Chinese-style modernization opens up global opportunities – WORLD

Chinese-style modernization opens up global opportunitiesThe 14th meeting of the National People’s Congress of China (NCP) this year and the 14th meeting of the National Committee of the People’s Political Consultative Conference (CHSDK) this year are the first two meetings to be held after the 20th National Congress of the CCP. During the two meetings, the question of how to promote Chinese-style modernization aroused great interest.The 14th meeting of the National People’s Congress of China (NCP) this year and the 14th meeting of the National Committee of the People’s Political Consultative Conference (CHSDK) this year are the first two meetings to be held after the 20th National Congress of the CCP. The commitment to making steady progress, accelerating economic recovery, effectively improving quality, and reasonable quantity in the Government’s 2023 Working Paper submitted for approval by the MNC, the supreme legislative branch, on March 5, attracted much attention during the two meetings. “The focus has been on growth. This report, which sets growth targets for China’s economy, has given the world rare confidence as pressures on the global economy intensify. Awareness of high-quality development is one of the key requirements for Chinese-style modernization. It was stated that the average annual growth rate reached 5.2 percent, it was also emphasized that achieving 3 percent growth in the Chinese economy in a difficult and unstable environment in 2022 was not easy, and that the economy showed strong resistance and huge potential.International Monetary Fund ( IMF), in its latest forecast, shows that global economic growth in 2023 will decrease by 0.5 percentage points compared to 2022. It was announced that it was determined at 2.9 percent. Against this background, it is advisable to set a growth target for China economy at about 5 percent, largely in line with market expectations. From a global tie to the Chinese economy is growing. Recently, many international organizations have raised their forecasts for China’s economic growth in 2023. The main tasks for China’s economic development this year include focusing on stimulating domestic demand, accelerating the construction of a modern industrial system, and making more efforts to attract and use foreign capital. and effectively prevent and mitigate major economic and financial risks. All of these initiatives not only help to firmly promote Chinese-style modernization, but also provide more opportunities for the world. Emphasis was placed on focusing on growing demand and prioritizing the recovery and expansion of consumption. Through a series of policy support measures, such as “increasing the income of urban and rural residents through various channels”, “promoting the recovery of consumption of life support services by maintaining the stability of consumption of goods”, the Chinese market is expected to play the role of “global common market” more perfect. The report, which talked about the increase in foreign capital in the Chinese market, also received confidence in the activities of foreign capital in the Chinese market. The regulation will provide a wider and safer development space for foreign enterprises to operate in China. Creating a favorable start for the comprehensive construction of a modern socialist country, which is the main requirement of China’s economic and social development this year. Long-term improvement of the Chinese economy the pair trend has not changed. The Chinese people have the necessary self-confidence to persevere in pursuing the future and to achieve joint benefits with the world.