China's economic landscape displays stable, diversified trend: economist
8 months, 3 weeks ago

China's economic landscape displays stable, diversified trend: economist

China Daily  

The logo of Boao Forum for Asia is seen in Boao, South China's Hainan province, March 25, 2024. MACAO - China's economic landscape is displaying a stable and diversified trend, said Maggie Xiaoqing Fu, a professor at the University of Macao, with positive prospects for the around 5 percent GDP growth target announced during the "two sessions." Fu also explained how the "new quality productive forces," a new concept in China's development, is poised to accelerate growth across the region. "By harnessing new technologies, industries, and formats, the Chinese economy can accelerate industrial upgrading, enhance innovation capabilities, and promote regional economic integration," she said, noting that it will also create a more open, inclusive, and beneficial economic pattern in the Asian region. On innovation and China's focus on digitalization and green development, she said the rapid development in sectors such as solar photovoltaics, electric vehicles, and lithium batteries elevates China's position in the global industrial and value chains and provides robust support for global efforts to address climate change challenges.

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