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Beijing, March 8, 2024 /PRNewswire/ — Beijing Review News Report:
China This year’s GDP growth target has been set at around 5%.The goal was revealed in the government activity report released by the Prime Minister. Li Qiang At the opening session of the 2nd session of the 14th National People’s Congress (NPC), Chinese supreme parliament, Beijing upon March 5th.
The second session of the 14th National People’s Congress, China’s highest parliament, opens in Beijing on March 5th (WEI YAO)
The report reviewed the country’s achievements over the past year and outlined its future direction. The expected GDP growth target is in line with last year’s growth target. China’s economy showed strength and resilience in her 2023, recording 5.2% year-on-year growth.
Han Baojiang, chairman of the China Market Economy Association, said the GDP growth target is realistic and inspiring, demonstrating the central government’s continued emphasis on the quality of growth.
The country remains an important driver of global development, with an economic recovery on track to contribute around 30 percent to global economic growth in 2023.
While further challenges continue, Chinese Economic recovery, overall recovery trend and long-term improvement trend remain unchanged. Chinese leaders have emphasized the importance of pursuing progress while maintaining stability. Consolidating and consolidating the momentum of economic recovery is of paramount importance.
“It would be great if China could meet its growth targets. China’s economy is so large that any level of growth will help its people.” China,and it is China We will contribute to the growth of the entire world. And a ripple effect is created. If China does well, China will also be consumed.” michael hartPresident of the American Chamber of Commerce ChinaSaid Beijing reviews.
The work report said: China Pursuing higher standards of openness and promoting mutual benefits. Specifically, we will strive to steadily improve the quantity and quality of foreign trade.
Minister of Commerce Wang Wentao mentioned this at a press conference. March 6th There are bright signs, Chinese The foreign trade sector maintained its growth momentum during the first two months of this year. Many companies are expanding their market presence by participating in exhibitions and expanding overseas.
To further improve foreign trade, China According to the report, it will strengthen support for import and export credits and export credit insurance, as well as improve cross-border payments, foreign exchange risk management and other related services.
The country will step up efforts to attract foreign investment. This includes shortening the negative list for foreign investment, i.e. the list of industries in which foreign investment is restricted or prohibited, and allowing foreign companies to participate in government procurement, bidding and standard-setting processes in accordance with the law. etc. are included. Equal position.
The report also said that all market access restrictions on foreign investment in manufacturing will be lifted, and market access restrictions in service sectors such as telecommunications and healthcare will be eased.
Services for foreign investors will also be strengthened. China It is a popular investment destination. Additionally, efforts will be made to facilitate access for foreigners to work, study and travel. China.
As a manufacturing powerhouse, China According to lead researcher Zhang Yansheng, the country has the largest and most complete industrial system and fully developed infrastructure, and is particularly vulnerable to the economic impact of the slow global economic recovery and the rise of protectionism. In the face of the current situation, the country is said to be becoming more attractive to foreign companies and investors.in BeijingChina International Economic Exchange Center.
The researchers went on to point out that: Chinese The huge market and huge demand are a strong incentive for foreign investors to set up facilities near Chinese customers “without having to suffer from relatively high labor costs.”
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Source Beijing Review
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