Everyone talks about the two sessions | Activate new productive forces. Singaporean scholars are optimistic about the high-quality development of China's economy.

　　China News Service, March 11 (Reporter Gan Tian) China’s National Two Sessions in 2024 have attracted the attention of the world. Chen Gang, deputy director of the Institute of East Asian Studies at the National University of Singapore, recently said in an interview with a reporter from China News Service that China’s economic development has entered a new stage, especially The development of new energy vehicles reflects China's emphasis on new productivity and its positive results.

　　Chen Gang said in the interview that China's two sessions play a very important role in the direction of China's political, economic, cultural, social and foreign policies throughout the year. They are also an important window for the world to understand China.

China's economic growth forecast targets announced during this period have also attracted attention from the outside world.

　　Regarding the main expected development goals in 2024, the Chinese government work report proposed: GDP growth of about 5%.

In this regard, Chen Gang believes that with the improvement of China's international competitiveness and the expansion of the domestic market, this expected goal is "practical and feasible" and can ensure social stability and promote "full employment." It also means that by 2035, China will The long-term goal of socialist modernization can be basically realized by the year.

　　Chen Gang also noticed that high-quality development and new productivity have become high-frequency words during China's two sessions in 2024.

In his view, "Both concepts emphasize 'quality'. This reminds people that today's Chinese economy (development) has entered a new stage and should not be measured by the perspective and standards of the past."

　　How to understand "quality"?

Chen Gang pointed out that firstly, whether the people can benefit from China's economic development is an important aspect; secondly, economic growth should not come at excessive costs, especially in the environmental field and social aspects, and China's economic growth has Intensive and high-quality technological and intelligent development.

　　"It can be said that the economy driven by new energy has higher quality," Chen Gang further pointed out, and China now has a late-mover advantage in the field of new energy, especially in new energy vehicles.

　　"Because we have seen that the traditional world automobile giants, especially countries like Japan and Germany, have long dominated the world's automobile production and exports. However, in recent years, due to their insufficient investment or insufficient attention in new energy, China's current Automobile (industrial development) has a tendency to overtake." Chen Gang said, this also reflects that China's emphasis on new quality productivity has achieved positive results.

　　Regarding the development prospects of China's economy, Chen Gang refuted the claims of "decoupling and disconnection" hyped by some countries and politicians, pointing out that China's economy and the world economy are constantly integrating and "have entered a new stage of development."

He believes that the world cannot do without China, especially in the field of consumption.

At the same time, multinational companies are also considering increasing investment in China in some areas.

"Because China today occupies an important and even irreplaceable position in the (international) industrial chain."

　　Data show that the overall scale of China's manufacturing industry has remained the first in the world for 14 consecutive years.

Among them, the growth rate of manufacturing investment has accelerated since August 2023, and investment in electrical machinery and equipment and other industries has achieved double-digit growth.

The "three new" products such as electric passenger vehicles, lithium-ion batteries, and solar cells also performed well.

　　Talking about global economic development, Chen Gang also mentioned at the end of the interview that the joint construction of the "Belt and Road" is an important way for China to deepen cooperation in various fields with countries around the world. Multiple cooperation projects have greatly improved the level of local infrastructure and promoted Economic growth.

As friendly neighbors, New Zealand and China have also achieved fruitful results in key cooperation areas such as trilateral cooperation in jointly building the "Belt and Road".

He looked forward to the two countries continuing to strengthen practical cooperation and deepen economic and trade ties in the future.

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