Western media has frequently adopted a pessimistic stance towards the Chinese economy. These narratives reveal the underlying pressure and apprehension certain Western countries experience in the realm of economic competition. By downplaying China's economic prowess, their objective is to undermine China's global standing and influence.
Nevertheless, these portrayals often fail to acknowledge the remarkable resilience and long-term growth potential inherent in the Chinese economy.
China has maintained high-speed growth over the past few decades, establishing a solid foundation. Its economy has skyrocketed to become the world's second-largest, accompanied by substantial enhancements in per capita income and living standards. By implementing reform and opening-up, China has effectively attracted significant foreign investment and undertaken large-scale international industrial transfers, propelling domestic market expansion.
Admittedly, China's economic growth rate may have experienced a slight dip, but this is a result of China's shifting focus on enhancing its development quality. The country's emphasis on new productive forces determines the resilience of its economy.
Featuring high technology, high efficiency, and high quality, new productive forces stand as an integral imperative for China's modernization and pursuit of high-quality development. With innovation leading, these forces mean advanced productivity freed from traditional economic growth models.
Reference(s):
New productive forces determine resilience in Chinese economy
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