China News Service, March 7 (Xinhua): The economic-themed press conference of the second session of the 14th National People's Congress was held on the afternoon of the 6th. The main leaders of China's five major economic departments took the stage and gave candid answers on key issues concerning China's economy, which attracted great attention from foreign media.
Many media outlets pointed out that China is confident in achieving a strong economic recovery.
"Confidence in strong economic recovery"
China's economic situation has received widespread attention.
International mainstream media such as Reuters and Agence France-Presse focused on the economic-themed press conference held during China's two sessions and noted that China is confident in achieving a strong economic recovery.
According to Agence France-Presse, Zheng Shajie, director of China's National Development and Reform Commission, pointed out at a press conference that the favorable conditions for China's economic development in 2024 will outweigh the unfavorable factors, and the economic rebound will be further consolidated and strengthened.
The Wall Street Journal of the United States stated that China has set its official GDP growth target for 2024 at around 5%, "demonstrating the world's second largest economy's confidence in economic growth."
Singapore’s Lianhe Zaobao quoted Yu Yongding, a member of the Chinese Academy of Social Sciences, as saying that China’s growth target of about 5% is “both necessary and feasible.”
The American Broadcasting Corporation (ABC) also noted that Chinese economic officials believe that the expected economic growth target of around 5% is achievable.
ABC pointed out that China will continue to issue ultra-long-term special treasury bonds, focusing on supporting the construction of scientific and technological innovation, urban-rural integrated development, coordinated regional development, food and energy security and other fields.
"Long-term strategy for high-quality development"
In 2023, China's final consumption expenditure will contribute 82.5% to economic growth, and consumption's fundamental role in economic development continues to increase.
Chinese Minister of Commerce Wang Wentao pointed out at the press conference that promoting the replacement of old consumer goods with new ones is not only a powerful measure to enhance the current economic growth momentum and consolidate the upward momentum, but also a long-term strategy to promote high-quality development.
The Washington Post analyzed that as China becomes richer, consumption plays an increasingly important role in promoting economic growth.
The US media noted that to stimulate consumption potential, China's Ministry of Commerce will promote two key tasks: on the one hand, promoting the replacement of old consumer goods such as automobiles, home appliances, home decoration, kitchen and bathroom, etc.; on the other hand, it will expand service consumption.
Developing new productive forces is the only way to promote high-quality development.
In terms of economics, this hot word has also attracted widespread attention from foreign media.
Bloomberg analysis pointed out that China has achieved some results in accelerating the development of new productive forces.
In 2023, China will replace Japan as the world's largest automobile exporter.
That same year, China added a record amount of new solar capacity, more than the total installed solar panels in the United States.
In addition, the US Consumer News and Business Channel (CNBC) also noted that China will continue to increase regulation this year to promote growth.
Zheng Shanjie pointed out that this year we will strengthen the overall coordination of fiscal, taxation, currency, employment, industry, regional and other policies, and implement comprehensive policies to form a synergy.
“China’s development is an opportunity”
"Kazakhstan Industrial News" reported in an article titled "China Opens the Door to Foreign Investors" that the 2024 Chinese government work report proposed that it will expand high-level opening up to the outside world and promote mutual benefit and win-win results.
China will increase its efforts to attract foreign investment and deepen multilateral, bilateral and regional economic cooperation.
The Russian Satellite News Agency quoted analysts as saying that China continues to advance in opening up to the outside world and is increasingly in line with international standards.
Moreover, for other countries, China's development is an opportunity. If we seize such an opportunity, we can achieve a win-win situation.
The Russian media also paid attention to various policies proposed by China, including in-depth implementation of the free trade pilot zone promotion strategy, improving the convenience of foreigners coming to China, promoting high-quality joint construction of the "Belt and Road" to deepen and solidify, and deepening multilateral, bilateral and regional economic development. Cooperation etc.
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