China’s steady economic growth drives global development
August 14, 2024 16:10 Source: "China Social Sciences Journal" Issue 2955, August 14, 2024 Author: Our reporter Liu Yuwei

  

 

   In the context of the slowdown in economic recovery in various countries around the world,The steady growth of China’s economy in 2023 is particularly eye-catching,Not only demonstrates the advantages of the socialist market economic system,It is also a reflection of the strategic vision and national governance capabilities of the Communist Party of China,Concentrated on the enhancement of national cohesion and improvement of identity,Accelerating the pace of self-reliance and self-reliance in science and technology,Continuous release of domestic demand potential,Actively build openness and inclusiveness with other countries、The new global economic pattern of interconnection, etc.。However,Some European and American countries that fail to scientifically understand the logic of China's economic growth frequently issue arguments such as "China's collapse theory" and "China's economic peak theory",Even labeled China’s rapidly developing new energy industry as “overcapacity”。Experts believe,The real purpose is to divert attention,Concealing the truth about economic stagnation and frequent social crises in Western capitalist countries。

Recently,This reporter interviewed Marcos Cordeiro Pires, a professor at the Department of International Political Economy at the State University of São Paulo in Brazil and an associate professor at the School of Economic Sciences at the State University of Rio de Janeiro in Brazil、Elias Jabbour, Advisor to the President of the BRICS New Development Bank。Two Brazilian scholars deeply analyze the internal logic of China’s economic growth against the trend,Discuss China’s unique advantages in accelerating the development of new productive forces,Witnessed China’s positive actions in the new global economic landscape,Rebuttal to neoliberal views that question and misunderstand China’s economy,Strive to present a comprehensive view、Stereo、The real image of China’s economy。

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 2023,China’s GDP exceeds 126 trillion yuan,Calculated at constant price,An increase of 5 over the previous year.2%。Pires said,Considering that the global economic situation is negatively affected by military conflicts and U.S. interest rate policies,China’s economic growth will achieve remarkable results in 2023。In recent years,Frequent natural disasters around the world,Causing huge material bet365 Play online games losses to the disaster-stricken areas,Resulting in a slowdown in the pace of global economic recovery。

China’s economic growth is unique。Pires said,Specifically,The socialist market economic system has successfully achieved the combination of national planning and the vitality of Chinese enterprises。In addition,The Chinese government actively seeks consensus at all levels of society。The Communist Party of China, with its outstanding leadership and scientific decision-making mechanism,Develop a development strategy that meets national conditions and people’s needs,To promote the common prosperity of all people。The Chinese government can discern social changes at home and abroad,Introduce a series of policies in a timely manner to deal with various challenges。The Chinese government does not stick to dogma,But insist on seeking truth from facts,Continuously explore the truth。

Jabor added,Compared with the capitalist economic system,China’s economy has avoided some of the disadvantages brought about by economic financialization to a certain extent。This shows,China’s resource allocation tends to support the production activities of the real economy,Continuously invest available resources into new production areas,Instead of relying too much on financial speculation to obtain profits。The unique political and institutional guarantees of the Chinese model,Political leadership derived from the Communist Party of China,As well as public production and financial centers composed of central enterprises and development banks at all levels。

  Accelerate the development of new productive forces

In Jabor’s opinion,Accelerating the development of new productive forces is a national strategy aimed at promoting high-quality development of industry and high-tech industrial chains through innovation and technological progress。New productivity refers to productivity based on cutting-edge technological innovation,Covered semiconductor infrastructure、Clean energy、New social management and service facilities and other fields。The formation of new productive forces cannot be separated from large-scale state-owned capital and its financial backbone,That is, the vigorous service of state-owned banks。Currently,China has basically formed a government、Enterprise、Innovation system jointly supported by scientific research institutes and universities,National Science and Technology Innovation System。Among them,Large state-owned capital played a key role in the evolution of the system。

The advantage of China in developing new productive forces is that China’s national scientific and technological innovation system is based on large-scale production and extensive bet365 live casino games public ownership of the financial industry。As this system continues to grow and develop,New productive forces will adapt to the various needs of the socialist market economic system。While China adheres to the basic socialist system,Promote your own development by leveraging the favorable factors of the global capitalist system,Also cooperate and compete with major capitalist countries on the international stage。This not only demonstrates the unique advantages of the socialist market economic system,It also demonstrates the resilience of China’s economic development。

Pires said,A correct and creative economic policy must be formulated based on the country’s current actual situation and long-term development trends。Human society is at a critical moment in the rapid development of science and technology,This not only heralds a series of innovative breakthroughs,It also means a series of pressing challenges,Such as the sustainability of the earth’s ecological environment、Effective governance of global climate change、Continuous improvement of people’s livelihood and well-being, etc.。Countries cannot simply copy historical solutions to deal with future challenges,But we need to explore innovative economic ideas。At such a critical moment,China accelerates the development of new productive forces,Absorb and integrate technologies such as artificial intelligence、Advanced Robotics、Biotechnology、Internet of Things device integration、New materials and new energy development and other emerging technologies,becomes particularly critical。

Since 2015,China in artificial intelligence、Remarkable achievements in the manufacturing of clean energy equipment and the production of hybrid and electric vehicles,China’s ability of independent innovation is obvious to all。

In addition,Pires also emphasized the concept of "necessity is the mother of invention",It means when a certain need becomes urgent,People will actively look for ways to obtain or realize it。Facing the United States’ containment and suppression of Chinese companies,China urgently needs to adopt innovative response strategies,To effectively overcome the resulting challenges。This not only involves independent technology research and development and industrial transformation and upgrading,Also includes building a more robust supply chain system,Strengthen international cooperation,Further releasing domestic market demand。China has laid a solid scientific and technological foundation,Fully capable of achieving an economic leap in the next decades or even years。

  Continue to expand domestic demand and boost consumption

Jabor thinks,Currently,China continues to emphasize expanding bet365 live casino games domestic demand and boosting consumption,We are taking the right path,The future development of China’s economy urgently needs to increase the proportion of domestic market and consumption。Of course,Investment and consumption should not be viewed as a zero-sum game,While increasing the proportion of domestic market and consumption, it is also necessary to maintain a high investment rate。

Pires said,Since the 2008 global financial crisis,International trade, as an important engine driving China’s economic growth, has begun to weaken。Since then,The Chinese government has adopted a number of strategies to compensate for the slowdown in export growth。Facing the impact of the global financial crisis,The Chinese government has decisively launched a large-scale investment plan,Focus on infrastructure and housing construction,Effectively maintaining the steady growth of China’s economy amid the global financial crisis。January 1, 2010,China-ASEAN Free Trade Area officially launched,By promoting the growth of bilateral trade and investment、Promote cooperation in emerging fields、Strengthening regional economic integration and other measures,Injecting stabilizing force into China’s economic growth。1991-2021,The scale of China-ASEAN trade has expanded by more than 100 times。2013,China launches the “One Belt, One Road” initiative,To promote regional economic integration,Work together to build the country and achieve common development and prosperity。In addition,The Chinese government strongly supports scientific and technological innovation and technological progress,Promote the internationalization of Chinese enterprises。These strategies are effective,Mainly reflected in the substantial increase in China’s average wage level and the comprehensive elimination of absolute poverty。

The Central Economic Work Conference to be held at the end of 2023 emphasized,We must focus on expanding domestic demand,Stimulate potential consumption。This economic strategy aims to lay the foundation for the further development of China’s economy,And foster new potential and skills in society。With the creation and introduction of new technologies,China’s public and private sectors need to improve scientific research、Cultivation of more talents in technology and management fields,To achieve the established economic goals。For example,The systematic development and modernization upgrading of the service industry contains huge growth potential and employment creation capabilities。2022,The Bet365 lotto review Beijing Winter Olympics not only injects new impetus into the vigorous development of China's sports industry,Also improved hotel and tourism infrastructure,Opens up horizons for the long-term development of related fields。

  Joining the Belt and Road InitiativeProvide new development paths

Talking about the achievements made in jointly building the “Belt and Road” initiative,Pires thinks,It has successfully opened up a new pattern of international development cooperation。Hydroelectric dams under construction or completed、Railway、Ports and many other infrastructure projects,We are optimizing and improving the landscapes of many countries,Promote economic development,Especially those countries that have difficulty obtaining project financing and technical support。These projects not only create employment opportunities for local residents,Laid a solid foundation for future investment。Take the China-Laos Railway as an example,In accordance with the investment philosophy of some Western companies pursuing quick returns,Building this railway may never be on the agenda。This is because it is only analyzed from a financial perspective,It seems difficult to balance Laos’ financial ability to repay loans and the cost-effectiveness of building railways in the short term。

April 13, 2024 is the first anniversary of the China-Laos Railway international passenger train,This important moment witnesses the key role of China-Laos Railway in promoting regional connectivity。The China-Laos Railway deeply integrates Laos with the Chinese market,Effectively promotes logistics in areas passing through、Travel、Trade and other economic activities,Promoting the Laos economy to a new and higher stage of development。Similar to the situation in Laos,Developing countries around the world receive support and investment from “One Belt, One Road” projects,Stimulated endogenous development momentum,Promotes social progress and regional economic integration。

Jabor said,Joining the Belt and Road Initiative not only represents China’s willingness to contribute to promoting global common prosperity,It also contains a deeper meaning。When the globalization process shows signs of decline due to the influence of American financial capital,China calls for a new concept of globalization,Focus on promoting a more balanced approach、The globalization process of inclusive and sustainable development,Respect the right of each country to choose its own development path and model,And committed to meeting the actual needs of countries receiving Chinese investment。It can be seen from this,Joining the Belt and Road Initiative provides countries bet365 live casino games around the world with a way out of the destructive influence of neoliberalism,New path to promote healthy economic development。

  Breaking the neoliberal mindset

Pires observed,Neoliberal politicians and economists mostly lack the ability to analyze the complexity and subtleties of China’s economic operations。They are limited by their personal ideologies,Only seen part of China’s economic development。It has been 35 years since the “Washington Consensus” was released,Neoliberal experts still adhere to a set of economic development strategies designed for developing countries,Although this strategy has been proven to fail many times around the world。For example,Jack Sullivan, Assistant to the President for National Security Affairs of the United States, once said,Over the past few decades,The United States is facing lagging community development、The financial crisis caused economic shock to middle-class families、COVID-19 exposes supply chain vulnerabilities、Climate change destroys lives, livelihoods and many other problems。“New Washington Consensus” as the new domestic and foreign economic policy of the United States,Promote protectionism and industrial and innovation policies based on state intervention,Revitalize American manufacturing,To face the competition with China。

Sadly,On the one hand,In developing countries,Local elites closely tied to the international financial system hinder discussions on new governance models。These economic and intellectual elites are still stuck in a fixed mindset,That is, there is no alternative to neoliberalism for economic development。Think tanks funded by large Western financial groups support a number of organizations in countries of the “Global South”,The purpose is to prevent developing countries from exploring new economic models。

On the other hand,China、Brazil and other BRICS members have played an irreplaceable role in discussing the economic development pattern of countries in the "Global South"。The latest expansion of the BRICS cooperation mechanism,Increased representation of countries in the Global South,The BRICS countries have made a voice that cannot be ignored in global governance。Pires thinks,We must emphasize the importance of “development” in a country overcoming its historical ills (such as poverty、Central position in the process of inequality and environmental destruction。Since neoliberal theory became the dominant international development theory in the early 1980s,The support mechanism of developed countries to developing countries once stalled。It was after the establishment of financial institutions bet365 live casino games such as the BRICS New Development Bank and the Asian Infrastructure Investment Bank,Only developed countries have restructured their support mechanisms for developing countries。

Jabor added,Looking at China from a neoliberal perspective,May make the same mistake as most Western economists。China’s economic system and the United States、Germany、The capitalist economic systems of Japan and other countries are fundamentally different,With distinctive Chinese characteristics。Therefore,If you analyze China in the same way as a capitalist country,Ignore China’s unique economic structure and social system。This approach is not only inappropriate,Also highlights the limitations of the analyst。China is actively promoting the world’s largest social reform and development plan,His achievements not only mark the innovation of the national development model,Also provides valuable research cases for the field of social sciences。China,Represents the future。

Editor: Cui Bohan
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