上海后花园

Editor's Note:

The political trust between China and Russia has been steadily strengthened over the years, leading to close strategic coordination and a significant increase in bilateral trade volume. After a year serving as the Russian Ambassador to China, what are the biggest impressions that Igor Morgulov has had during his time in China? In what areas have bilateral relations between China and Russia made significant progress? Global Times reporters Xie Wenting and Bai Yunyi (GT) spoke with the Russian Ambassador to China on these and other topics.

GT: You have been in China for a year now. What has your experience working in China over the last year been? What have your biggest impressions been during your time in China?

Morgulov: China is an amazing country. Time seems to pass by quickly here. In the last year, many important events have taken place, making time fly by.

I was particularly impressed by how quickly China overcame the impact of the COVID-19 pandemic and accelerated the recovery of its national economy. I witnessed the Chinese government implementing decisive and consistent measures to promote the restructuring of the national economic mechanism and propel it toward intensive development.

In terms of the bilateral agenda, the most significant events undoubtedly revolved around the reciprocal visits between the leaders of China and Russia. In March this year, President Xi Jinping paid a state visit to Russia. In October, President Vladimir Putin attended the Third Belt and Road Forum for International Cooperation (BRF III). The two heads of state held meetings. As a result of these contacts, the main paths for further development of the bilateral ties were outlined.

Looking back at cultural exchanges, we cannot ignore the Ninth China-Russia Youth Games held in Chongqing in May under the framework of the China-Russia Sports Exchange Year. Additionally, in June, the world-renowned Mariinsky Theatre Symphony Orchestra, conducted by Valery Gergiev, and the Tchaikovsky Symphony Orchestra, conducted by Vladimir Fedoseyev, performed on a specially-assembled stage at the foot of the Great Wall. This extraordinary performance left a deep impression on those in attendance.

GT: How do you evaluate the current relationship between China and Russia? Over the last year, in which areas do you think China-Russia relations have made significant progress? Has mutual trust between China and Russia been affected by geopolitical and international changes?

Morgulov: The Russia-China comprehensive strategic partnership of coordination for a new era is currently at an unprecedentedly high level and continues to develop. The relationship between the two countries is mature, sustainable, and characterized by a high level of mutual trust, respect, consideration of each other's fundamental interests and mutual support. Both Russia and China are major world powers with strong and continuously growing comprehensive national strength, as well as holding immense potential in the economic and technological fields. Most importantly, I believe, both countries have an abundance of human resources - we have talents in various fields.

The strengthening of the Russia-China partnership has attracted attention from the international community. Sometimes, some ill-intentioned individuals deliberately hype up the Russia-China relationship and fabricate the theory of a threat posed by the growing cooperation between Russia and China.

Any rational person can recognize that the close ties between Russia and China are crucial for global and regional stability. The leaders of both countries have repeatedly emphasized that Russia-China relations are not directed against any third party, and are not a political-military alliance. In many aspects, our cooperation has already surpassed traditional such alliances, enabling both countries to respond to various challenges in a more flexible and efficient manner. The stable and consistent relationship between the two countries allows both sides to continuously promote mutually beneficial cooperation in various fields while strictly safeguarding their own interests, benefiting the people of both countries.

Another cornerstone of cooperation between Russia and China is their similar, and even identical, positions on many international and regional issues. Both countries advocate for a more representative and democratic international order that takes into account the interests of all countries.

This principled stance has received widespread support from the majority of countries around the world, but it has also triggered "allergies" in some Western countries that are unwilling to accept the established fact that their own hegemony is diminishing. It is evident that both Russia and China are ready to engage in pragmatic and mutually beneficial cooperation with any country willing to engage in equal dialogue.

Currently, the geopolitical landscape is undergoing significant changes. Against this backdrop, Russia and China have successfully demonstrated to the world that their partnership remains unbreakable, even in the face of escalating conflicts and confrontations on the international stage. The level of mutual trust between the two countries has been enhanced. Russia and China have confirmed their strategic choice to further deepen cooperation, regardless of any unfavorable external factors they may encounter.

Today, we can confidently say that we have successfully passed the test to the stability of Russia-China relations. In practice, this is reflected in stable bilateral trade with growth rates reaching double digits, a significant increase in the proportion of settlements in local currencies in bilateral trade, and the continuous enhancement of cooperation in various fields, despite extortion by and threats from our opponents. There is no doubt that this positive trend will continue to develop.

GT: Do you believe that China and Russia have created a "new paradigm" for major power relations in the world? What does this mean for the current international order?

Morgulov: I believe that the Russia-China relationship is a model of cooperation between major powers in the 21st century.

Both Russia and China are large countries with unique histories and rich cultural heritages. At the same time, both countries independently decide their own development paths and defend true sovereignty - these are the core values that both countries uphold.

These basic principles apply to various areas of the extensive bilateral cooperation between our two countries. Based on this foundation, the Russia-China comprehensive strategic partnership is continuously being strengthened.

Moscow and Beijing closely coordinate their efforts on the world stage. We adhere to a policy of sovereign diplomacy, defend the purposes and principles of the United Nations Charter, and support the principle of upholding international law. This has resonated with the majority of countries in the international community. We will continue to closely coordinate our diplomatic positions in order to promote the construction of a more just and democratic world order based on the diversity of cultures and civilizations, and the interests of all parties.

GT: In which areas do Russia and China expect to strengthen cooperation in the future?

Morgulov: In terms of pragmatic cooperation, despite the complex geopolitical situation, economic and trade relations between Russia and China continue to show strong momentum. From January to October 2023, bilateral trade volume exceeded $196 billion, a year-on-year increase of 27.7 percent. We have every reason to believe that this year, the bilateral trade volume will surpass the baseline target of $200 billion set by the two heads of state.

As is well known, energy is the "locomotive" of Russia-China economic and trade cooperation. We know that China attaches great importance to energy security and intends to further strengthen cooperation with Russia because our country is a reliable energy supplier.

Russia is a leader in exporting crude oil, coal, natural gas, and liquefied natural gas to the Chinese market. In addition, energy cooperation between the two countries is not limited to raw material trade but also involves the joint implementation of large-scale industrial and infrastructure projects, such as liquefied natural gas production, gas pipeline construction, oil and gas field development and exploration, the peaceful use of nuclear energy and natural gas chemical products. This work is of strategic significance as it lays the foundation for energy cooperation in the coming decades.

At the same time, we have noticed that there is enormous growth potential in the supply of Russian agricultural products to China. We see high demand in China for Russian seafood, meat, grains, and oil plants.

Furthermore, Russia also has vast development opportunities in increasing the exportation of minerals, various metals and metal products, pulp and paper products, and chemical products such as fertilizers to China. On the other hand, China is increasing its exports of computer equipment, mobile phones, and various types of vehicles, including cars, trucks, buses, special vehicles, and their components to Russia. We have noticed that Chinese partners are interested in investing in Russia and cooperating with Russian operators in the automotive and other industrial sectors.

We will continue to make unremitting efforts with our Chinese friends to deepen practical cooperation in various fields. In this context, it is of great significance to carry out systematic work in accordance with the development direction clearly stated in the Joint Statement of the Russian Federation and the People's Republic of China on Deepening the Comprehensive Strategic Partnership of Coordination for the New Era.

GT: We have noticed that some Western media outlets have suggested that Russia is maintaining a "cautious stance" regarding China's collaboration with Central Asian countries under the BRI. How do you view this narrative?

Morgulov: We hold a positive attitude toward the development of equal and mutually beneficial cooperation among all members of the international community, especially China and Central Asian countries that are friendly to Russia. We believe that strengthening cooperation between China and Central Asian countries in various fields is an important factor in maintaining regional stability and stimulating economic growth. The security, stability, and well-being of Central Asian countries are in the interests of both Russia and China. We are willing to enhance mutual coordination and support Central Asian countries in defending their sovereignty and national development. We will never accept external interference in regional affairs or the introduction of "color revolutions."

China's approach to developing cooperation with Central Asian countries is in stark contrast to the policies of the US and its allies. We have noticed that the US and the West are attempting to pressure Central Asian countries using the old methods, which goes against the principle of non-interference in the affairs of sovereign states. The West's attempt to view cooperation with Central Asian countries from the perspective of promoting anti-Russia and anti-China agendas is unacceptable. This completely differs from our approach.

We believe that cooperation between China and Central Asian countries will play an important role in promoting alignment and collaboration between the Eurasian Economic Union and the BRI, and is also in line with President Putin's initiative to establish a "Greater Eurasian Partnership."

GT: Has Russia adjusted its foreign policy focus in the last two years? Some voices suggest that, to counter Western sanctions and diplomatic isolation, Russia is seeking to increase cooperation with Asia-Pacific countries and play a more important role in the Asia-Pacific region, such as conducting joint exercises with many Asia-Pacific countries. Do you agree with this viewpoint?

Morgulov: Some people believe that due to the deterioration of relations with the West, Russia is turning toward the East. I completely disagree with this view. Russia has always been an integral part of the Asia-Pacific region. When formulating its foreign, economic, and investment policies, Russia has always taken into account the significant advantages of this direction.

Over the years, Russia has engaged in extensive cooperation with countries in the Asia-Pacific region. Russia holds an important position in the foreign policies of these countries, many of which are Russia's key strategic partners.

We are strengthening cooperation through existing multilateral mechanisms. The Shanghai Cooperation Organization is a core element of the Asia-Pacific regional architecture. 2024 will mark the fifth year since the establishment of a strategic partnership between Russia and the ASEAN. Russia actively participates in various activities led by the ASEAN. Thanks to these efforts, we have laid the necessary foundation for further development of multi-field cooperation with the Asia-Pacific region and will continue to strengthen multi-level contacts with countries in this region based on this foundation.

Editor's Note:

Under the guidance of Chinese President Xi Jinping, China has seen historic changes in ecological conservation, upholding the belief that lucid waters and lush mountains are invaluable assets, a core concept of Xi's Thought on Ecological Civilization. 

In the practice of ecological civilization construction, there are numerous vivid examples, whether in the battles for blue skies, clean waters, and green forests, as well as wildlife protection. Many touching stories have emerged from these practices.

On November 14, at the Global Media Congress held in Abu Dhabi, the UAE, a representative from the People's Daily shared the newspaper's reports on ecological civilization, which sparked enthusiastic responses from the audience. Particularly attention-grabbing were three stories, which not only deeply impressed the audience with informative details and poetic writing, but also showcased a microcosm of China's construction of ecological civilization, as well as the power of the media in the process. 

The three stories narrated how a village achieved a win-win outcome for both the economy and the environment through ecological protection and sustainable development, underscored the necessity of every individual becoming a protector, builder, and beneficiary of the environment, and demonstrated how systematic and scientific environmental protection work and media promotion can lead to significant transformations.

In recent years, the People's Daily has been committed to telling China's ecological stories and showcasing the achievements of China's ecological civilization construction. As efforts to strengthen ecological civilization construction continue, and as progress is steadily made toward achieving dual carbon goals, more such ecological cases are expected to emerge. These cases will become vibrant stories in the new era, underlining the country's commitment and advancements in environmental sustainability.

First Story: A village's transformation

Yucun village is located in Anji county of East China's Zhejiang Province. The village was plagued by pollution and safety issues more than 20 years ago, as people there blew up mountains for mining purposes and built cement factories, which filled the sky with smoke and dust, and made streams cloudy.

In 2003, Xi Jinping, who was the then secretary of the Zhejiang Provincial Committee of the Communist Party of China (CPC), launched the "Thousand Villages Demonstration and Ten Thousand Villages Renovation" project for better green development. After the implementation of this project, Yucun village made up its mind to shut down its polluted mines and cement factories.

How could Yucun village then be further developed? In August 2005, Xi proposed that "clear waters and lush mountains are invaluable assets," during a visit to Yucun. Yucun implemented this concept and started making efforts in greening and beautifying the village. It gradually developed into a tourist destination with beautiful scenery all year round, and was included in a list of 44 villages from 32 countries termed the "Best Tourism Villages" by the United Nations World Tourism Organization (UNWTO).

From "selling stones (mineral products)" to "selling scenery," the clear waters and verdant mountains have become a source of income for the villagers of Yucun. Yucun village received 700,000 tourists in 2022, and the per capita income of the local villagers reached 64,000 yuan ($8,780).

Fifteen years later, President Xi revisited Yucun village in March 2020 during an inspection trip to Zhejiang. Seeing the changes there along the way, he said that the development of Yucun proves that green development is the right path, which should be carried on into the future.

Great changes have taken place in many villages in China including Yucun. The "Thousand Villages Demonstration and Ten Thousand Villages Renovation" project, which has resulted in thousands of beautiful villages and benefited lots of Chinese farmers through its green development concept, was awarded the Champion of the Earth award, the UN's highest environmental honor.

"Clear waters and lush mountains are invaluable assets" has become a broad consensus in today's China. In the new era, China has accelerated the transformation of its development mode into a green and low-carbon one, optimizing its industrial and energy structures, and advocated a green and low-carbon lifestyle. Today, China ranks first in the world in the scale of renewable energy development and utilization, and in the production and sales of new energy vehicles.

The story of Yuncun village demonstrates that to protect the environment is to protect productive forces, and to improve the environment is to develop productive forces, said the People's Daily representative.

To promote ecological civilization, we must scientifically grasp the dialectical unity between development and protection, and firmly establish and practice the concept that "clear waters and lush mountains are invaluable assets," said the representative.

Also, to do a good job in covering China's ecological civilization, Chinese journalists must adhere to Xi Jinping's Thought on Ecological Civilization as a guide and stand from the height of harmonious coexistence between man and nature, the representative added.

Second Story: Blue sky diary

Wang Ruchun, a 78-year-old retired worker in Shijiazhuang, North China's Hebei Province, is a shutterbug. Wang had been photographing the same piece of sky every morning since New Year's Day in 2014.

But why is he so obsessed with photographing the sky? In the earlier years, some areas in northern China were frequently plagued by large-scale and severe haze in autumn and winter, and the fine particulate matter (PM 2.5) became a major concern for people.

"At that time, I rarely captured the blue skies and white clouds in my camera," Wang recalled. "After the Chinese government launched the Three-Year Action Plan for Winning the Blue Sky Defense Battle, there were more and more blue skies."

A set of data echoed Wang's "sky dairy." The number of good air quality days in 2013 was only 43, but it increased to 234 in 2022.

People's Daily reporters covered and followed up on Wang's story, a vivid example showcasing the continuous improvement of China's air quality and environment. On June 5, 2022, the World Environment Day that year, the People's Daily released a multimedia story titled "Sky Diary: 3,000 photos record improvements to air quality in northern Chinese city of Shijiazhuang." The story became a hot search topic on social media, with many of Chinese netizens sharing photos of the blue skies of their hometowns.

In a response to netizens' demands, the People's Daily and Chinese Ministry of Ecology and Environment jointly launched a photography activity that invited Chinese netizens to take more photos of the blue skies of their hometowns. The activity received more than 300 million views.

As a netizen commented, where there is effort, there will be returns. Blue skies and white clouds don't lie. A set of convincing data released by the Ministry of Ecology and Environment showed that China has become the fastest country in the world to improve air quality. In 2022, 86.5 percent of the days in Chinese cities at prefecture level and above registered good air quality, and the number of days with heavy pollution fell to less than 1 percent for the first time.

In China, "the environment is the people's livelihood, the greenery of the mountains is beauty, and the blue sky is happiness" has become a societal consensus.

The sky diary story affirms that a good ecological environment is indispensable to the conservation of people's livelihoods. The construction of ecological civilization can best bring a sense of direct benefit to the people, and when the environment is improved, people have a more profound lived experience.

It's necessary to let everyone become the protector, builder, and beneficiary of the ecological environment in the process of promoting ecological civilization, said the People's Daily representative.

To do a good job in ecological civilization reporting, Chinese journalists must tell the stories of people excellently and share the sense of direct benefit among ordinary people, so that the broader audience can resonate, the representative noted.

Third Story: A sea of forests

The story of Saihanba is now well known throughout China, but once it was unfamiliar to most. This inspiring tale of decades of silent toil and guardianship over a forest became known to the world through a series of reports by the People's Daily.

The Saihanba Mechanized Forest Farm, located more than 400 kilometers from China's capital Beijing in the northernmost part of Hebei Province, was established in 1962. At that time, it was a desert wasteland, where "yellow sand hid the sun, and birds had no trees to perch on," with the average annual snow cover lasting seven months.

Chen Yanxian, now an octogenarian, represents the first generation of foresters. She recalled: "When we first arrived in Saihanba, we ate dark bread and drank water from melted snow, and I cannot count the number of difficulties we overcame."

Year after year, with generation after generation of steadfast commitment, Saihanba eventually became a man-made forest spanning a million acres, the largest of its kind in the world, creating a miraculous transformation from barren land to lush forest.
However, not many were aware of the touching story of the Saihanba farm. Upon discovering this lead, the People's Daily dispatched journalists for in-depth exploration and focused reporting.

From frontpage stories to key commentaries, from visual specials to integrated media products, and even a published book titled Beautiful Saihanba, the People's Daily told the remarkable story of Saihanba from all angles and perspectives.

On August 4, 2017, the newspaper published a front-page headline article "Saihanba: An Example of Ecological Civilization Construction," which stated, "Plants and trees do not speak, but walking in Saihanba, every blade of grass and tree reminds us: There is no substitute for the ecological environment, unnoticed when present, but sorely missed when lost… Mountains and rivers do not talk, but walking in Saihanba, every hill and stream tells us: Lucid waters and lush mountains are invaluable assets; they are gold and silver mountains in themselves."

An editorial published that same day mentioned that the half-century of glorious achievements of Saihanba is a vivid microcosm of green development and a classic example of ecological civilization construction.

The commentator's observation on that day also concluded that "time will not fail anyone. The story of Saihanba tells us that as long as we can sow the seeds and see the roots, we can ultimately build firm ecological barriers and write green legends."

Today, the miracle created by the people of Saihanba is widely celebrated, having received the United Nations' highest environmental honor, the "Champion of the Earth" award in 2017.
In August 2021, President Xi went on an inspection tour of Saihanba. Speaking with staff representatives of the farm, Xi praised generations of workers there for embodying the Saihanba Spirit through concrete actions. The Saihanba Spirit emphasizes staying true to the original aspiration, being hardworking and enterprising, and pursuing green development.

The story of Saihanba is just a microcosm of China's efforts to restore its ecosystems. Over the last decade, China has planted 10.2 billion acres of trees. About one-quarter of the global increase in green area since the beginning of this century comes from China.

The Saihanba story teaches us that advancing ecological civilization construction depends not only on material strength but also on spiritual power. To properly report on ecological civilization, it is essential to elucidate the scientific method of coordinating the management of mountains, rivers, forests, fields, lakes, grasslands, and sands, to apply a systematic approach, and to master the combination of integrated reporting techniques, the representative said.

China's youth unemployment rate came in at 15.3 percent in February, rising 0.7 percentage points over a month earlier, according to latest data published by the National Bureau of Statistics (NBS) on Wednesday.

According to the NBS, the jobless rate for the age group from 25 to 29 (excluding students) was 6.4 percent in February, while the jobless rate for the age group from 30 to 59 was 4.2 percent.

Starting from December, the NBS resumed the release of youth unemployment rates after a suspension caused by the NBS' adjustment of labor survey modeling and methods of statistics to better reflect the country's employment situation.

China's employment remains basically stable in the first two months of 2024, with the survey urban unemployment rate averaging at 5.3 percent, official data showed on Monday.

Currently, favorable factors for stabilizing the employment market continue to accumulate, Liu Aihua, a spokesperson from the NBS, said at a press conference on Monday.

Along with the sustained recovery of the Chinese economy, especially the services sector, and the accelerated transition of new and old growth momentums, new industries including digital economy, green economy and silver economy will continue to provide support for urban employment, Liu said.

China-Angola economic and trade ties have entered a new stage with vast areas of cooperation to explore, ranging from oil and gas to manufacturing and trading for win-win outcomes, Chinese and Angolan businesspeople told the Global Times at a high-level business forum on Saturday.

The remarks came amid the state visit of the President of Angola Joao Lourenco to China from Thursday to Sunday, as the two countries announced the elevation of bilateral relations to a comprehensive strategic cooperative partnership, charting a course for even brighter economic and trade cooperation.

During the presidential visit, a two-day business forum was held on Saturday and Sunday, focusing on deepening bilateral cooperation in core areas such as energy and mining among other sectors, drawing the participation of hundreds of government officials and business representatives from both sides.

At Saturday's event, Lourenco said that the presence of Chinese enterprises in Angola is significant and cannot be overlooked. He welcomes more Chinese companies to come to invest in Angola.

The president also noted good examples of bilateral cooperation, including projects such as the construction of the new Luanda Airport by Chinese firms, in addition to road, railway and hydroelectric power projects.

Angola hopes to attract more Chinese investors who can bring capital and technology as well as expertise to enhance production efficiency, while assisting Angola in achieving economic diversification, Lourenco said.

The positive and warm atmosphere of bilateral economic cooperation has sent a very positive message to businesses.

Companies from both sides expressed their eagerness to tap into the greater potential for economic and trade cooperation as bilateral ties get stronger.

Manuel Francisco Pedro, chairman of the board of directors of the Luanda-Bengo Special Economic Zone in the capital city of Luanda, told the Global Times that more Chinese companies are coming to Angola to invest these days.

"Last year, we approved 17 new Chinese projects in our economic zone. Now, we have about 25 Chinese companies in total that are involved in wide range of fields," Pedro said.

"So far, we have about $3 billion worth of investment from Chinese companies, and we are here to attract more investment from businesses of all sectors," Pedro said.

"I believe that as our bilateral relationship has come to this high level, it opens more opportunities for businesses and investment," said Pedro, who has visited China many times.

Chinese companies are equally enthused about the reinforced bonds underscored by the high-level visit and eagerly anticipate capitalizing on this opportune moment to tap into the potential in the deeply complementary relationship between China and Angola.

The leaders of the two countries signed a comprehensive strategic cooperative partnership, which means that bilateral cooperation in various fields will be even stronger, which is very beneficial for Chinese nationals and enterprises in Angola, Huang Yuequan, a vice president of the Angola-China Chamber of Commerce, told the Global Times at the forum.

The Angolan government strongly encourages Chinese investment, primarily focusing on the mineral and energy sectors, which offer broad prospects. Additionally, cooperation in agriculture holds great potential, as Angola has relatively undeveloped agricultural resources compared with China's mature industry, Huang said.

More Chinese companies are coming to the African country for investment, which is reflected in the current situation in the Chinatown. The Chinatown is now fully saturated with companies mostly from China. In response to the growing expansion of investors, the construction of a new commercial zone is in progress, which will be three times larger than the current Chinatown, according to Huang, who is also a shareholder of the Chinatown in Luanda,.

"In addition to the huge market potential in Angola, the country can be a stepping stone for foreign businesses extending to other neighboring countries in Africa," said Huang.

Dongying Ruifeng Petroleum Technology Development Co is exploring an entry into the Angolan market. The company's senior advisor, Zha Houbao, told the Global Times that as bilateral relations continue to improve, companies feel more confident about investing in Angola.

"Our next step is to delve into the market, understand their more nuanced needs, and design products tailored to the local market need, which is a win-win outcome for both sides," said Zha.

Angola stands as China's second-largest trading partner in Africa and an important investment destination for Chinese companies, with bilateral trade exceeding $23 billion last year.

During the president's visit, China and Angola signed documents regarding the Belt and Road Initiative cooperation plan, as well as plans for the economy and trade, agriculture, green development and other fields, according to the Xinhua News Agency.

Bilateral cooperation has emerged as a robust engine driving economic and social development in Angola, generating substantial employment opportunities locally and delivering tangible benefits to the peoples of both nations, Liu Yuxi, special representative of the Chinese Government on African Affairs, said at Saturday's business forum.

China will continue to take proactive measures to support and encourage more capable and reputable enterprises to invest and operate in Angola, creating more new highlights of cooperation, said Liu.

Shanghai's Municipal Government released a plan to enhance and boost the development of foreign research and development (R&D) centers on Wednesday from nine aspects, including relaxed regulation of cross border outflow of non-listed or non- categorized data, with the aim to build the city into an international sci-tech innovation hub.

The plan, which will take effect on Friday, will attract and support foreign R&D centers to form clusters and upgrade capability, amid a national campaign to improve business climate for foreign companies and encouragement policy measures that support foreign companies to set up R&D centers in China.

Eligible foreign-funded R&D centers will benefit from a series of policy support measures, including customs clearance facilitation for cross-border R&D materials, allowing foreign-funded R&D centers to openly accessing services from common technology R&D platforms and sci-tech information according to rules as well as funding support.

Foreign-funded R&D centers will be supported to engage cooperation and high-risk research projects with the municipality's sci-tech institutions and enterprises, according to a post on the official WeChat of the municipality on Wednesday.

The plan will also support the lawful cross border flow of R&D data, improve the level of protection of intelligent property rights (IPRs) and elevate support in talent acquisition and development.

Foreign-funded R&D centers will be supported to set up an open innovation platform, conduct cross border incubator service and build proof-of-concept center. They are also encouraged to conduct technological research in joint efforts with various Chinese innovative entities, co-build labs, industrial colleges and training bases.

The plan calls for facilitation of cross border data flow under the premise of relevant law and regulations. Foreign R&D centers are not required to file for declaration for outflow of data not subject to regulation under the key list and catalogue in the data classification and hierarchical protection scheme of the Shanghai pilot free trade zone.

Shanghai will conduct biosafety risk assessment for imported animal and plant genetically modified organisms and biological materials, and the eligible imports for R&D purposes will enjoy customs facilitation.

In 2023, China's scientific and technological R&D investment surpassed 3.3 trillion yuan ($458.5 billion), up 8.1 percent year-on-year.

A number of foreign companies have increased their number of R&D centers in China.

US-based Apple announced on Tuesday a plan to open a new research and development (R&D) center in Shenzhen city, South China's Guangdong Province while upgrade its Shanghai R&D center to support product manufacturing.

A number of foreign-backed companies in China, from Apple to German automotive supplier Bosch, are announcing plans to expand their China presence recently, as China's fast growing vast market provides a platform for strong business performance.

The Hong Kong-Zhuhai-Macao Bridge (HZMB) in South China's Guangdong Province has facilitated record cross-boundary vehicle traffic as Hong Kong residents' northbound travel to the mainland is becoming trendy. 

China Media Group (CMG) reported that as of Saturday at 9 pm, the HZMB port had facilitated a total of 500,000 cross-boundary vehicles under the Northbound Travel for Hong Kong Vehicles program since it entered operation on July 1, 2023, showed increasing personnel exchanges between Hong Kong and Guangdong.

A Hong Kong resident surnamed Luo told the Global Times on Sunday that driving her private car from Hong Kong to Zhuhai was much easier than she expected. 

"I left Hong Kong at 9 am, passed customs clearance at 11 am, and even had time to have dim sum at Zhuhai in the morning," said Luo, adding that she can return to Hong Kong in one day after shopping and having a massage. 

"It costs about 5,000 yuan ($704) in total for the first year of the program, including registering a driving license, insurance and other fees," she noted, and pointed out that certain phases of the program could be further optimized such as reducing application times and fees. 

Boosted by the simplified cross-boundary process, self-driving tours to the mainland have become one of the most popular trip modes for Hong Kong residents. Since the program began, the average monthly growth of Hong Kong vehicles through Zhuhai Port reached 58.17 percent.

The average daily vehicle volume on weekends and holidays in 2024 reached 5,400. On February 13, the fourth day of the 2024 Spring Festival holidays, the daily vehicle volume reached a record of 8,300, said the report. 

According to the official website of the program, it allows eligible Hong Kong private cars to travel between Hong Kong and Guangdong without the need to obtain regular quotas to access the HZMB.

Under the program, Hong Kong residents can drive to Guangdong for business, family visits or sight-seeing on a short-term basis, which could make good use of the HZMB and promote the development of the Guangdong-Hong Kong-Macao Greater Bay Area, the website showed. 

China has set its 2024 GDP growth target at around 5 percent, which has been viewed as a signal of strong confidence that the world's second-largest economy could navigate through multifaceted pressure and boost a steady expansion this year.

Unsurprisingly, this practical and realistic objective has met with skeptical and negative comments from some foreign media outlets, with some saying the goal is too "challenging" to meet, citing exaggerated downward pressure and insufficient stimulus.

Chinese national lawmakers and political advisors said the bearish rhetoric lays bare the deeply-rooted Western ideological prejudice against China and certain countries' "sour-grape mindset." They called for a more objective and comprehensive assessment of an economy that has well-built fundamentals, a "later-comer" advantage in new economy, rising middle-income population and abundant policy latitude.

A 5-percent GDP target also bodes well for the profitability of foreign companies operating in China, foreign business representatives and economists said. And the recent influx of foreign investments and global funds also speak volume for the allure of the Chinese market, serving as a fresh piece of evidence debunking the pessimistic narratives, observers pointed out.

The big picture

In the first two months of 2024, China's foreign trade scale hit a record high, reaching6.61 trillion yuan (about$930.96 billion) in yuan-denominated terms, an increase of 8.7 percent year-on-year, customs data showed on Thursday.

"The Chinese economy is expected to start off with a good opening in the first quarter of 2024," Zheng Shanjie, head of the National Development and Reform Commission (NDRC), the country's top economic planner, said on Wednesday.

"The around 5-percent GDP growth target comes after scientific reasoning and aligns with the long-term development goals laid out by the 14th Five-Year Plan (2021-25).It is a positive upward target that can be achieved with strenuous work," Zheng said.

The comment was made at a press briefing held on Wednesday during the ongoing two sessions. Zheng, along with several government officials in charge of China's economic and trade affairs, dwelled on the Government Work Report delivered on Tuesday and further elaborated on the country's policy stances. Their remarks also offered a timely response to certain public concerns.

The Global Times noticed through various group discussions on Wednesday and Thursday that the key economic goals set by the Government Work Report have inspired widespread strong confidence among deputies and political advisors, who come from all walks of life and represent the voices across the society.

"Setting a goal of achieving around 5 percent GDP growth requires a proactive approach as it will involve hard work, overcoming obstacles and challenges. However, with determination and perseverance, this goal can be achieved," Ning Jizhe, a member of the 14th National Committee of CPPCC and the former chief of the National Bureau of Statistics, said in an exclusive interview with the Global Times.

Yin Yanlin, Vice Chairman of the Economic Committee for the 14th National Committee of Chinese People's Political Consultative Conference (CPPCC), told the Global Times that the 5-percent growth rate will make China one of fastest growing economies in the world, as most developed countries have a growth below 3 percent. A 5-percent GDP target could only be achieved by a developing nation as large as China.

Justin Lin Yifu, a member of the Standing Committee of 14thNational Committee of CPPCC and former chief economist of the World Bank, also voiced confidence that China has the potential to meet the growth target.

"China's GDP is currently 65 percent to 70 percent of US' GDP based on the exchange rate. That translates to an 8-percent growth potential every year until 2035 if the US economy maintains stable growth. Taking account of the global and internal economic situation, achieving a 5-percent GDP growth is possible when we have an 8-percent growth potential," Lin told the Global Times in a group interview.

According to Lin, when other countries were at the stage of development where China is currently at, their economies were performing relatively well. For instance, during the stage of economic catch-up, Japan, South Korea and Germany all achieved economic growth rates of 8 percent or even higher.

Lin stressed that China, as a large developing economy, is still at the stage of industrial upgrade and thus lags behind developed countries, but this renders the country a "latecomer advantage."

In 2023, China's per capita GDP reached about $12,500, which makes the country still the world's largest developing nation.

"We're still a developing nation, with a gap behind those developed countries, indicating significant rooms for development and growth potential. How could China's economy reach a peak at such a time?" Ning said, pushing against certain allegations that the Chinese economy has peaked.

Ning added that the badmouthing is not only an unscientific judgment, but also a malicious attempt to discredit China. Some deputies also pointed out that the distortion is fueled by the ideological biases of certain Western countries, who are nervous because of China's rise.

"The outside world may have no idea o fhow much endeavors the Chinese policymakers are willing to pour in achieving the GDP goal,"Yin noted.

A New York Times article said on Tuesday that China only announced modest measures to stimulate growth in face with various headwinds, "refraining from the kind of bold moves the business sector has been looking for."

As part of the country's proactive fiscal policy, the Government Work Report said China will issue ultra-long special treasury bonds in the coming years. Pan Gongsheng, governor of China's central bank, said on Wednesday that China's required reserve ratio (RRR) for the banking sector is at 7 percent on average now, and there is still room for a subsequent RRR cut.

"China's policy toolbox is still sufficient, and concrete policy efforts are needed in the face of a complicated domestic and external environment," Pan said.

A key contributor

Against the backdrop of China's high-quality development trajectory, some economists also refuted the "Peak China" and "Chinese economy Japanization" claims, by identifying an array of China's new growth engines.

The Government Work Report vowed that China will strive to modernize the industrial system and develop new quality productive forces at a faster pace.

Lin said it is important that China sits at the same starting line as other developed nations in terms of new economy industries, such as artificial intelligence and digital economy.

"With vast human capital, sheer market size and industrial chain advantage, the country carries greater potential in fostering potential new innovation drives compared with other high-income countries," Lin said, while also taking note of continuous drives from traditional industries in the years to come.

Lin said that from 2036 to 2050, China has an economic potential to realize a growth range between 3 percent and 4 percent, based upon which China's per capita GDP could reach half that of the US by 2049. As the Chinese population is four times that of the US, the growth trajectory means China's economic output will be twice of the US by 2049, making China the largest economy in the world and the largest contributor to the global economy.

Political advisors also rejected the idea of Chinese economy risks "lost decades" like Japan in the coming years.

Han Baojiang, a member of the National Committee of CPPCC and a professor at Party School of the Central Committee of the CPC, told the Global Times that the Chinese economy is fundamentally different from the Japanese economy back then, as China is home to a 400 million middle-income population and has a vast domestic demand, whereas Japan only has a narrow domestic market space, which prompted a large amount of Japanese capital to flee the country.

China's 5-percent GDP growth this year also will draw in more foreign investments, as only when Chinese economy expands can the foreign firms have the conditions to make a profit, and only when they make a profit can they continue investing, thus engaging in a "virtuous circle," Yin stressed.

Bloomberg reported on Tuesday that global funds are returning to China stocks, citing Morgan Stanley analysts. Kinger Lau, chief China equity strategist at Goldman Sachs, and his team maintain a cautiously optimistic outlook on the Chinese stock market, anticipating that economic improvements will drive a rebound in corporate profits.

European aerospace corporation Airbus said in a statement sent to the Global Times that the economic policies released during the two sessions show China's determination to boost its economy. And the growth of China's economy will surely boost the global economic performance as well.

The assertion that the Hong Kong Special Administrative Region (HKSAR) has become a "ruin of an international financial center" is groundless, as the basic elements underpinning Hong Kong's status as a global financial center have not changed, and the region has been further leveraging its role as a super connector between the Chinese mainland and the rest of the world, Brian David Li Man-bun, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and co-chief executive of the Bank of East Asia (BEA), told the Global Times on Thursday.

"Hong Kong has a number of competitive edges in the global financial market, including the common law system, a simple low tax system and professional services and regulatory systems that are in line with international standards," Li said.

BEA is a Hong Kong public bank based in the HKSAR.

He also highlighted the guarantee on free flows of capital under the Basic Law, good financial infrastructure, a stable and favorable business environment as well as a stable and efficient banking system, among other things.

In 2022, Hong Kong received a total of $117.7 billion in foreign direct investment, ranking fourth in the world after the US, the Chinese mainland and Singapore, according to the UN Conference on Trade and Development.

In addition, "Hong Kong has made significant progress in such finance-related sectors as green finance, fintech and offshore yuan business, which also paves the way for its development," Li added.

As a next step, Li suggested that Hong Kong integrate further into the national development, and make a greater contribution to the country's high-level opening-up. These efforts would also be conducive to enhancing the city's global financial status, while providing a solid foundation for its economic recovery this year.

The Central Financial Work Conference held last October called for accelerating the building of a nation with a strong financial sector. Pan Gongsheng, the governor of the People's Bank of China (PBC), the country's central bank, said at a press briefing on Wednesday that expanding opening-up is an important propeller and assurance of the high-quality development of China's financial industry.

Li noted that Hong Kong, as the world's largest offshore yuan business center, has an outsize role to play in facilitating the globalization of the yuan.

"More countries and regions have shown concern about excessive reliance on the US dollar amid rising geopolitical tensions, and many, having strong confidence in the Chinese mainland's economic outlook, have boosted their use of the yuan in payments, investments and reserves," Li explained.

Li also urged Hong Kong to double down on its efforts to expand issues of yuan-denominated financial products, such as promoting the Hong Kong dollar-yuan dual-currency share counter service across the equity market.

Li, as a veteran banker, has witnessed the rising asset management demand of Chinese mainland residents in the past decade, which he said was partly thanks to the expansion of the 400 million middle-income populations.

He suggested expanding the scope of the financial connect programs between the Chinese mainland and Hong Kong, in addition to the Stock, Bond and Cross-Boundary Wealth Management connects.

The Stock Connect, announced in 2014, now contributes 11 percent of the Hong Kong Exchanges and Clearing Ltd's revenue, and 15 percent of average daily turnover in Hong Kong, according to a report by Fitch Ratings.

The average daily turnover of the Bond Connect surged to almost 49 billion yuan in January 2024 from 3.6 billion yuan in 2018, the report said.

Liu Qingfeng, a deputy to the National People's Congress and chairman of Chinese AI company iFlytek, put forward a motion suggesting the country formulate an AGI (artificial general intelligence) development plan, aiming to promote the systematic growth of the country's AGI sector, while narrowing the technology gap between China and the US, according to a document sent to the Global Times on Tuesday by iFlytek.

The development plan could be initiated and implemented at the state level, in a bid to continuously narrow the gap between the US and China in AGI general base platforms and shore up China's industrial AI applications, according to Liu.

The plan should make up for the shortcomings in the Next Generation Artificial Intelligence Development Plan released in 2017, to cater to a wide range of aspects from forming independent and controllable computing power, high-quality data sharing to cultivation of talent in AGI development.

Liu proposed nine measures to accelerate the development of the AGI sector.

For instance, Liu vowed to ramp up support for the research and development (R&D) of China's general large language models (LLMs) in the form of special projects targeting power, data and algorithms in the upcoming five years.

Liu suggested local governments support R&D for LLMs and the construction of infrastructure for developing AGI industrial ecosystem, while formulating new policies to promote the application of large-scale models in sectors such as manufacturing.

Regarding global cooperation, Liu proposed to set up cooperation projects under the China-proposed Belt and Road Initiative, supporting the R&D of multilingual LLMs and their broad applications.

Liu also proposed to accelerate the formation of an independent and controllable ecosystem centered on domestically developed LLMs, while propelling China's vigorous development in the ecology construction utilizing the AI Plus initiative.

China will step up research and development (R&D) and application of big data and AI, launch an AI Plus initiative, and build digital industry clusters with international competitiveness, according to a government work report submitted to the NPC for deliberation.

Meanwhile, China vows to rely on scientific and technological innovation to lead the modernization of its industrial system and move faster to develop new quality productive forces in the Government Work Report.

iFlytek has integrated its LLMs into various sectors from education, healthcare, to the legal profession, and has been cooperating with major players from 12 industries to release corresponding LLMS, covering finance, automotive, culture and tourism, along with other ones since October 2023, the company said in a separate statement sent to the Global Times.

Amid China's rapid development of emerging industries including AI, some provincial plans have already covered the building of pilot zones focused on future industries such as quantum tech, 6G, life science, AI, and humanoid robotics.

For instance, South China's Guangdong Province released 22 measures to develop local AGI sector in November 2023, with a goal to achieve the largest scale of intelligent computing power in the country while obtaining a leading position worldwide.

China’s Guangdong-Hong Kong-Macao Greater Bay Area (GBA) now is accelerating the economic integration and coordination with surrounding regions as the area has become one of the most promising growth poles of the worlds. 

As of now, the economic aggregate of the GBA has surpassed 13 trillion yuan ($1.83 trillion), as its patent ability has topped among global four bay areas, said Liu Jieyi, spokesperson for the second session of the 14th Chinese People's Political Consultative Conference (CPPCC) National Committee. 

Central Committee of the Communist Party of China and the State Council on February 18, 2019, issued the outline development plan for the GBA. In the past five years, the GBA has become one of the most open and economically dynamic areas in China, which was planned to be fostered as a leading region for Chinese path to civilization and high-quality development, said Liu.  

CPPCC has been paying attention to the economic development of Hong Kong and Macao basing on the master development plan of the GBA, including promoting regional integrated development and policy coordination. 

The construction of multiple cooperation zones such as Hengqin, Qianhai and Nansha was highlighted to support the master plan, and the CPPCC will further accelerated the connectivity of infrastructure and policy in the region, Liu noted.  

During the 2024 Spring Festival holidays, people in Chinese mainland, Hong Kong and Macao made a total of 5.01 million of cross-boundary trips, and the Hong Kong-Zhuhai-Macao Bridge facilitated record volume of passenger and vehicle.  

Data from Hong Kong tourism authority showed that the occupancy of Hong Kong’s hotel crossed 80 percent during the holiday, indicated increasing connectivity among peoples in the GBA and integrated development trend, said Liu.  

China’s central government announced on February 23 this year to expand the Individual Visit Scheme to Qingdao in East China’s Shandong Province and Xi'an in Northwest China’s Shaanxi Province, which allowed solo travel of residents from the two cities to Hong Kong from March 3, further uplift personnel flow and release consumption potential.