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China is the main engine of world economic growth and firmly becomes an "empowering power"
2025-05-06 source:People's Daily

As the world's second largest economy, China continues to anchor the economic growth target of about 5% this year, which not only reflects the confidence and determination to promote high-quality development, but also demonstrates the mind and responsibility to empower the world economy and create development opportunities.

"China sets the 'ambitious goal' of growth of about 5% to show the confidence of the Chinese government." "China will continue to play a key role in the global economy, promote world economic integration, and promote sustainable prosperity and development"... In the context of insufficient momentum for world economic growth and intensified unilateralism and protectionism, China sets the expected growth target of this year's GDP at about 5%, allowing the world to see China's confidence in promoting high-quality development.

The growth target of about 5% represents confidence and confidence. Last year, facing the complex and severe situation of increasing external pressure and increasing internal difficulties, China successfully completed the main goals and tasks of economic and social development for the whole year. The total economic output exceeded 130 trillion yuan for the first time, and the economic growth rate of 5.0% ranked among the forefront of major economies in the world. Last year's "stability" and "progress" laid a solid foundation for China to achieve its economic growth target of about 5% this year. Recently, reports from international institutions such as the International Monetary Fund, the World Bank, Goldman Sachs Group, and the Swiss Bank have raised their expectations for China's economic growth this year through in-depth analysis of China's economic pulse.

The growth target of about 5% represents momentum and opportunity. Last year, China's contribution to global economic growth remained at around 30%, which is an important driving force for the world economy. As the world's second largest economy, China continues to anchor the economic growth target of about 5% this year, which not only reflects the confidence and determination to promote high-quality development, but also demonstrates the mind and responsibility to empower the world economy and create development opportunities. The reason why international public opinion believes that this goal is "ambitious" is because the external environment facing China this year has become more complex and severe, and the foundation for economic recovery and improvement is still unstable. It is not easy to achieve this goal and requires hard work. China's achievement of this goal will bring a "multiplier effect" to the development of the world economy.

Kinetic energy and opportunities come from innovation, development, transformation and upgrading. Achieve economic growth of about 5% means further upgrading of the industry and further improving innovation capabilities. Last year, China's traditional industries accelerated their transformation and upgrading, strategic emerging industries flourished, future industries were arranged in an orderly manner, key core technologies were researched and developed, and high-end equipment development made great progress, and innovative achievements in cutting-edge fields such as artificial intelligence and quantum technology continued to emerge. This year, China continues to promote the development of emerging industries such as commercial aerospace and low-altitude economy, cultivate future industries such as biomanufacturing, quantum technology, embodied intelligence, and 6G, and continues to promote the "Artificial Intelligence +" action, which will make the engine represented by new quality productivity stronger. China's innovative practice is also the world's innovative practice and will expand the space for world economic growth.

Kinetic energy and opportunities come from low-carbon development and green transformation. Last year, while China achieved 5.0% economic growth, its energy consumption per unit of GDP decreased by more than 3%, renewable energy capacity increased by 370 million kilowatts, and the annual output of new energy vehicles exceeded 13 million, indicating that economic growth and green transformation can be parallel and promote each other. This year, China proposed the goal of reducing energy consumption per unit of GDP by about 3% and continuously improving the quality of the ecological environment, demonstrating the ambition and perseverance to build an ecological civilization and promote green development, and will make new contributions to the global response to climate change and building an ecological civilization. Yiliya Otino, chairman of the Pacific-China Friendship Association, said that "green" is a high-frequency word in this year's Chinese government work report. He fully feels that China is unswervingly moving towards the goal of carbon peak and carbon neutrality.

Power and opportunities come from open development and sharing of opportunities. This year, China will expand domestic demand in all aspects, making domestic demand the main driving force and stability anchor to drive economic growth. At the same time, no matter how the external environment changes, China has always insisted on opening up to the outside world, steadily expanded institutional opening up, and orderly expanded independent opening up and unilateral opening up. China will promote a comprehensive pilot demonstration of expanding opening up of the service industry, promote orderly opening up in the fields of the Internet, culture, and expand the pilot program of opening up in the fields of telecommunications, medical care, education, etc. China will continue to create a first-class business environment for market-oriented, law-based and internationalization, so that foreign-funded enterprises can develop better. A more dynamic consumer market and greater opening-up measures will allow every percentage point of China's economy to bring greater development opportunities to the world.

Through the expected GDP growth target of about 5%, the international community sees that China remains the main engine of world economic growth. This growth goal shows that China will continue to be guided by the concepts of innovation, coordination, greenness, openness and sharing, promote effective quality improvement and reasonable quantitative growth of the economy, and work with all parties to create a global development pattern of universal balance, coordination and inclusiveness, win-win cooperation and common prosperity.

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