Chinese Premier Li Qiang delivered an upbeat message about the nation’s economic future at the 2024 China Development Forum in Beijing, emphasizing innovation, sustainability, and global collaboration. 🌍💼
📊 Economic Momentum ‘Strengthening’
Premier Li noted China’s GDP grew 5.2% in 2023, surpassing 126 trillion yuan ($17.6 trillion). 🔥 He highlighted the country’s role as a global growth engine, contributing ~30% to worldwide expansion. Spring Festival data showed 474M domestic trips and 630B yuan in tourism spending — a ‘vibrant snapshot’ of consumer confidence. 🚀
🚀 Tech & Green Transition Accelerate
Strategic industries now make up 13% of GDP vs. 7.6% a decade ago. 🌱 With 50T yuan in digital economy activity and 24 top global tech hubs, Li stressed China’s shift toward high-quality growth: ‘New technologies are driving global green development.’ Half of 2023’s new renewable energy projects? Made in China. ☀️
🔮 Roadmap for the Future
Li outlined plans to boost domestic demand, build modern industries, and deepen reforms. 📈 Foreign investment restrictions in manufacturing will be lifted, and a ‘market-oriented, law-based environment’ prioritized. World Bank and IMF leaders joined 400+ global attendees, reinforcing the forum’s role as a bridge for international dialogue. 🤝
