(Look at China) China's innovation and transformation promote sustainable economic development

Luvisre Gonzalez

The two sessions of China are currently being held, and the outside world is very concerned. On the 5th, Chinese Premier Li Keqiang pointed out in the government work report that domestic development still faces many risks and challenges this year, but the fundamentals of the long-term economic improvement have not changed. The expected target for China’s economic growth this year is set at more than 6%, taking into account the recovery of economic operations, which will help guide all parties to focus on promoting reform and innovation and promoting high-quality development. The expected goals of economic growth, employment, and prices reflect the requirements for maintaining economic operations within a reasonable range, and steadily connect with future goals, which are conducive to the realization of sustainable and healthy development.

China's further transformation and development has two aspects that have attracted the most international attention. One is independent innovation, and the other is green development. In 2020, China will achieve a GDP growth of 2.3%, the only major global economy to achieve positive economic growth. This is undoubtedly good news at a time when the international economy has fallen severely. When the international economy shrank and fell under the influence of the new crown epidemic and many external factors, China launched a dual circular economy model. Through such a transformation, the potential for domestic demand and social and economic development have been increased, which is important for creating high-level employment, infrastructure development and China’s development strategy The shift to the west makes a lot of sense.

The continuous development of China's economic interaction with the world has also affected the development of the world economy. China's stimulating domestic demand has also brought about an increase in imports, which has promoted the economic growth of other countries. In addition, the leading 5G technology and the future research and development of 6G are also the driving force for the sustained development of China's economy.

Author: Luvi Srebrenica Gonzalez (DrC Ruvislei González Saez.), Cuba's International Center for Political Studies Asia-Pacific director

compilation: Cai, Jiajia Bin

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