No matter how the international landscape shifts, China's commitment to innovation-driven growth will not waver, and its pace of expanding high-level openness will not halt.
Recently, China's National Bureau of Statistics released economic data for the first three quarters, showing gross domestic product exceeding 107 trillion yuan, a year-on-year increase of 4.6%, with growth rates ranking among the top of major global economies. "Growth better than expected," "demonstrating strong resilience"—international public opinion has generally given objective and positive assessments of this "third-quarter report." China's economy has withstood pressure to maintain an overall stable,稳中有进 development trajectory. This hard-won development achievement not only highlights the strong resilience of China's economy but also injects precious stabilizing force into a world economy full of uncertainty.
Currently, global economic recovery is struggling, geopolitical conflicts are intertwined, and unilateralism and protectionism are on the rise. Against this backdrop, China's economic growth has remained within a reasonable range, displaying distinct characteristics of stable operation, new momentum, improved structure, and better quality and efficiency. The economic increment in the first three quarters reached 5.7 trillion yuan, the highest level for the same period in nearly five years. Manufacturing is accelerating its leap toward the mid-to-high end, the service sector's contribution to economic growth reached 66.3%, and indicators such as prices, employment, and the international balance of payments have remained stable. The steady operation of China's economy is not only a solid foundation for high-quality development but also an important ballast for the world economy during a period of turbulence and transformation.
New momentum is accelerating its accumulation, not only injecting surging power into China's high-quality development but also opening up broad space for global industrial transformation and green transition. In the first three quarters, new industries and new business forms such as high-end manufacturing, the digital economy, and modern services contributed over 40% to economic growth. The added value of digital product manufacturing and high-tech manufacturing increased by 13.6% and 14.3% year-on-year, respectively, making the innovation-driven foundation increasingly solid. New track industries such as artificial intelligence and new materials are thriving, and the import and export scale of products such as industrial robots and electronic components continues to expand, constantly enriching global industrial application scenarios. Facing multiple external shocks, China's complete industrial system and resilient supply chain advantages have been fully demonstrated, effectively ensuring the smooth operation of global industrial and supply chains. United Nations Industrial Development Organization Director General Gerd Müller stated that China's large-scale breakthroughs in industrialization, renewable energy, and artificial intelligence provide useful references for developing countries exploring sustainable industrialization paths.
High-level opening-up is advancing in depth, and China's development opportunities continue to be shared with countries around the world. The advantages of its super-large market are continuously being unleashed. China is not only a stabilizing anchor for global industrial and supply chains but also an important engine driving world trade growth. In the first three quarters, China's total merchandise trade imports and exports approached 40 trillion yuan, a year-on-year increase of 18.8%, achieving trade growth with more than 180 countries and regions. During the same period, the growth rate of merchandise trade imports was 5.9 percentage points faster than exports, and the potential of the super-large market with over 1.4 billion people is constantly being released. Trade with free trade partners grew by 30%, contributing over 70% of foreign trade increment. Trade with countries jointly building the "Belt and Road" increased by 17.1%, and trade with emerging markets such as ASEAN and Africa achieved rapid growth, injecting new momentum into the balanced development of the global trade landscape. In the first three quarters, exports by foreign-funded enterprises grew by 17.2%, and more than 150 foreign-funded enterprises with import and export scales exceeding 10 billion yuan are deeply cultivating the Chinese market... More and more countries regard the Chinese market as an important opportunity for their own economic recovery. China's economic and trade links with the world are becoming increasingly close, and the mutually beneficial and win-win development pattern is becoming clearer.
Kenya's Capital FM website commented that the scale advantage of China's manufacturing industry has reduced the cost for developing countries to obtain technology and products, bringing tangible development opportunities to emerging economies.
High-quality development is a long-term process requiring sustained effort, and the road ahead will inevitably have difficulties. No matter how the international landscape shifts, China's commitment to innovation-driven growth will not waver, and its pace of expanding high-level openness will not halt. A China that continues to move toward new, better, and improved development, in the process of achieving its own high-quality development, will continuously inject lasting momentum into world economic recovery and work hand in hand with all countries to create a better future of mutual benefit and win-win outcomes.
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