has actively strengthened cooperation with Latin American countries in areas such as digital economy and new energy, providing more assistance for regional countries to achieve digital transformation and sustainable development. Monet expressed that China's upcoming "15th Five Year Plan" is highly anticipated. Looking forward to China's high-quality development bringing more opportunities and further promoting high-quality cooperation between Africa and China, such as developing more clean energy, achieving green development, cultivating more localized talents, and providing intellectual support for local economic and social development, "said Munene. UN Assistant Secretary General for Economic Development, Navid Hanif, stated that the UN and China share the same position and firmly believe that there is no winner in a trade war. He called on all countries to adhere to open cooperation and participate in the multilateral trading system. China is expanding its diverse trading partners and deepening South South cooperation to stabilize its supply chain and help developing countries achieve mutual benefit and win-win outcomes. Faced with the uncertainty of the current world, China's stable development means confidence and opportunities. ”Huang Zhenlong, Chairman of the Malaysia Silk Road Friends Club, stated that whether it is driving regional exports through imports or promoting infrastructure connectivity, green energy transformation, and coordinated development of industrial chains with an open attitude, China has become a key force in promoting global sustainable development. (New Society)
Edit:Yi Yi Responsible editor:Li Nian
Source:www.people.cn
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