In a world full of trade tensions and global uncertainties, China’s economic resilience has become a hot topic. At the 16th Annual Meeting of the New Champions in Tianjin, Chinese Premier Li Qiang highlighted that, despite changing international landscapes, China's economic momentum remains strong. 🚀
This resilience isn’t by chance. It stems from a multifaceted approach: strategic government policies, a robust industrial base, and strong domestic demand. As a manufacturing powerhouse, China leverages extensive supply chains, innovative tech clusters, and a massive market to keep exports growing even when trade uncertainties loom.
One of the key strategies lies in the country’s focused support for the manufacturing sector, which accounts for about 27% of China’s GDP—an impressive figure compared to the U.S., Germany, and Japan. Moreover, China is not just about traditional manufacturing. It’s also pushing forward in high-tech and green industries. For example, the added value of its intelligent UAV manufacturing surged by an awesome 74.2% in April, while production of new energy vehicles grew by 38.9%!
Premier Li also emphasized that China is keen to share its original technologies and innovative scenarios with the world, deepening industrial collaboration and global connectivity. This not only supports export growth but also boosts domestic consumption through job creation and higher incomes, paving the way for a more consumption-driven economic model.
As global markets continue to navigate complex challenges, China's dynamic blend of traditional strength and innovative progress offers an inspiring model for resilient growth in today’s fast-paced world.
Reference(s):
cgtn.com
