ForewordⅠ. Chinese economic resilience: A story worth retellingA tale of China’s economic resilience should be retold West should see China’s rise as opportunity China remains a powerhouse of global economy China seeks better lives for the people China’s planning conducive to growth Qualitative development a new benchmark for growth Worries about China’s reform unwarranted Why ‘quality’ Western media push fake GDP news Socialist market system drives growth Ⅱ. New quality productive forces driving innovationChina makes innovation new engine of growthWhy West misreads new development paradigmNew quality productive forces driving transformationNation charts course toward modernization Digital technology can boost economic recovery China’s advancements in global innovation dynamics inspiring Techno-industrial upgrade fuels development New quality productive forces need new industrialization New infrastructure can boost economy Smart transport drives high-quality growth Company innovations boost resilient economy, benefit consumers ‘Patient capital’ boosts new quality productivity Ⅲ. Realizing potential of primary, secondary, and tertiary industriesHigh-tech can help boost food security Sino-German agri-cooperation for mutual benefit The young lead new trends in consumption market Do you prefer digital ‘red envelopes’ Stable RMB conducive to high quality development Yuan meets all criteria to be a cross-border trade currency Market, rule of law at core of SOEs’ reform Private firms can play bigger role in quality growth Unified market will tap economic potential Improve standardization to build a unified market Ample room for growth of realty sector Urban renewal key to building smart cities Cultural industry can better tell China story Inbound tourism recovery key to overall sector’s health Ⅳ. Regional strategies to boost overall developmentHK pearl of Greater Bay Area Macao bridges China, Portuguese-speaking nations GBA facilitates robust SMEs’ development G60 corridor to boost innovation Northeast China eyeing economic renaissanceWestern region seeks quality growth The heartland poised for a historic leap Universities’ shift to Xiong’an serves dual purpose Ⅴ. Golden opportunities behind the ‘silver economy’Aging a challenge but also an opportunity Innovation new key to old problem of aging population Rising aging population does not necessarily slow down modernization ‘Silver economy’ could create golden opportunities All older people can benefit from ‘silver economy’ Ⅵ. Glittering chances in green transitionGreen power pilots new energy system Chinese devotion to shared sustainable future Low-carbon progress not equal to slow growth China devoted to a shared green future At the front of world’s energy transition Leverage critical minerals for Africa’s growth Ⅶ. China’s growth, world’s opportunitiesInnovation inspires China’s competitiveness Boosting China’s exports amid global restructuring Innovative workforce crucial for future reform Infrastructure cooperation could be an option For an innovative France-China partnership China-EU synergy can meet global challenges China’s growth offers opportunities to Europe Move forward with ASEAN amid challenges Indonesia’s EV sector open for business Building RCEP region into a big market Expediting digital trade contributes to modernization Railways help landlocked Laos embark on a journey beyond borders Asia-Pacific FTAs can coexist ROK can ride China’s quality development RCEP for green and sustainable development China-Brazil ties set to open new chapter Australia, China can put trade ties back on track Sino-Kazakh shared path to prosperity CPEC fully proves its real worth Only BRI truly meets infrastructure needs Chinese modernization benefits world BRI boosts Sri Lanka’s status as logistics hub Initiative rooted in history but oriented toward future China’s development enlightening for Global South China a key peaceful player in Global South
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The founding of the People’s Republic of China in 1949 was a significant milestone in the country’s history. Over the decades since then, China has undergone remarkable economic and social transformations, emerging as a key player on the global stage.With the PRC’s inception, the nation embarked on a journey from weakness and poverty to rejuvenation. Resolutely advancing toward the realization of that aspiration, it has successfully achieved its goal of eradicating extreme poverty by 2020, and it has now embarked on the next stage of journey with the objective of becoming a modern socialist country in all respects.The achievements of the past decades since 1949 have not only significantly enhanced the livelihood of the Chinese people but also underscored the opportunities the country’s development offers the world with the launch of reform and opening-up in 1978. And the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, 2024, which is as significant as the third plenum of the 11th CPC Central Committee in 1978 and the third plenum of the 18th CPC Central Committee in 2013, will profoundly further advance reform and opening-up.The transition from a primarily agrarian society to an industrial powerhouse has not only lifted about 800 million people out of poverty at home, but also helped alleviate poverty elsewhere in the world, with the nation’s contribution to the world economy having reshaped the global economic landscape and helping float the boats of many other economies. With its expansive market and manufacturing capabilities, China has become a focal point for global trade and investment, providing opportunities for businesses worldwide to access new markets and technologies.While some Western politicians and media view China’s economic growth through ideological lens, it is important to note that despite facing some economic headwinds, China’s current economic growth, though slower compared to its high-speed era, still maintains a strong momentum and it is more vigorous than many other economies, including several major developed countries. Moreover, the shift from quantity-driven growth to quality-driven growth is making its economic growth more sustainable and in so doing presenting new opportunities for emerging sectors and new collaboration opportunities for the global community.