Chinese Ambassador to the United States Xie Feng: The "theory of China's economic collapse" has repeatedly collapsed, and the "theory of China's economy peaking" has no factual basis
On the evening of February 5, 2024, the Chinese Embassy in the United States held a special Spring Festival reception for overseas Chinese academics with the theme of "Welcoming the Chinese New Year with Warmth".
In his speech, Ambassador Xie Feng pointed out that China's epidemic prevention and control has taken a steady turn, high-quality development has been steadily promoted, high-level opening-up has continued to expand, and the path of Chinese-style modernization has become broader and broader. China's economic report card is full of weight and good quality, with reasonable growth in "quantity" and a year-on-year increase of 5.2 percent in GDP, ranking among the best among major economies, with an increase of more than 6 trillion yuan alone, equivalent to the total economic output of a medium-sized country in one year; there is also an effective improvement in "quality", the role of consumption as the main engine is prominent, the formation of new quality productive forces has been accelerated, investment in high-tech industries has maintained double-digit growth, and the export volume of the "new three" has exceeded the trillion yuan mark. It has a solid foundation of "stability", has the advantages of a super-large-scale market, a complete industrial system, and a labor force of nearly 900 million, and a combination of policies such as increasing the issuance of treasury bonds, reducing taxes and fees, and lowering the reserve requirement ratio and interest rates has gradually taken effect; and there is a broad space for "progress", the middle-income group will reach 800 million in the next ten years, and the scale of the digital economy is expected to reach 15.7 trillion US dollars in 2027, and a number of high-end, intelligent, and green new pillar industries are rising rapidly. The "theory of China's economic collapse" has repeatedly collapsed, and the "theory of China's economy peaking" has no factual basis. Whether it is a tariff war, a science and technology war, or a cognitive war, they cannot stop the pace of China's high-quality development.
[Source: Chinese Embassy in the United States]