Look! This is the confidence of China’s economy-one of the current economic observations in China.
Xinhua News Agency, Beijing, June 24th Question: Look! This is the confidence of China’s economy — — One of the current economic observations in China
Xinhua News Agency reporters Han Jie, Chen Weiwei and Wu Jialin
The first half of 2019 is just around the corner. When the global eyes turn to the upcoming Osaka Summit of G20 leaders, China’s economic trend under the background of escalating Sino-US economic and trade frictions has undoubtedly attracted much attention.
Over the past few days, Xinhua News Agency has sent multi-channel economic grassroots research teams to all parts of the motherland, entering parks and factories, listening to their voices and watching the general trend. The vivid stories of different regions and industries on the vast land are fixed into a vivid portrayal of China’s economy — —
Faced with the complicated domestic and international situation, China’s economy has not changed its long-term trend, faced difficulties, resolutely deepened reform and opened wider to the outside world, constantly improved quality and efficiency, and tapped its potential, showing great development resilience, potential and room for manoeuvre. The road to high-quality development has become wider and wider.
This is the confidence of China’s economy!
A shop assistant at a Suning store in nanjing xinjiekou is sorting out goods (photo taken on June 12). Xinhua News Agency reporter Ji Chunpeng photo
Face the challenge: "As long as the soil is fertile enough, it will be full of flowers."
Facing the challenge of external economic risks and the pressure of internal transformation, what is the confidence of enterprises? The reporter touched the pulse of the market in the investigation.
On June 23rd, a news burst the capital market: following the acquisition of Wanda Department Store at the beginning of the year, Suning.cn announced that it planned to invest 4.8 billion yuan to acquire 80% shares of Carrefour China.
In recent years, the offline retail format has been significantly affected by the impact of e-commerce platforms. Why did Suning.cn go the other way?
Standing on Suning Avenue in Xuzhuang Software Park, Nanjing, Jiangsu Province, Suning.cn Headquarters, which is like an "industrial city" with a variety of retail formats, gives the answer.
"The biggest advantage of China is its market advantage." Sun Weimin, vice chairman of Suning.cn Group, said that from the Internet era to the Internet of Things era, Suning will build a full-scene smart retail ecosystem from online to offline and from urban to rural areas in the future to better meet the diverse needs of consumption.
Consumers shop at Suning Polar Store in Suning.cn Life Plaza, Xuzhuang, Nanjing (photo taken on June 12). Xinhua News Agency reporter Ji Chunpeng photo
The large market of nearly 1.4 billion people contains the vast space and surging power of China’s economy, which is exactly where China’s confidence lies in facing the risk challenge.
When overseas exports were affected, Qiu Ti Microelectronics Technology Co., Ltd., located in Kunshan High-tech Zone, Jiangsu Province, also chose to go against the trend.
This local manufacturer, which focuses on providing cameras and fingerprint identification modules for mid-to high-end smartphones and tablets, is stepping up its technological innovation and setting its sights on the huge domestic 5G market.
"As long as the soil is fertile enough, it will be full of flowers, and the 5G era is a fertile ground." Liu Tongquan, deputy general manager of the company’s operations, said that the commercialization of 5G will bring a wave of changing machines, from single camera to three or even four cameras, from 20 million pixels to 48 million pixels, or even higher. The iterative upgrade of products will make the company full of confidence in the future market.
Meet challenges in innovation and open the future in innovation.
Under the changing situation, the reporter feels why more and more China enterprises are confident to fly against the wind:
Some of them have achieved "out of nothing" in new products, new formats and new models through subversive innovation from 0 to 1; Some traditional industries "bring forth new ideas from the middle" through iterative innovation from 1 to N, and constantly glow with new vitality.
How thin is the 0.245 mm can?
Exhibitors showed an artificial intelligence glasses at the main venue of Hangzhou "Dream Town" in 2019 National Volkswagen Entrepreneurship Innovation Week (photo taken on June 13). Xinhua News Agency reporter Huang Zongzhi photo
Alfred, vice president in charge of production of Wei Qiao Aluminum Power Company, told reporters that about 10 years ago, all the pull ring materials of the can lid in China were imported, and now this can is the thinnest product at home and abroad. "Don’t look a few tenths of a millimeter thinner. According to one ton of semi-finished products, it can produce 3,000 more tanks than ordinary thickness materials."
The growing economy of China is the fertile ground for the growth of enterprises.
Nowadays, the total market players in China have entered the "100 million households era". In the first five months of this year, the number of newly registered enterprises reached 2.86 million, with an average of 18,900 enterprises born every day.
In the sea of China’s economy, every enterprise is like a blossoming spray, accumulating the power of Pentium in the baptism of wind and rain.
The audience visited the main venue of "Dream Town" in Hangzhou in 2019 National Volkswagen Entrepreneurship Innovation Week (photo taken on June 13). Xinhua News Agency reporter Huang Zongzhi photo
Fearless of wind and rain: the trend of stability and long-term improvement will not change.
"In the face of the current complicated international economic and trade situation, how can Jiangbei New District, which focuses on high-end industries, break through?" At noon in midsummer, Luo Qun, member of the Standing Committee of Nanjing Municipal Committee of Jiangsu Province and full-time deputy secretary of the Party Working Committee of Jiangbei New District, sat in front of the reporter and took the initiative to throw this rhetorical question.
A small number of affiliated enterprises are affected by trade friction, and the industrial growth rate has declined. Luo Qun does not shy away from challenges and is full of confidence in the future: "Aim at the tuyere industries such as integrated circuits, life and health, and new financial centers, adhere to independent innovation, market orientation, and gather talents. We have confidence in the future of Jiangbei!"
The confidence of not being afraid of wind and rain comes from the research on the general trend of China’s economic development.
Will US tariff increase cause China’s economy to stall? ",the title of a recent article in the Japanese newspaper Fuji Sankei Shimbun, is actually an unavoidable problem in observing China’s economy.
On the balance of China’s economy, at one end, the growth rate of investment declined and the growth rate of industrial added value declined; At the other end, foreign trade is "upwind" under the "headwind" of protectionism. In May, exports increased by 6.1%, the growth rate of consumption also stopped falling and stabilized, the unemployment rate remained at a low level of 5%, and foreign exchange reserves rose from the previous month.
Deceleration does not reduce the potential, but quantity and quality are better. Looking at the latest data, China’s economy is generally stable, progressing steadily and maintaining a reasonable range.
On June 15th, the first phase of Beijing rail transit new airport line began trial operation. This is the North Terminal Station of the new airport line. Xinhua News Agency reporter Zhang Chenlin photo
"Stability and long-term improvement are the general trends that China’s economy has not changed and will not change." General Secretary of the Supreme Leader said in an interview with mainstream Russian media a few days ago.
The reporter felt in the investigation that under the pressure and challenge, China’s economy has strength, stamina and determination.
— — The big market breeds big consumption, and stabilizing the basic market is the foundation of China’s economic confidence.
During the past "6 18" shopping festival, the accumulated order amount of JD.COM platform reached 201.5 billion yuan; The turnover of hundreds of domestic and foreign brands of Tmall exceeded last year’s "double 11", with the highest growth exceeding 40 times; Suning’s omni-channel order volume increased by 133% year-on-year & hellip; …
In the first quarter of this year, the contribution rate of consumption to economic growth exceeded 60%, and it continued to be the first driving force of economic growth. In May, the growth rate of consumption was 1.4 percentage points higher than that of the previous month. Stabilize the market and add vitality, and consumption will continue to exert its strength.
— — It is the foundation of China’s economic confidence to stabilize employment, promote employment stability, and maintain the greatest livelihood.
Not long ago, 10 representatives of three generations of innovative entrepreneurs from all over the country wrote the word "Zhong" together in Dream Town, Hangzhou, Zhejiang Province. In 2019, the National Mass Entrepreneurship Innovation Week kicked off.
Entrepreneurship-driven employment multiplication effect is constantly emerging, and it is becoming a new engine to stimulate employment.
The staff of Nanjing Luye Pharmaceutical Co., Ltd. is conducting drug quality analysis (photo taken on June 13). Xinhua News Agency reporter Ji Chunpeng photo
In May, the urban survey unemployment rate remained at a stable level of 5%, and from January to May, more than half of the expected annual target of urban new employment was achieved. The stability of employment confirms the stability of China’s economy.
— — Promoting development in coordination and competition and stimulating regional vitality are the sources of China’s economic confidence.
With "integration" and "high quality" as the key, one city and three provinces in the Yangtze River Delta are working together to build a strong and active growth pole for China’s development;
The first phase of the Beijing rail transit new airport line connecting Beijing urban area and Daxing International Airport has officially started trial operation recently, and the coordinated development of Beijing-Tianjin-Hebei has fallen again;
Guangdong introduced a strong preferential tax policy to attract international talents and high-end talents for Greater Bay Area, and the construction of Guangdong-Hong Kong-Macao Greater Bay Area was accelerated … …
Look at the corner and know the overall situation. In the benign interaction, various regional plates compete with each other in Qian Fan, and jointly build a strong economic body in China.
"Under the situation of increasing global instability and uncertainties, China’s economic growth remains resilient." In the latest issue of China Economic Briefing, the World Bank said so.
"As long as we maintain our strategic strength, enhance our confidence in winning, dare to take responsibility, be good at planning, and concentrate on running our own affairs, we will certainly minimize the adverse effects of escalating economic and trade frictions in the United States and achieve stable, healthy and sustainable economic development." Ning Jizhen, deputy director of the National Development and Reform Commission, said.
The staff of Nanjing Luye Pharmaceutical Co., Ltd. transported penicillin bottles to the bottle washing machine (photo taken on June 13). Xinhua News Agency reporter Ji Chunpeng photo
Confidence goes forward: "No capital is willing to give up the China market."
Walking into Zhangjiang, Shanghai, I saw Shanghai light source and other scientific facilities standing quietly, and various types of Chinese and foreign R&D centers were scattered. Across the Chuanyang River in the park, there are green grass and a brand-new "science city" with infinite charm.
AstraZeneca, a multinational pharmaceutical company that entered China in 1993, set its headquarters in China here. Today, China has become the company’s second largest market in the world, with sales of nearly $3.8 billion last year.
"Despite the increasing global instability and uncertainties, AstraZeneca’s confidence in China has never wavered." In the clean office, Chloe Wang, global executive vice president of AstraZeneca, told reporters, "Our goal is to turn China into one of the most important production bases of AstraZeneca in the world."
The Dow Center, which is a few blocks away from AstraZeneca’s headquarters in China, also has good news about the China market.
On June 21st, the American chemical company announced a new factory in China — — Silicone resin factory with high added value laid the foundation stone in Zhangjiagang, Jiangsu. Lin Yulin, president of Dow Chemical Company in Greater China, said that this once again proved Dow Chemical Company’s firm confidence in the China market.
Also recently, Pfizer’s global headquarters was unveiled in Shanghai, becoming the first multinational pharmaceutical company to set up a global headquarters in China; Zhejiang Qianjiang Motorcycle Company and American motorcycle manufacturer Harley Davidson jointly laid out the China market; Although the automobile industry is depressed, the new project of Chery Jaguar Land Rover Automobile Co., Ltd. in China will start as scheduled in the second half of the year … …
What the reporter saw and heard is a powerful response to the argument that "foreign-funded enterprises have been withdrawing from China one after another" for some time.
On April 2, 2018, China International Import Expo Bureau held a collective signing ceremony at the Shanghai National Convention and Exhibition Center. This is the guests attending the signing ceremony stepping into the venue one after another. Xinhua News Agency reporter Fang Yushe
Data show that in the first five months of this year, China actually used 369.06 billion yuan of foreign capital, up 6.8% year-on-year. Take Shanghai as an example. In the first four months, newly established foreign investment projects, contracted foreign investment and paid-in foreign investment all increased by more than 20% year-on-year, which continued to be a "hot spot" for attracting foreign investment.
"Because of the huge consumption power of the China market, there is no capital willing to give up the China market." Zheng Yongnian, a professor at the Institute of East Asian Studies at the National University of Singapore, said.
Nearly 1.4 billion people, 900 million laborers, more than 800 million netizens, 170 million highly educated and skilled human resources, and the world’s largest middle-income group … … The market space, which is often measured by "100 million yuan", highlights the strong confidence of China’s economic development.
Confidence and confidence come from China’s determination to deepen reform and opening up.
From promoting the construction of a free trade port with China characteristics to holding the first China International Import Expo, from introducing a foreign investment law to reducing the negative list of foreign investment access, from implementing a new tax law to reducing taxes and fees on a large scale, a series of pragmatic measures have continuously improved the business environment, giving foreign capital and foreign trade enterprises a "reassurance".
Today, China is still in an important period of strategic opportunities for development, but the international situation it faces is becoming increasingly complicated. The most important thing is to do our own thing well, make a plan before moving, and accumulate wealth but make little progress.
Facing the future, China’s economy will remain stable and far-reaching, and no wind or rain can stop China from moving forward. A more open China will surely make progress and prosperity with the world with perseverance and full confidence. (Participating in writing: Pan Ye, He Xinrong, Zhang Yizhi, Zhou Rui, Chen Hao)