China achieves high
Photo taken on Oct. 3, 2022 shows the view of skyscrapers of the Central Business District (CBD) at dusk in Beijing, capital of China. (Xinhua/Wang Jianhua)
BEIJING, March 31 (Xinhua) -- China has made significant strides in high-quality economic and social development, especially in five major areas, namely people's wellbeing, consumption, manufacturing, infrastructure and services, according to a report released on Sunday.
The report, jointly released by the Chongyang Institute for Financial Studies at Renmin University of China and cooperative think tanks from the United States, Russia, Canada and India, highlights the "compounding interest" in China's development.
The continuous accumulation of Chinese modernization can bring compounding-interest-like development to the country, serving as a driving force for sustained economic growth and prosperity for China. The "compounding interest" of China is characterized by stability of returns, long-term accumulation and sustainability, according to the report.
The momentum of China's modernization, characterized by the development of "compounding interest," focuses on taking innovation-driven initiatives, deepening reforms, expanding opening-up and promoting green development, read the report.
At the symposium held after the release, experts and scholars from China, the United States, Russia, Britain, Canada, Brazil and other countries discussed the potential and prospects of China's economic development.
China's high-quality development, fueled by compounding interest, innovation, reforms, openness and sustainability, demonstrates its commitment to building a prosperous and harmonious society, said Mohammed Saqib, secretary general of India China Economic and Cultural Council. "China is setting a remarkable example for other nations and paving the way for a brighter future for humankind."
Related articles
Six killed in a 'foiled coup' in Congo, the army says
KINSHASA, Congo (AP) — Six people were killed and dozens arrested following attacks on the residence2024-05-21- Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
Decades of Safeguarding Mountains, Forests
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21- Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
Nadal returns to Roland Garros to practice amid doubts over fitness and form
PARIS (AP) — Rafael Nadal returned to Roland Garros on Monday to practice and try and figure out whe2024-05-21Caribbean Women Leaders Visit China, Review Development of Women, Children
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment