China News Service, March 13 (Wei Chenxi and Meng Xiangjun) "Based on concepts such as new productivity and high-quality development, the Chinese government has proposed a new economic development model." As an international scholar who pays close attention to China's two sessions, Italy's Los Angeles Fabio Massimo Parenti, an expert at the Renzo Medici Institute of International Relations, said this in an exclusive interview with China News Service.
Fabio believes that China will continue to be an important engine of global economic growth, and the world will also benefit from China's development.
The West’s “unique window” to observe China
Fabio pointed out that as one of China's most important political events, China's Two Sessions provide a "unique window" for "Western people who have a relatively limited understanding of China's political system" to observe the entire process of China's people's democracy.
Fabio believes that China’s “people-centered democratic politics” brings together a wide range of representatives of Chinese society, including not only high-level officials, but also different sectors at the grassroots level, such as the media and scientific circles.
In addition, he also noticed that at the recently held 2024 China National Two Sessions, key words such as high-quality development, new-quality productivity and Chinese-style modernization have attracted the attention of overseas media and experts.
Fabio further pointed out that based on these ideas and concepts, the Chinese government is studying and formulating a new economic development model.
"China has been actively transforming its traditional economic growth model." He said that from renewable energy to quantum computers and industrial robots, China is vigorously developing strategic emerging industries and future industries, while focusing on transforming and upgrading traditional industries.
"China has been in the process of continuous innovation." Fabio said that since the 1980s, with the acceleration of innovation, China has been taking various measures to innovate its economic growth model.
He believes that "China's economic and social development will be even better, and we are feeling unprecedented vitality."
“The world will benefit from China’s development”
During China's Two Sessions in 2024, Chinese Premier Li Qiang pointed out in the government work report that China's export share of the international market has remained stable, the structure of actual use of foreign capital has been optimized, and the international influence and appeal of the joint construction of the "Belt and Road" have become more evident.
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Fabio expressed great concern for the Chinese government work report. He pointed out that this report provided profound insights into the important role China's economy will play in the new year.
He believes that "Chinese ideas" and "Chinese perspectives" are of great benefit to the international community, and this is reflected in many fields such as technological development, infrastructure construction, and production and manufacturing.
The projects proposed by China to jointly build the "Belt and Road" initiative and promote cooperation among various countries are even more powerful proof.
In 2024, the joint construction of the "Belt and Road" initiative will usher in a new stage of development.
Over the past decade, China-Europe freight trains have injected infinite vitality into the development of the Eurasian continent. Against the background of frequent geo-risks such as the Red Sea crisis and impacts on global logistics and supply chains, the role of China-Europe freight trains as a "stabilizer" has become even more prominent.
Fabio said in this regard that the China-Europe freight train has once again proved the importance of investment and cooperation between China and foreign countries under the guidance of the "Chinese Concept".
As new and old friends around the world become increasingly connected, new economic opportunities are opening up.
He also mentioned that China’s expected economic growth target in 2024 is about 5%, which is also a positive signal for the world.
"China will continue to be an important engine of global economic growth and will contribute approximately 30% of global growth in the new year." Fabio believes that the world will benefit from China's development and that the world will advance hand in hand with China.
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