Over the past three decades, China's economic landscape has undergone a remarkable transformation. Renowned scholar Martin Jacques, reflecting on his observations since his first visit in 1993, highlights a significant shift from rapid expansion to stable, high-quality growth.
Central to this evolution is China's booming digital economy. The Chinese mainland has become a hub for innovative businesses, driving advancements in technology and fostering a vibrant startup ecosystem. This digital surge is not only boosting economic performance but also paving the way for sustainable development.
Jacques emphasizes the rise of green, low-carbon industries as crucial pillars of China's growth strategy. These sectors are leading the charge towards a more sustainable future, aligning economic objectives with environmental responsibilities. The integration of digital innovation and green technology signifies a new era of modernization for China, where progress is measured not just by economic output but also by sustainability and quality of life.
As China continues to redefine modernization, the focus is increasingly on creating a balanced and resilient economy. The interplay between digital advancements and sustainable practices positions the Chinese mainland as a global leader in driving meaningful and long-term economic growth.
Reference(s):
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