Foreign companies view the two sessions | Optimistic about China’s new goals and refute the theory of “China’s economy has peaked”

　　China News Service, Beijing, March 10 (China News Palace Hongyu, Wu Jiaju, Zuo Yuqing) In 2024, China has proposed an expected GDP growth target of about 5%.

Can China accomplish this goal?

When the outside world has different views on China's economic prospects, and some even advocate the "China's economic peak theory", as an integral part of the Chinese economy, it is also a bridge between China and the outside world. Foreign companies in China have a lot of discussions about this.

“China has the growth potential to achieve its goals”

　　Currently, global economic risks are accumulating and growth is slowing down.

Citibank, Goldman Sachs and JP Morgan predict that China's economy will grow by 4.6%, 4.8% and 4.9% respectively.

　　Against this background, China's proposed growth target of around 5% has been met with skepticism from the outside world.

However, in the view of many foreign companies in China, the target of about 5% is in line with economic laws and is also in line with the growth potential of the Chinese economy.

　　Cai Menghong, general manager of Herbalife China, said in an interview with China News Service that we believe that China’s GDP growth target of about 5% is in line with the trend of economic operation and the law of economic development.

Zhu Jinhua, managing partner of Vitel's China business, also said that this is a goal that is both challenging and comprehensively takes into account needs and possibilities, and sends a positive message to countries around the world and domestic and foreign companies.

　　"China has the potential to achieve this goal." Executives of foreign companies have conveyed this consensus to China News Network.

　　Akihiro Fukaishi, chairman and president of Epson (China) Co., Ltd., said that as the world's second largest economy, China has strong economic strength.

Regarding China's goal of GDP growth of about 5% in 2024, Epson believes that the Chinese economy has such growth potential.

　　Cisco Global Vice President and Greater China CEO Huang Zhiming also has the same view.

He said that the goals set by the Chinese government reflect the strong resilience and potential of the Chinese economy, as well as the government's confidence in stabilizing the overall economic situation and promoting high-quality development.

　　It is worth mentioning that China’s economic growth target for 2024 is relatively high among the world’s major economies.

Huang Zhiming believes that this sends a clear message at home and abroad: China is still capable of achieving stable economic growth and will remain the main engine of global economic growth.

It is more optimistic about China than international institutions. Where does the confidence come from?

　　Compared with international institutions, foreign companies are more optimistic and confident about China's achievement of its "new goals."

　　For senior executives of foreign companies, this "extraordinary favor" comes not only from the company's personal experience of developing in China for many years, but also from the new momentum of China's economy and the Chinese government's policies to promote development.

　　"In 2023, China's economy will rebound and improve, high-quality development will be solidly advanced, and it will continue to lead global economic growth, fully demonstrating the strong endogenous power, resilience and potential of China's economic development." Zhang Ying, President of Dassault Systèmes Greater China, told China Xinwang said.

　　As Zhang Ying said, China's economy continues to improve, which has deeply impressed the foreign companies involved.

This trust is rooted in the "empathy" experienced in China for many years.

　　Wang Qian, general manager of LinkedIn China, mentioned that since LinkedIn entered the Chinese market in 2014, it has personally experienced the rapid development of the Chinese economy and the passage of multiple economic cycles.

The target of about 5% is not only a reflection of confidence in China's steady economic growth, but also a firm commitment to the sustained and healthy development of China's economy.

　　Being exposed to the vast market, foreign companies take "reassurance".

Wang Yun, Signify's global senior vice president and president of Northeast Asia, said that China's economic environment continues to improve, coupled with China's market conditions full of potential, giving Signify unlimited confidence in the future development prospects of China's economy.

　　In addition to past report cards, the emerging new momentum of China's economy has also allowed foreign companies to see the vitality of the economy's long-term positive development.

　　DBS China President and CEO Zheng Sizhen said that China is in a dominant position in the "new three" (electric vehicles, lithium batteries, and photovoltaic products) industries that are critical to sustainable growth.

The "three new" industries will play a key role in achieving sustainable growth of China's economy.

China's 2024 GDP target illustrates that in a complex economic environment, the Chinese government will continue to be committed to stable growth while transitioning to high-quality development.

　　In addition, this year’s government work report once again proposed to increase efforts to attract foreign investment and promote high-quality joint construction of the “Belt and Road” to be deeper and more concrete.

　　“The Belt and Road Initiative provides huge opportunities for economic cooperation between China and participating countries. Continuing to promote policies such as jointly building the Belt and Road Initiative and attracting foreign investment will become one of the important means to achieve the growth target of around 5%. Zhu Jinhua said this.

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