Connect with us

Foreign

Chinese Economy Demonstrates Precious Resilience

Published

on

By He Yin, People’s Daily

China recently unveiled its economic performance for 2024, revealing a total economic output of 134.9 trillion yuan ($18.44 trillion), marking a 5.0 percent increase from the previous year. This not only highlights the robust resilience of the Chinese economy but also presents a promising outlook for high-quality development to the world.

In the midst of a sluggish global economic recovery, the resilience of major economies holds significant value. 

Confronted with a complex and challenging landscape characterized by mounting external pressures and internal obstacles, China achieved a milestone in 2024 as its total economic output exceeded 13 trillion yuan for the first time. 

With a growth rate that places it at the forefront among major world economies, China continues to serve as a pivotal driving force for global economic expansion.

Pierre-Olivier Gourinchas, chief economist of the International Monetary Fund (IMF), characterized this development as an “positive surprise.” Subsequently, the IMF revised its growth projections for the Chinese economy in 2025 upwards in its most recent World Economic Outlook report.

Every day in China, the economy buzzes with activity: 80,000 vehicles are freshly minted, 3.4 million smartphones are crafted, and over 470 million parcels embark on their journeys. These staggering numbers vividly illustrate the sheer dynamism of China’s economy.

With a robust economic foundation, a colossal market, and a comprehensive industrial ecosystem, China stands resilient in the face of risks and challenges.

Despite deepening adverse impacts from external changes, as well as the difficulties and challenges confronting China’s economy, the country’s economic strength, technological prowess, and overall national strength have reached new heights, with a more solid foundation, better conditions, stronger driving force, and enhanced resilience against risks. 

China is capable of translating various favorable factors into tangible development achievements, propelling the economy to continue its positive trajectory. 

Sir Sherard Cowper-Coles, chair of the China-Britain Business Council, remarked that the overall trend of China’s economic growth is highly positive, and China will continue to develop and play a significant role in shaping the world’s future.

A foreign journalist who recently visited rural areas in China highlighted the country’s innovative use of high technology to enhance food production. This included practices like vertical vegetable farming and the use of drones for monitoring and managing agricultural activities. These advanced techniques showcase how new quality productive forces are driving China’s development towards higher quality and efficiency.

In the past year, China’s economic structure has undergone further optimization, as evidenced by the value added of high-tech manufacturing enterprises above the designated size increasing by 8.9 percent. This growth rate surpassed that of the overall industry and equipment manufacturing sectors, highlighting the significant progress in China’s high-tech manufacturing sector.

The value added of the information transmission, software, and information technology services industries all experienced double-digit growth. Additionally, there was a notable increase in the production of new energy vehicles, integrated circuits, industrial robots, and other products. These developments underscore China’s focus on industrial upgrading and evolution.

China is steadfastly advancing high-level opening up, demonstrating a strong sense of responsibility amidst the intensification of trade protectionism and the trend of global economic fragmentation. 

In 2024, China’s total import and export volume reached 43.8 trillion yuan, marking a five percent increase and hitting a historic high. The country is steadily expanding institutional opening up, deepening institutional reforms for promoting foreign investment, introducing more policies for voluntary and unilateral opening up, expanding the globally oriented network of high-standard free trade areas, and comprehensively relaxing and optimizing visa-free transit policies. 

China’s endeavor to promote high-quality development through high-level opening up is another important reason for the strong resilience of the Chinese economy. 

According to statistics, in 2024, China’s investment structure continued to improve, with 52,000 foreign-funded enterprises established in the first 11 months, with total investment of 749.7 billion yuan. 

Marcos Pires, director of the Institute of Economics and International Studies at Sao Paulo State University in Brazil, believes that China’s ongoing commitment to reform and opening up has not only driven its own development but also facilitated its integration into the global economy, consistently contributing to the progress and prosperity of the world.

The dominating trend of a sound Chinese economy for the long term and the elements supporting it have not changed, and the momentum for high-quality development remains unchanged. Despite the challenges on the path ahead, China is confident in its ability to continue driving high-quality economic growth, bringing new surprises and opportunities to the world. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Foreign

China’s Ninghai county produces 60 percent of world’s trekking poles

Published

on

By Liu Junguo, People’s Daily

At a sports equipment store near the Milan-Cortina Winter Olympics venues, shelves are filled with all kinds of winter sports gear. Among the items, a pair of beginner ski poles prominently displays its origin: “Made in China.” 

These poles hail from Ninghai county in Ningbo, east China’s Zhejiang province. This region, a powerhouse in outdoor equipment manufacturing, exports over 15 million ski and trekking poles annually to global markets.

Today, Ninghai commands nearly 60 percent of the global trekking pole market, with an annual output value approaching 1 billion yuan (about $145 million). Starting from scratch, the county has spent over two decades cultivating the industry and building technical expertise. It now boasts a complete  of Ninghai Better Outdoor Products Co., Ltd. (Better), visitors are greeted by a diverse array of trekking poles. One standout item is a training pole designed for novice alpine skiers. Made from aviation-grade aluminum alloy, the ski pole weighs less than 200 grams, offering both lightness and strength. Its handle, crafted from specialized materials, features an ergonomic design for trekking pole supply chain and is home to numerous well-known manufacturers and exporters.

Stepping into a showroomadded comfort.

“Overseas orders for this specific product for the 2025-2026 snow season alone have exceeded 800,000 units, a 30 percent increase year-on-year,” said Zhu Xuefeng, general manager of the company.

Better exemplifies the success story of Ninghai, but its origins trace back 26 years.

In 2000, Hu Jinxue from Ninghai came across aluminum alloy trekking poles from Germany at an overseas trade fair. He quickly recognized the potential of the outdoor equipment industry.

“At the time, Ninghai had a solid base in aluminum alloy forging, but its products carried low added value. Local enterprises were eager to upgrade, yet lacked a clear direction,” Hu recalled. 

After returning to China, he founded his company Xingda, introduced advanced technologies, and began producing trekking poles.

Leveraging strong expertise in metal processing and sustained technological upgrades, Xingda has grown into a leading industry player over the past two decades.

Even in its early stages, Ninghai adopted a forward-looking approach by identifying trekking poles as one of its key industries. A series of targeted measures has since helped turn it into a sector with an annual output approaching 1 billion yuan.

Inside Xingda’s smart factory, robotic arms move with precision, nano-level ironing activates fiber properties, and intelligent winding systems from dense, layered structures. Remarkably, within just 15 seconds, a roll of carbon fiber fabric is transformed into the high-strength shaft of a premium ski pole

As a key raw material for outdoor equipment such as ski poles, carbon shafts have long been expensive and subject to lengthy procurement cycles. Five years ago, Xingda still relied heavily on imports.

At that time, China depended on foreign suppliers for more than 90 percent of its high-end carbon fiber products, leaving independent innovation as the only sustainable path forward. Xingda responded by investing 70 percent of its annual profits into building a carbon shaft production facility and assembling a research team led by PhDs in materials science. After three years of intensive research, the company overcame key technical bottlenecks and achieved self-sufficiency in this critical material.

This breakthrough not only ensured stable supply and reduced costs but also led to a substantial leap in quality: Xingda’s carbon shafts are now 20 percent stronger than those produced by leading international brands..

Innovation is gaining momentum across Ninghai. Local manufacturers have filed more than 90 domestic patents, including utility models and industrial designs.

“This is one of our newly developed ski poles, designed to deliver high performance with environmental sustainability,” said Zhu Zhenkun, general manager of Ningbo Eastdragon Hardware Co., Ltd. (Eastdragon), displaying a sample. The eco-conscious design has proven highly popular in overseas markets.

In recent years, Zhu and his team have expanded internationally, where increasingly stringent carbon certification standards in Europe and the United States pose new challenges. In response, Eastdragon has not only improved product quality but also embedded green principles throughout its manufacturing process.

During production, leftover aluminum is recycled and reused, while new materials and processes are continuously explored. “After extensive testing of different handle materials, our research and development (R&D) team selected a biodegradable seaweed-based material,” Zhu said. “Handles made from this material offer a more comfortable grip and help reduce water use and carbon emissions.”

From a single product to a thriving industry, trekking poles have become a driver of local growth. Today, Ninghai has developed a complete industrial chain covering R&D and design, materials processing, component manufacturing, final assembly, and brand operations.  Today, the county hosts 34 leading enterprises and innovative small and medium-sized businesses within this specialized sector, solidifying its position as the world’s foremost center for trekking pole production.

Continue Reading

Foreign

China implements measures to counter Japan’s accelerating remilitarization

Published

on

By Zhong Sheng, People’s Daily

China’s Ministry of Commerce has announced the placement of 20 Japanese entities involved in enhancing military capabilities on its export control list. A further 20 Japanese entities, where the end-users and end-uses of dual-use items cannot be verified, have been added to a watch list.

These actions are taken to safeguard China’s national security and interests, fulfilling international non-proliferation obligations, and prevent Japan’s pursuit of remilitarization and nuclear armament. 

The measures are fully justified, reasonable, and lawful, demonstrating China’s commitment to the rule of law and its responsibilities as a major country.

This follows China’s January 6th announcement of strengthened export controls on dual-use items to Japan. The latest move explicitly names specific companies, translates earlier restrictions into targeted, enforceable, entity-based controls designed to effectively safeguard national security and regional peace and stability. 

According to international legal instruments such as the Cairo Declaration, the Potsdam Proclamation, and the Japanese Instrument of Surrender, Japan is required to be fully disarmed and must not maintain industries that would enable its rearmament. 

However, a number of Japanese companies, including Mitsubishi Heavy Industries, IHI Corporation, and Kawasaki Heavy Industries, have long been active in the defense sector, producing equipment such as naval vessels, fighter aircraft, and missiles. 

For instance, multiple subsidiaries of Mitsubishi Heavy Industries have participated in the development of Japan’s hypersonic weapon system, the Hyper-Velocity Gliding Projectile for remote island defense. Vessels built by Mitsubishi Shipbuilding have not only supported Japan’s maritime activities related to the Diaoyu Islands, but have also been supplied to the Philippine Coast Guard for use in the South China Sea, posing risks to regional peace and stability. 

China’s measures represent a targeted response to curb Japan’s development of offensive military capabilities and to uphold international law and the post-war international order.

Japan’s push toward remilitarization is following a clear trajectory, with a new military-industrial complex rapidly taking shape. 

In recent years, Japan has accelerated its military buildup, with defense spending rising for 14 consecutive years from fiscal 2012 through fiscal 2026, and effectively doubling within three years since 2022.

State-driven support has enabled Japanese defense contractors to reap substantial profits, even fueling what some describe as a “defense bubble” in capital markets. Data show that since November 2022, the stock price of Mitsubishi Heavy Industries has surged by more than 650 percent, IHI Corporation by over 480 percent, and Kawasaki Heavy Industries by more than 280 percent. In stark contrast, Japan’s manufacturing sector has recorded an average annual growth rate of less than 1 percent over the same period.

Since Sanae Takaichi assumed power, Japan’s remilitarization process has noticeably accelerated. War preparedness has been elevated to an overriding national priority, with further support extended to defense-related interest groups. 

Reports indicate that the Japanese government plans to address defense funding gaps through large-scale bond issuance and a special income tax, while also preparing to establish a “national intelligence agency” this year. 

In a recent policy speech in the House of Representatives, Takaichi asserted that Japan must fundamentally strengthen its defense capabilities and pledged to clearly communicate defense procurement needs to industry. These steps are likely to further bind Japan’s defense spending to specific industrial and corporate interests, creating a self-reinforcing cycle.

At the same time, right-wing forces in Japan have shown a growing ambition to pursue nuclear capabilities. In recent months, some Japanese politicians have openly advocated for nuclear armament and sought to revise the long-standing “Three Non-Nuclear Principles.” 

It is widely recognized as a “nuclear-threshold state,” having long produced and stockpiled plutonium far exceeding civilian needs. By the end of 2024, Japan possessed as much as 44.4 tons of separated plutonium. 

With a complete nuclear fuel cycle and advanced nuclear industry capabilities, Japan is technically capable of producing weapons-grade plutonium. Should right-wing political forces push Japan across the nuclear threshold, it would represent a severel breach of the global nuclear non-proliferation regime. 

A recent commentary by Singapore’s Lianhe Zaobao noted that nuclear non-proliferation remains central to international politics, and that Japan’s pursuit of nuclear weapons runs counter to the interests of Southeast Asia, where reducing arms races and minimizing the risk of conflict are essential to regional stability.

Japan’s remilitarization and nuclear ambitions pose a serious threat to regional peace and stability. The lessons of history make clear that appeasement of militarism amounts to a betrayal of peace. Countering the rise of right-wing forces in Japan requires concrete actions.

China’s law-based control measures aimed to prevent dual-use items from feeding into Japan’s military expansion and firmly curb any resurgence of militarism. China will work together with all peace-loving countries to uphold the post-war international order and jointly maintain regional security and stability.

Japan’s right-wing forces should recognize that a return to militarism leads only to self-destruction.  Any reckless attempt to challenge international justice and the global order is bound to meet firm resistance from the forces of justice around the world.

(Zhong Sheng is a pen name often used by People’s Daily to express its views on foreign policy and international affairs.)

Continue Reading

Foreign

Integrating grassroots Perspectives into China’s legislative process

Published

on

By Zhang Tianpei, People’s Daily

Shanghai recently hosted a legislative consultation meeting on the draft law on promoting ethnic unity and progress at the Gubei civic center in Changning district’s Hongqiao subdistrict. 

The meeting fostered an engaged discussion, with attendees — including deputies to the National People’s Congress (NPC), academics, legal professionals, and members of non- Communist Party of China political parties — offering a wealth of valuable insights.

For Sheng Hong, an NPC deputy and Party branch secretary in the local Ronghua No. 4 Residents’ Community, this marked her 11th such consultation meeting within a year.

“Over the past year,” Sheng noted, “the scope of these legislative consultations have covered critical areas like ecological and environmental protection, urban governance, and public well-being. Participants contribute diverse perspectives and specific revision suggestions based on their professional expertise. This process effectively integrates grassroots voices and professional insights, ensuring draft laws are more grounded in reality.”

Sheng reflected on the evolution of public participation. Initially, residents visited grassroots legislative outreach offices primarily to understand how laws are made. Gradually, she observed, they evolved from passive recipients of legislative information into active advocates for legal awareness. Today, a robust network for gathering public opinion has taken shape, with participation expanding significantly.

A notable moment came in July 2025, Sheng recalled, when the State Council issued guidelines on gradually implementing free preschool education. Residents who had previously contributed to consultations on the draft preschool education law felt a profound sense of accomplishment.  “They recognized that ideas debated at our grassroots offices were being reflected in national policy,” Sheng explained.

She emphasized the shifting public expectations: “The focus is no longer just on whether laws exist, but on their effectiveness, practicality, and ability to solve real-world problems.” During the legislative process of the preschool education law, factors such as demographic changes in school-age populations and household financial capacity were fully considered. 

The resulting legislation aims to encourage increased government investment to reduce family burdens while simultaneously strengthening kindergarten teaching staff and improving facilities. “Beyond ensuring access,” Sheng stated, “the law actively addresses the public’s demand for high-quality early education, enhancing its relevance and timeliness.”

Promoting “public well-being” with “public voices,” a steady stream of practical, experience-based legislative suggestions is being conveyed from grassroots legislative outreach offices to the Great Hall of the People for legal adoption.

To date, the Legislative Affairs Commission of the NPC Standing Committee has set up 60 local legislative outreach offices nationwide. Additionally, provincial and city-level legislatures operate a network of over 7,800 such offices. In 2025 alone, opinions and suggestions were solicited from these offices on 26 draft laws, yielding more than 34,000 submissions, many of which have been adopted in legislation.

“Matters of the people should be discussed by the people themselves,” Sheng said. “As an NPC deputy from the primary level, I will continue to stay close to the people, listen to their voices, pool their wisdom, and bring more of their views to the Great Hall of the People, contributing to the practice of whole-process people’s democracy at the grassroots level and to improving the quality of legislation.”

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.