The Fuxing, which has a speed of 350 kilometers per hour, travels thousands of miles in half a day; the first supercomputer " Tianhe No. 1 ", the calculation is equivalent to 1.3 billion people calculating for 340 years at the same time; 5G is commercialized and can download a video in half a second...
Today's China can create over 10 billion yuan of GDP in one hour, produce about 150 million jin of grain, build a new high-speed railway of nearly 500 meters, process about 6 million express delivery, and trade volume for goods in and out exceeds 500 million US dollars...
70 vicissitudes and changes, and there is a miracle called "China Speed".
Photo taken on June 21, 2018 shows morning view of the Lujiazui area in Pudong of Shanghai, east China. (Xinhua)
The blistering pace of expansion by China's economy in the past decades has impressed the world as "China speed." Now the term is taking on new meaning as the country enters a new development phase. Now, as China enters a new stage of development, "China's speed" has also had a new meaning.
blistering: ['blɪstərɪŋ] adj. 时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时时�
From 1952 -- when the earliest official national GDP data after the founding of New China was available -- to 2018, China's GDP soared 452.6 times in US dollar terms, according to the National Bureau of Statistics (NBS).
Data from the National Bureau of Statistics shows that from the earliest official GDP data after the founding of New China in 1952, my country's GDP has increased by 452.6 times in US dollar terms.
The true economic takeoff started after 1978 when the country began its reform and opening-up. China achieved an average annual GDP growth of 9.4 percent between 1979 and 2018 at constant prices, well above the 2.9-percent rate the world economy logged in the same period.
The true economic takeoff of China's economy began after 1978 when the country began its reform and opening-up. China achieved an average annual GDP growth of 9.4 percent between 1979 and 2018 at constant prices, well above the 2.9-percent rate the world economy logged in the same period.
The true economic takeoff of China's economy began after 1978 when the country began its reform and opening-up. China achieved an average annual GDP growth of 9.4 percent between 1979 and 2018 at constant prices, well above the 2.9-percent rate the world economy logged in the same period.
The true economic takeoff began after 1978 when the country began its reform and opening-up. China achieved an average annual GDP growth of 9.4 percent between 1979 and 2018 at constant prices, well above the 2.9-percent rate the world economy logged in the same period.
The true economic takeoff began after 1978 when the country began its reform and opening-up. China achieved an average annual GDP growth of 9.4 percent between 1979 and 2018 at constant prices, well above the 2.9-percent rate the world economy logged in the same period.
The true economic takeoff began after 1978 when the country began its reform and opening-up. China achieved an average annual GDP growth of 9.4 percent between 1979 and 2018 at constant prices, well above the 2.9-percent rate the world economy logged in the same period.
The true economic takeoff started after 1978 when the country began its reform and opening-up. China achieved an average annual GDP growth of 9. From 1979 to 2018, based on the constant price of , China's average annual GDP growth rate was 9.4%, far higher than the growth rate of 's global economy of 2.9% during the same period.
The leap in the economy's global influence is evidence: in 2018, China contributed to 27.5 percent of world economic growth, up 24.4 percentage points from 1978, the NBS estimates.
The influence of my country's economy in the global economy has also increased significantly: the National Bureau of Statistics predicts that in 2018, my country's contribution to world economic growth is 27.5%, 24.4 percentage points higher than in 1978.
While fast economic expansion tremendously elevated people's living standards in the world's most popular country and boosted its economic clout globally. Faster growth is becoming the new trend as China seeks higher-quality development.
In China, a world-wide population country, rapid economic development has greatly improved people's living standards and enhanced its global economic influence. In the stage of China's pursuit of high-quality development, rapid growth has become a new development trend.
clout: [klaʊt] n./vt. Effect; slam
"China speed" is now less about the breakneck pace of GDP growth, or the sheer velocity of building roads, bridges and skyscrapers. Instead, it's more about how swiftly an economy of China's size embraces a new development approach.
"China's speed" is no longer focusing on the rapid growth of GDP, or pursuing the speed of purely building roads, bridges and buildings, but about how , an economy of China of a scale, can quickly embrace new development methods.
velocity: [və'lɑsəti] n. High-speed, fast
Photo taken on Feb. 1, 2018 shows bullet trains waiting to be maintained in Wuhan, central China's Hubei province. (Xinhua)
For starters, "China speed" is propelled more than ever by technology and innovation.
First of all, "China speed" is driven more by technology and innovation than before.
A few clues on this front: a designed top speed of 600 kph for the country's newly minted high-speed maglev train testing prototype; the Tianhe-1 supervisor that can compute in one hour what would have taken the entire Chinese population 340 years to process; the 5G network that can download movies within seconds.
Give some examples to illustrate: my country's newly launched high-speed magnetic levitation train test model design with a maximum speed of 600 kilometers per hour; the first multi-trillion-time supercomputer "Tianhe No. 1", which is equivalent to 1 hour of calculation for the people across the country for more than 340 years at the same time; a movie can be downloaded in a 5G network in a few seconds. Behind the great progress of science and technology is my country's unprecedented investment in R&D. From 1992 to 2018, the annual average R&D investment growth rate is 20%, ranking second in the world.
galloping: ['ɡæləpɪŋ] adj. Speeding, rapidly increasing
Photo taken on June 12, 2019 shows the view of Guanshan Grassland at Longxian County in Baoji, northwest China's Shaanxi province. (Xinhua)
The speed of China's shift towards greener growth is equally impressive. China's per unit of economic output is obtained with 43.1 percent less energy consumption in 2018 than in 1953, and 11.4 percent less than in 2015. Instead of pursuing reckless industrial expansion, Chinese officials now show little tolerance for smokestack factories and energy waste, even if that means slower GDP growth.
The speed of China's transformation to green development is also eye-catching. In 2018, China's energy consumption per unit of output value decreased by 43.1% compared with 1953 and 11.4% compared with 2015. Chinese officials no longer pursue disorderly industrial expansion, but have begun to strictly control various smoke-prone factories and energy waste, even if GDP growth slows down.
The "China speed" in greening the Earth is leading the world and is visible from space. A study in February using data from NASA satellites revealed that China contributed to a quarter of the increase in global green leaf area since the turn of the century.
The "China speed" in environmental greening has led the world and can be seen in space. A study released in February this year used data taken by NASA satellite. The study showed that since this century, one-quarter of the global green leaf coverage has been contributed by China.
To observe it from the eyes of entrepreneurs, "China speed" is increasingly relevant to how fast the country betters its business environment and opens up its market to foreign businesses.
From the perspective of entrepreneurs, "China speed" is increasingly related to the speed of improvement of the business environment and the speed of opening up the market to foreign businesses.
As a result of China's reforms to expand market access and cut administrative red tape, the number of enterprises in the country mushroomed at an average growth rate of 16.9 percent annually from 2012 to 2017. A World Bank report ranked China 46th worldwide for ease of doing business in 2018, up 32 places from the previous year.
With the implementation of reform measures such as relaxing market access and simplifying administrative approval procedures, the number of enterprises in my country soared at an average annual rate of 16.9% from 2012 to 2017. According to the World Bank's "2019 Business Environment Report ", China's business environment ranking 46th in the world, up 32 places from the previous year.
In particular, China is moving fast to share more development opportunities with foreign firms. The negative list for foreign access to business sectors is shortening year by year, new pilot free trade zones have been launched across the nation in just a few years, and once heavily-restricted domains such as finance are being opened up at a non-stop pace.
It is worth mentioning that China is also taking rapid action to share development opportunities with foreign companies.The negative list for foreign investment access is shortening year by year. The newly established pilot free trade zones have spread across the country within a few years, and the once strictly restricted fields of finance are also opening up to the public at an unstoppable rate. Behind the new face of "China speed" is the country's all-out efforts to pursue national rejuvenation, a vision that can not be realized without a modernized economy that entails better quality, higher efficiency, more robust drivers of growth and opening-up on all fronts.
Behind the new face of "China speed" is my country's unremitting struggle to pursue national rejuvenation. Without a high-quality and efficient modern economy, more vibrant growth momentum and comprehensive reform and opening-up, national rejuvenation will not be realized. By lowering its GDP growth and demonstrating a new understanding of desirable speed, the country shows to the rest of the world that it favors not economic dominance, but economic sustainability, which makes structural reforms and shared, win-win development a request in a highly connected global economy.
By downshifting its GDP growth and demonstrating a new understanding of desirable speed, the country shows to the rest of the world that it favors not economic dominance, but economic sustainability, which makes structural reforms and shared, win-win development a request in a highly connected global economy.
By downshifting its GDP growth and demonstrating a new understanding of desirable speed, the country shows to the rest of the world that it favors not economic dominance, but economic sustainability, which makes structural reforms and shared, win-win development a request in a highly connected global economy.
By downshifting its GDP growth and demonstrating a new understanding of desirable speed, the country shows to the rest of the world that it favors not economic dominance, but economic sustainability, which makes structural reforms and shared, win-win development a request in a highly connected global economy.
By downshifting its GDP growth and demonstrating a new understanding of desirable speed, the country shows to the rest of the world that it favors not economic dominance, but economic sustainability, which makes structural reforms and shared, win-win development a request in a highly connected global economy.
By downshifting its GDP growth and demonstrating a new understanding of desirable speed, the country shows to the rest of the world that it favors not economic dominance, but economic sustainability, which makes structural reforms and shared, win-win development a request in a highly connected global economy.
By downshifting its GDP growth and demonstrating a new understanding of desirable speed, the country shows to the rest of the world that it favors not economic dominance, but economic sustainability, which makes structural reforms and shared, win-win development a request in a highly connected global economy.
By downshifting its GDP growth and In this highly interconnected world economy, to achieve economic sustainability, structural reforms must be implemented and win-win development must be pursued.
Recasting an economy as large as China's take time and courage, but it is a critical battle that China must and can win. The evolution of "China speed" has proved how far the country has come and will continue to bear witness to this journey.
Recasting an economy as large as China's take time and courage, but it is a critical battle that China must and can win. The evolution of "China speed" has proved how far the country has come and will continue to bear witness to this journey.
Recasting an economy as large as China's take time and courage, but it is a critical battle that China must and can win. The evolution of "China speed" has proved how far the country has come and will continue to bear witness to this journey.
Recasting an economy as large as China's take time and courage, but it is a critical battle that China must and can win. The evolution of "China speed" has proved how far the country has come and will continue to bear witness to this journey.
Recasting an economy as large as China's take time and courage, but it is a critical battle that China must and can win. The evolution of "China speed" has proved how far the country has come and will continue to bear witness to this journey.
Recasting an economy as large as China's take time and courage, but it is a critical battle that China must and can win. The evolution of "China speed" has proved how far the country has come and will continue to bear witness to this journey.
Recasting an economy as large as China's take time and courage, but it is a critical battle that China must and can win. The evolution of "China speed" has proved how far the country has come and will continue to bear witness to this journey.
Recasting an economy as large as China's take time and courage, but it is a critical battle that China must and can win. The evolution of "China speed" has proved how far the country has come and will continue to bear witness to this journey.
Recasting an economy as large as China's take time and courage, but it is a critical battle that China must and can win. The evolution of "China The evolution of "China's speed" has proved our achievements and will continue to witness our future development.
English source: Xinhuanet
Translation and editing: Ma Wenying
Source: China Daily Network
