Thursday, December 3, 2020

Putin: China is still the driver of the world economy

Russian President Putin said when attending an international investment forum on the 29th that China is still the driver of the world economy.

Few key persons in charge of foreign chambers of commerce in China and representatives of multinational companies also stated that China’s economic upswing has played a positive role in the recovery of the global economy and has also allowed global companies to continue to increase their confidence in the Chinese market.

In response, Chinese Foreign Ministry spokesperson Wang Wenbin said today that many foreign leaders, international financial institutions, and multinational companies have been optimistic about China’s economic development and expressed their confidence and expectations for China’s future growth.

Wang Wenbin said that communiqué of the Fifth Plenary Session of 19th Central Committee of the Communist Party of China just concluded that China has turned to a stage of high-quality development and will unswervingly implement new development concept of innovation, coordination, greenness, openness, and sharing to promote high-quality development.

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The theme is to deepen the supply-side structural reform as the mainline, with reform and innovation as the fundamental driving force, to meet the people’s growing needs for a better life as the actual goal, and to accelerate the construction of a domestic and international dual-cycle mutual promotion.

The new development pattern will realize socialist modernization in two to three to five years. The plenary communique mentioned more than 20 times about “reform” and “opening up”, expressing the need to persist in implementing wider, broader, and deeper opening up, build a new higher-level open economic system, comprehensively raise the level of opening up, and promote joint construction The high-quality development of the “Belt and Road” initiative opens up new prospects for cooperation and win-win cooperation, and sends a clear signal that China will continue to deepen reform and opening up and achieve mutual benefit and win-win results.

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Wang Wenbin said: “It is foreseeable that with the formulation and implementation of China’s fourteenth five-year plan for national economic and social development and the formulation and implementation of its two-three-five-year long-term goals, China’s development will once again reach a new level, and China and other countries will benefit each other. The cooperation will yield more fruitful results and inject stronger impetus into the recovery and long-term development of the world economy.”

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