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Economics focusing on "reality" and benefiting the world with "China reality"
Time: March 7, 2022 Author: News source: Xinhua News Agency [Font size: large | in | Small

   Commentary: Economics focusing on "reality" and benefiting the world with "China reality"  

   ——The second review of the world enlightenment of Xi Jinping's economic thought  

   With the changes of the times and the epidemic situation of the century, the momentum of the world economy is weakening and the recovery is weak. New ideas and actions are urgently needed to bring strength to continue to move forward.  

   Under the guidance of Xi Jinping's economic thinking, China has developed the real economy in a down-to-earth manner, strengthened its innovation strength, and fostered pragmatic cooperation. With a more solid economic chassis and stronger risk resistance, China has not only become a stabilizer and power source of the world economy, but also brought great enlightenment to countries to promote stronger economic recovery and achieve sustainable growth.  

   Xi Jinping's economic thought focuses on "reality", starting from the labor theory of value, coordinating the dual implications of economics and philosophy on value, firmly anchoring the starting point and main body of economic activities in production, manufacturing, innovation and other labor activities, leading the course of human development in the new era, and injecting real development power into a world full of uncertainty.  

 Economics focusing on "reality" and benefiting the world with "China reality"

   Focus on the real economy and anchor the foundation of development  

   "The real economy is the foundation of a country's economy and the source of wealth", "To improve its competitiveness, a country must rely on the real economy", "The real economy is the foundation of a big country"... General Secretary Xi Jinping stressed that the focus of development should be on the real economy, pointing out the direction for China's economy to move forward steadily, and also bringing inspiration to the development logic of the world economy.  

   The practical effect of Xi Jinping's economic thought is particularly remarkable under the epidemic situation.  

   At the beginning of the outbreak of COVID-19, there was a global shortage of anti epidemic materials. Auto enterprises produce masks, material enterprises produce disinfectant... Chinese manufacturing enterprises quickly "cross border" production, which not only meet domestic demand, but also export to support the global epidemic. The contribution of China's manufacturing industry to the stability of the global industrial chain supply chain has been confirmed again.  

   International observers believe that this reflects the difference in the economic composition between China and western countries between the manufacturing based real economy, and the sharp contrast between "entity based" and "de reality to virtual", showing the hard power of China's economy.  

   Based on the real economy, China has shouldered the "world factory" and "world market". For many years, China has been the world's largest manufacturing industry, the largest trade in goods, and the second largest consumer market. Its annual contribution to world economic growth has exceeded 30%.  

   Under the guidance of Xi Jinping's economic thought, China's economy has forged ahead and successfully withstood the severe test of the challenge of the epidemic.  

   In 2020, China will become the only major economy in the world to achieve positive growth. China's economy has shown great resilience under the epidemic crisis, bringing precious light to the world economy in deep recession.  

   In 2021, China's economic growth exceeded expectations, and its total economic output exceeded 110 trillion yuan, accounting for more than 18% of the global economy. The role of the "stabilizer" and "power source" of the world economy became increasingly prominent.  

   "China's supply chain has stood the test of the epidemic and played a key role in boosting confidence in the recovery of the world economy. China has the largest and most complete manufacturing system in the world and plays an indispensable role in the global industrial chain supply chain." Cai Weicai, senior vice president of Thailand Kaitai Bank, sighed.  

 Economics focusing on "reality" and benefiting the world with "China reality"

   Stimulate innovation strength and enhance development potential  

   "At present, a new round of scientific and technological revolution and industrial reform is accelerating, and the contribution of science and technology to improving social productivity is more prominent."  

   General Secretary Xi Jinping has a deep insight into the changes in the development stages and factors, and has promoted China to unswervingly implement the new development concept, transform the development mode, accelerate the formation of an economic system and development model with innovation as the main guide and support, and contribute China's wisdom and strength to the transformation and development of the world economy.  

   In the south of Kazakhstan, Zanatas, located in the Gobi Prairie, Jiangbul Prefecture, has a wide sky and a strong wind, and white fans line up under the blue dome.  

   This largest wind power project in Central Asia was constructed by Chinese enterprises, which not only effectively alleviated the power shortage and imbalance in Kazakhstan, but also enabled local "residents to have new jobs, finance to have new taxes, and cities to have new life".  

   Under the guidance of Xi Jinping's economic thought, China has joined hands with partners to write a new chapter of innovative development and vividly interpret the profound connotation of labor creating value.  

   From "Made in China" to "Created in China", China is speeding up on the road to the middle and high end of the industrial chain value chain. In February this year, China's third-generation nuclear power technology "Hualong No.1", which has full independent intellectual property rights, passed the British general design review and will be used for the construction of nuclear power projects in the UK, which is crucial for the UK to fill the energy gap and support economic development.  

   From "Chinese goods" to "Chinese services", China continues to lead the way in the integration of digital economy and real economy. From remote Africa to its neighbors in Southeast Asia, China has taken advantage of cloud computing, e-commerce, financial technology and other advantages to create a new business model, which not only promotes commodity trade among all parties, but also provides a realistic and feasible development model.  

   Relying on strong digital technology support, China ASEAN cooperation continues to extend to e-commerce, smart cities, 5G, artificial intelligence, big data, blockchain, telemedicine and other fields, and the construction of the "digital silk road" is getting better.  

   Lin Yuhui, Secretary General of ASEAN, said that it was expected that the digital economy of ASEAN countries would increase from 1.3% of GDP in 2015 to 8.5% by 2025. He believed that China's support would inject new vitality into ASEAN's digital transformation.  

   A China with faster pace of innovation and better quality of development will have a broader and stronger radiation effect, bring greater cooperation opportunities, and allow more countries to take the China Development Express.  

 Economics focusing on "reality" and benefiting the world with "China reality"

   Cultivate pragmatic cooperation and share development achievements  

   "It used to take an hour to an hour and a half to cross the river by ferry, but now you can cross the bridge in a few minutes." Looking at the newly opened Mekong River Bridge at home, Dardanu, a 31 year old Cambodian female civil servant, was overjoyed.  

   At the end of last year, the Stentorand Grochma Mekong River Bridge contracted by Chinese enterprises was opened to traffic, and from then on, the chasm became a thoroughfare. This bridge of friendship is an important achievement under the framework of the "Belt and Road", and it is also another example of China's deepening practical cooperation and expanding win-win space.  

   On the road of Sino foreign practical cooperation, there are not only "hard connectivity" in infrastructure, but also "soft connectivity" in rules and standards, and "heart connectivity" among the people of the country. On farms, fields, factory buildings and construction sites, Chinese and foreign builders shed sweat, sowed hope, and shared their hearts in the process of creating value.  

   "Teacher, I know!" In a classroom in Guinea Bissau, one hand was held high, and the students scrambled to answer the questions of Chinese experts. The Chinese agricultural technology expert group has been stationed in this West African country for more than 20 years and has completed more than 22000 person times of technical training. A large number of "flightless" technical talents have emerged to vigorously promote the revitalization of the local economy.  

   "China will promote the high-quality co construction of the" Belt and Road ", so that more countries and people can gain development opportunities and benefits." The words of General Secretary Xi Jinping convey China's sincere desire to share development achievements with the world.  

   Martin Jacque, a senior researcher at the University of Cambridge in the UK, said that the scale and possibilities of China's ongoing "Belt and Road" initiative are immeasurable. "The Belt and Road Initiative will change the world."  

   Under the guidance of Xi Jinping's economic thought, China's economic stability, with its strength in the forefront, has injected greater confidence into the world economy; China's entity based economy strives for progress in stability and adds more vitality to the world economy; China's pragmatic and cooperative economy benefits the world and creates more value for the world economy.