{"id":707,"date":"2025-07-11T14:04:08","date_gmt":"2025-07-11T10:34:08","guid":{"rendered":"https:\/\/ictcshanghai.com\/getting-to-know-the-chinese-economy-through-two-important-meetings\/"},"modified":"2025-07-24T19:01:36","modified_gmt":"2025-07-24T15:31:36","slug":"getting-to-know-the-chinese-economy-through-two-important-meetings","status":"publish","type":"post","link":"https:\/\/ictcshanghai.com\/en\/getting-to-know-the-chinese-economy-through-two-important-meetings\/","title":{"rendered":"Getting to know the Chinese economy through two important meetings"},"content":{"rendered":"

Author and compiler: Ebrahim Yousef Nejad
\n<\/strong>All rights and intellectual property rights of this note are reserved for the Iranian Trade Center in China.<\/strong><\/p>\n

In an analytical note, Chinese Ambassador to Iran Chang Hua has discussed the results of two important sessions of the National People’s Congress and the Chinese People’s Political Consultative Conference, providing a clear picture of the country’s economic situation and development prospects. These two annual meetings, which have just concluded successfully, are considered “an important window for a full understanding of China’s economic achievements and development prospects.”<\/strong> <\/p>\n

Resilience and vitality: a foundation for sustainable development <\/h2>\n

Remarkable achievements of 2023<\/h3>\n

China’s economy has performed exceptionally well in 2023. Citing official statistics, Chang Hua stressed that “China’s GDP last year exceeded 126 trillion yuan, up 5.2 percent from 2022.”<\/strong> This figure is not only higher than the expected global growth rate of about 3 percent, but also puts China “among the best major economies in the world.”<\/strong> <\/p>\n

Emphasizing the magnitude of this economic growth, the Chinese ambassador noted that “calculated at comparable prices, China’s economy grew by more than 6 trillion yuan last year, which is equivalent to the annual economic size of a medium-sized country.”<\/strong> This figure reflects the depth and breadth of China’s economic growth.<\/p>\n

The engine of global economic growth<\/h3>\n

One of the most important points raised by the Chinese ambassador was the country’s pivotal role in global economic growth. He cited a report by the International Finance Corporation that stated that “in 2023, China’s economy contributed 32 percent to global economic growth, maintaining its position as the world’s largest economic growth engine.”<\/strong> <\/p>\n

These statistics show that China not only has a strong domestic growth engine, but also acts as the main driver of the global economy. Chang Hua confidently declared that “the truth has proven that the Chinese engine is still strong, and the Chinese-style economic growth miracle will also belong to China in the future.”<\/strong> <\/p>\n

Trust and confidence: innovation and sustainable development <\/h2>\n

Vision 2024<\/h3>\n

For 2024, China has set ambitious goals. Chang Hua noted that “in the government work report, the expected target for China’s economic growth in 2024 was set at around 5 percent, which is basically in line with the economic growth potential.”<\/strong> <\/p>\n

China’s structural advantages<\/h3>\n

The Chinese ambassador listed four fundamental advantages of the Chinese economy:<\/p>\n

    \n
  1. Significant orderly advantage<\/strong> : which reflects the strength of China’s political and economic system<\/li>\n
  2. The advantage of demand with a very large market<\/strong> : which has made China the largest consumer market in the world<\/li>\n
  3. The advantage of supplying with a complete industrial system<\/strong> : which has made China the factory of the world<\/li>\n
  4. Talent advantage with abundant high-quality workers<\/strong> : which is the main foundation of China’s economic development<\/li>\n<\/ol>\n

    Qualitative transformation of the economy<\/h3>\n

    Chang Hua emphasized that “China’s development not only achieves reasonable quantitative growth, but also achieves effective quality improvement.”<\/strong> He pointed to new industries and green transformation, saying that “new emerging industries are flourishing, and green transformation has achieved remarkable results.”<\/strong><\/p>\n

    One of the most important examples of this qualitative transformation is the new energy vehicle industry. The Chinese ambassador announced that “China’s production and sales of new energy vehicles account for more than 60% of the world’s total production.”<\/strong> Also, in the field of innovation, “by the end of 2023, China will become the first country in the world with the number of domestically validated inventions exceeding 4 million.”<\/strong> <\/p>\n

    Action and Responsibility: An Open and Participatory Economy <\/h2>\n

    Open door policy<\/h3>\n

    Chang Hua emphasized that “China’s economy adopts a cooperative and open mind and plans a development perspective with mutual benefit and win-win results.”<\/strong> He also noted that “China has always shared development opportunities with the world.”<\/strong><\/p>\n

    Practical steps for economic opening<\/h3>\n

    The Chinese ambassador listed various measures taken by China to expand its open economy:<\/p>\n

      \n
    • Tariff reduction<\/strong> : “The overall tariff level has been reduced to a level comparable to developed countries in the World Trade Organization”<\/strong><\/li>\n
    • Facilitating Foreign Investment<\/strong> : “The negative list for foreign investment access has been reduced to less than 31 items”<\/strong><\/li>\n
    • Complete liberalization of production<\/strong> : “Access to the manufacturing industry has been completely liberalized”<\/strong><\/li>\n
    • Service expansion<\/strong> : “The opening up of the service industry has accelerated”<\/strong><\/li>\n<\/ul>\n

      International investor confidence<\/h3>\n

      The result of these policies has been the growing confidence of international investors. Chang Hua stated that “international investors remain optimistic about investment opportunities in China”<\/strong> and “in the past year, higher quality foreign investment has flowed into China.”<\/strong> <\/p>\n

      China-Iran economic relations<\/h2>\n

      Strategic partnership<\/h3>\n

      Chang Hua touched on bilateral economic relations, stressing that “China and Iran are each other’s important trading partners.”<\/strong> He added that “in recent years, bilateral economic and trade relations have overcome negative factors and continued to develop steadily.”<\/strong><\/p>\n

      Cooperation within the framework of One Belt One Road<\/h3>\n

      The Chinese ambassador noted that “China and Iran have utilized their complementary advantages in economy and trade, promoted the joint construction of the Belt and Road, and made positive contributions to the economic and social development of the two countries and the region.”<\/strong><\/p>\n

      Future outlook<\/h2>\n

      Commitment to sustainable development<\/h3>\n

      Chang Hua drew a positive outlook for China’s economic future, using the Persian proverb “A year that is not yet ripe is evident from its spring.”<\/strong> He stressed that “in the new year, China will stick to its goals and work hard, continuously promoting the effective improvement of the quality and reasonable growth of the quantity of the economy.”<\/strong> <\/p>\n

      New opportunities for the world<\/h3>\n

      The Chinese ambassador emphasized China’s role as a driver of global development, saying that China “will continue to use its new development to create new driving forces and new opportunities for countries around the world, including Iran.”<\/strong><\/p>\n

      Conclusion<\/h2>\n

      The Chinese ambassador’s note shows that China’s economy not only enjoys high resilience and vitality, but also serves as a major driver of global economic growth. The three essential characteristics that Chang Hua listed for China’s economy – resilience and vitality, trust and confidence, and action and responsibility – reflect China’s comprehensive and balanced approach to economic development. <\/p>\n

      For Iran, this situation provides countless opportunities to benefit from this engine of economic growth by deepening economic relations with China and actively participating in the \u201cOne Belt, One Road\u201d initiative. As the Chinese ambassador emphasized, China\u2019s open door is becoming \u201cwider and wider,\u201d<\/strong> and this process can greatly contribute to the economic development of the region and the world. <\/p>\n","protected":false},"excerpt":{"rendered":"

      Author and compiler: Ebrahim Yousef Nejad All rights and intellectual property rights of this note are reserved for the Iranian Trade Center in China. In an analytical note, Chinese Ambassador to Iran Chang Hua has discussed the results of two important sessions of the National People’s Congress and the Chinese People’s Political Consultative Conference, providing […]<\/p>\n","protected":false},"author":1,"featured_media":704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notes-en"],"_links":{"self":[{"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/posts\/707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/comments?post=707"}],"version-history":[{"count":1,"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/posts\/707\/revisions"}],"predecessor-version":[{"id":1226,"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/posts\/707\/revisions\/1226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/media\/704"}],"wp:attachment":[{"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/media?parent=707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/categories?post=707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ictcshanghai.com\/en\/wp-json\/wp\/v2\/tags?post=707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}