China News Agency, Davos, January 20th, title: Looking forward to the China Economic Davos Forum, "What do heroes see alike"?
China News Agency reporter De Yongjian
"I am very glad that some gentlemen are full of confidence in China's future development. Heroes see the same thing." Director Weng Jieming said.
The current Davos Forum is held at a time when China is optimizing its epidemic prevention and control measures, and the "new chapter" of China's economy has attracted much attention.
From forums and seminars to industry insiders being interviewed by reporters from China News Agency, the observation and outlook on China's economic trend runs through the whole process.
The Brazilian president of the BRICS New Development Bank, Marcos Troyjo, emphasized the "head".
He recalled that when he joined the Ministry of Foreign Affairs of Brazil 32 years ago, China's R&D investment intensity (the ratio of R&D expenditure to GDP) was less than 0.6%, and now it has increased to nearly 2.5%, which is comparable to the average level of OECD member countries. The number of patent applications has already ranked among the top in the world.
Ma Ke pointed out that the landscape of globalization is evolving, and it is very important to drive development through innovation and build a talent-intensive economy; China is very open to the introduction of talents. Talent will continue to flow into China.
In addition, looking at the global economy, we can see that physical infrastructure and technological infrastructure are increasingly integrated, and China can play a leading role in this, thereby promoting long-term economic growth.
Ma Ke also said that since China is already a middle-income country, it is now facing more challenges in terms of productivity, innovation, and diversification. In the "new chapter" of China's economy, the driving role of the knowledge economy is very important. "This does not mean that It is a departure from the manufacturing industry, but the 'mind factory' and the 'manufacturing factory' complement each other."
Nicolas Aguzin, Group Chief Executive of Hong Kong Exchanges and Exchanges (HKEX), emphasized "pockets".
He introduced that since November last year, the Hang Seng Index, an important indicator reflecting the Hong Kong stock market, has increased by 40%, and the Hang Seng Technology Index has increased by 60%. Compared with 2022, the change is quite significant.
Ou Guansheng specifically mentioned that in the past, the savings rate of Chinese residents (as a proportion of disposable income) was generally 20% to 25%. In the past two years, due to the impact of the epidemic, the savings rate has increased to 35%. Excess savings", if the conditions are met, this huge deposit is expected to be released, stimulating market vitality, "we are very optimistic."
Like Marco, Ou Guansheng also noticed that China is fully promoting technological innovation, and its vigorous development has brought many opportunities. For this reason, the Hong Kong Stock Exchange is starting to reform the listing rules, and intends to allow special technology companies with no operating income Listed, in order to support emerging technologies such as artificial intelligence, quantum computing, and aerospace technology, and increase its attractiveness to technology companies.
Weng Jieming emphasized "openness" in the seminar.
He said that China's door to the world has always been open, and China's high-level opening up is not only beneficial to the Chinese economy, but also to the world economy.
Taking China's central enterprises as an example, Chinese and foreign enterprises can jointly build a stable supply chain, develop high-level technology, improve fair and just order, and jointly use China's ultra-large-scale market to achieve mutual benefit and win-win between enterprises.
At the same time, Weng Jieming said, "Openness must be two-way, and countries must be equal." Only reciprocal and common all-round opening can promote stable cooperation and achieve mutual benefit and win-win results.
At the end of the seminar, when asked to use one word to describe the "new chapter" of China's economy, Weng Jieming once again emphasized "openness". "Two words are 'open', and five words are 'high-level opening'".
(Finish)