CCTV News: The 2024 Government Work Report has triggered heated discussions among foreign financial institutions.

Economists from many foreign-funded institutions said that in the face of multiple difficulties and challenges, China's economy has delivered a good "report card" in 2023.

In 2024, the Chinese government has set an economic growth target of around 5%, which is crucial to stabilizing growth and boosting confidence.

The basic trend of China's economic recovery and long-term improvement has not changed and will not change.

　　Citigroup: China’s economy has made a significant contribution to world economic growth

　　Yu Xiangrong, chief economist of Citigroup Greater China, said that in 2023, China's economy will achieve a growth rate of 5.2% in the process of switching between old and new driving forces, and its GDP will exceed 126 trillion yuan, handing over a good job. The "report card" has also made a significant contribution to world economic growth.

Yu Xiangrong believes that the continued release of dividends from industrial upgrading will continue to promote high-quality development of the Chinese economy.

　　Yu Xiangrong, chief economist of Citigroup Greater China, said that in recent years, my country has made long-term achievements in stabilizing and protecting the chain, continuously increasing investment, and scientific and technological innovation has gradually become a leading force in the modern industrial system.

In 2023, despite the decline in global trade, China's new exports have maintained strong growth, and the "new three items" replacing the "old three items" have gradually become an important driving force for exports.

　　Morgan Stanley: The economic growth target of around 5% conveys positive meaning to the market

　　Xing Ziqiang, chief economist of Morgan Stanley China, said in an interview with reporters that the 2024 government work report, whether it sets an economic growth target of about 5% or increases fiscal support, has conveyed a message to the market. In a positive sense, he is optimistic about China's economic development prospects in 2024.

　　Standard Chartered Bank: Further opening up of finance provides opportunities for foreign institutions to expand investment

　　In the view of Standard Chartered Bank, the Chinese government’s proposal to “expand high-level opening up to the outside world and promote mutual benefit and win-win results” is making substantial progress.

Especially in the financial services industry, China has recently abolished restrictions on foreign shareholding ratios in banking and insurance institutions, providing convenience and market opportunities for foreign-funded institutions to deeply participate in China's financial market.

　　Read confidence and opportunities from China’s economic keywords

　　The international community pays close attention to the plans made by China's Two Sessions to further promote economic development.

International people said that they read confidence and opportunities from economic keywords such as "Chinese-style modernization" and "new quality productivity".

　　Sierra Leone President Bio said that China's global development initiative and other initiatives have corrected the direction of world development.

They look forward to continuing in-depth cooperation with China in a mutually beneficial and sustainable manner in the future.

　　Kuhn, chairman of the Kuhn Foundation in the United States, said that China's economy has shifted from focusing on quantity to focusing on quality. At China's Two Sessions in 2024, they will focus on new quality productivity, which can promote high-quality development and is conducive to China's modernization drive.

　　Kang Duanyan, a researcher at the Institute of East Asian Studies at the National University of Singapore, said that Chinese-style modernization is a unique process rooted in Chinese history, culture and social characteristics.

Chinese-style modernization focuses on the huge population size and common prosperity, and on the coordinated development of man and nature and green development. China's ideas provide useful reference for Southeast Asian countries.

　　Kevin, director of the National Museum of Fort Good Hope in South Africa, said that China is accelerating the development of new productive forces, including progress in fields such as artificial intelligence. This will not only benefit the Chinese people, but also countries around the world will benefit from this technological change.

　　Zogopoulos, a senior researcher at the Greek European and Foreign Policy Foundation, said that they are concerned about how China's scientific and technological innovation can promote modernization and promote high-quality economic development, because the better China develops, the better the world will be.

They look forward to China's development in economy, science and technology and other fields to inject new vitality into the world.