5 months ago

China's Growth: A Catalyst for Global Prosperity

China's growth is vital for global development, and the country will promote mutually beneficial cooperation and development to counter the zero-sum games being played by some Western economies. The expansion and structural optimization of China's economy will have a significant impact on global economic growth, with every 1 percentage point increase in China's growth rate boosting global economic growth by 0.3 percentage points. However, China's urbanization lags behind industrialization, and the country needs to accelerate the urbanization process to ease the short-term growth pressure and unlock long-term growth potential.

China Daily

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