As the global economy faces renewed turbulence from protectionist policies and slowed growth projections, the world is turning its gaze to China — a beacon of stability offering much-needed certainty. With a 5 percent GDP growth rate in 2024 and a reaffirmed target for 2025 announced during this year's Two Sessions, China continues to outperform major economies amid complex challenges.
This resilience, analysts note, is rooted in a balanced synergy between targeted government policies and a dynamic private sector. Earlier this year, Chinese leadership pledged enhanced support for entrepreneurs at a symposium, fueling innovation across millions of enterprises. "China's growth narrative is shifting from sheer scale to high-quality vitality," remarked Mei Qingping, an international affairs commentator.
Technological breakthroughs are amplifying this momentum. China now holds over 4.76 million valid domestic invention patents, a global record, while startups like Hangzhou's "Six Little Dragons" — including AI innovators DeepSeek — are reshaping East Asia as a burgeoning tech frontier. These developments highlight China's pivot toward sustainable, innovation-driven growth.
For global investors and analysts, such clarity contrasts sharply with market unpredictability elsewhere. As protectionist tariffs and policy volatility roil international trade, China's steadfast economic planning offers a blueprint for stability. For Asia's diaspora communities and business professionals, these trends underscore opportunities in cross-border collaboration and emerging tech sectors.
Reference(s):
cgtn.com