日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / From the Press

Local to-do lists underscore China's economic vitality

Xinhua | Updated: 2025-01-28 07:44
Share
Share - WeChat
The skyline of Beijing. [Photo/VCG]

In the run-up to Chinese New Year, the local "two sessions" meetings, which recently concluded, have devised pragmatic roadmaps for high-quality growth in 2025, highlighting the Chinese economy's remarkable resilience and dynamic potential.

Provincial-level "two sessions" -- the annual meetings of provincial legislative and political advisory bodies -- generally take place before the national "two sessions" and offer a glimpse into the country's economic operations for the year ahead. The world's second-largest economy met its annual growth target in 2024, with GDP expanding 5 percent year on year thanks to a raft of pro-growth policies.

Based on government reports unveiled at local "two sessions," most of China's provincial-level regions have set their local GDP growth targets for 2025 at about 5 percent or higher. These local growth targets provide a clue to the prospects of the national economy in the final year of the country's 14th Five-Year Plan.

Guangdong, a manufacturing hub in south China, has announced a growth target of around 5 percent for 2025. In the past year, Guangdong became the first province to boast a GDP of 14 trillion yuan ($1.95 trillion dollars), exceeding that of the Republic of Korea.

Jiangsu province, another economic powerhouse, has projected growth of over 5 percent for this year, backed by a structural optimization strategy focused on "eliminating outdated production capacities" and "nurturing future industries." This approach of balancing quality with quantity is at the heart of China's sustainable economic development.

New quality productive forces, industrial upgrades and technological innovation have continued to figure prominently in local economic roadmaps. Beijing's government work report highlights a focus on 20 emerging sectors, including humanoid robotics, bio-manufacturing and new materials. Such initiatives will help solidify the foundation for economic stability and accumulate momentum for future progress.

Thanks to the country's visa-free policy and various incentives, cultural and tourism sectors expect a strong growth this year. The ongoing winter tourism boom and the upcoming Spring Festival holiday may well secure a good start in the sectors. Shaanxi province, a major tourism power in northwest China, reaped a double-digit growth in cultural and tourism income in 2024, the province expects a further growth of over 5 percent this year.

In response to fluctuating external demand, local governments have zeroed in on expanding domestic consumption as a key growth driver. Many provinces and cities are focusing on upgrading equipment and encouraging the replacement of old consumer goods, including automotive and household appliances.

Some regions also place emphasis on investment. Shanghai is pushing forward major projects with a total investment of 240 billion yuan. Such moves are set to create a positive cycle of investment and consumption to reinforce economic stability.

Far from retreating under external pressure, China is expanding its opening-up efforts to counteract the risks of de-globalization. Jiangsu is implementing measures to eliminate restrictions on foreign investment in the manufacturing sector, offering incentives for foreign enterprises to reinvest profits, and supporting pilot zones to attract foreign capital in industries like telecommunication and health care.

High-quality development and high-standard opening up are China's answer to an uncertain external environment. Local governments are putting them into practice.

Both the International Monetary Fund and the World Bank have recently raised their forecasts for China's economic growth in 2025. As China has been a major engine for global economic growth, this should be a shot in the arm for a world eager to walk out years of sluggish growth.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 中文无码日韩欧 | 污版视频在线观看 | 欧美一级片免费看 | 秋霞理论在线视频 | 在线免费国产 | 91高清在线观看 | 视频一区二区三区免费观看 | 在线午夜 | 天天色播 | 国产福利精品在线观看 | 精品欧美高清一区二区免费 | 午夜视频在线 | 久久久精品 | 一道本不卡视频 | 男女同床爽爽视频免费 | 免费福利视频在线观看 | 日韩欧美一区二区三区在线 | 国产精品系列在线 | 91国内精品久久久久免费影院 | 波多野结衣a∨免费观看 | 91精品电影| 欧美一区二区三区四区视频 | 一区二区三区视频在线 | 一区二区三区在线看 | 日韩欧美一区二区视频 | 大色综合 | 99久久99热久久精品免费看 | 亚洲欧美第一视频 | 国产浮力影院在线地址 | 激情亚洲| 2021精品国产综合久久 | 俄罗斯色妞18av | 国产成人精品美女在线 | 精品欧美一区二区在线观看 | 欧美一级毛片免费播放器 | 久久国产精品一区 | 人人爽人人看 | 色悠久久久久综合欧美99 | 九九99久久 | 亚洲国产视频一区 | 色综合色狠狠天天久久婷婷基地 |