Beijing: The “Su Super League,” a grassroots tournament in Jiangsu known as the Jiangsu Football City League, alongside the Village Super League, or Cun Chao, has gained widespread attention, invigorating the integrated development of culture, commerce, tourism, and sports.
According to Lao News Agency, Labubu toys, elf-like dolls created by Chinese toy maker Pop Mart, have captured international markets, highlighting the global appeal of Chinese designer toys. Meanwhile, China’s visa-free policies have been instrumental in boosting trends such as “China Travel” and “Shop in China,” indicative of China’s robust economic innovation and highlights of high-quality development, which underscore a sustained growth trajectory.
Since the start of this year, China’s economy has exhibited stable progress, with major economic indicators improving steadily. New quality productive forces have emerged, and reform and opening up have deepened, showcasing significant vitality and resilience. Recently, international finan
cial institutions, including the International Monetary Fund, Morgan Stanley, and Goldman Sachs, have revised their forecasts upwards for China’s economic growth in 2025.
A United Nations report positions China as one of the few major economies with significantly upgraded growth expectations amid global economic shifts. The report underscores China’s growing influence in addressing complex global challenges through its economic strategies.
International media analysis has identified an emerging “cool factor” in China, characterized by innovation, cooperation, and youth culture, fostering more balanced economic growth. This momentum is expected to drive China’s next growth cycle, potentially redefining its global economic identity through open collaboration.
China continues to leverage scientific and technological innovation to cultivate new quality productive forces, accelerate the development of internationally competitive emerging industries, and promote the integration of technological and industrial in
novation, thereby fueling economic progress.
According to China’s National Bureau of Statistics, in 2024, the added value of new industries, business formats, and models represented 18.01 percent of China’s GDP, a 0.43 percentage point increase from the previous year. China boasts the largest R and D workforce globally, leads in top-tier science and technology innovation clusters, and is home to over 460,000 high-tech enterprises. Breakthroughs in open-source AI models and novel therapeutics continue to surface, with sectors such as intelligent drone manufacturing and smart automotive equipment thriving.
In the first half of this year, China’s high-tech manufacturing industry witnessed a 9.5 percent growth in added value. Foreign investment in high-tech sectors saw substantial growth, with marked increases in foreign capital usage in the e-commerce service, chemical pharmaceuticals manufacturing, and aerospace equipment manufacturing sectors.
A recent visit by a board delegation from the U.S.-China Busines
s Council, comprising senior executives from leading American firms, observed China’s commitment to further expanding high-level opening up. This is crucial for foreign companies, including U.S. enterprises, looking to invest and grow in China.
Amid rising unilateralism and protectionism, China’s policy stability and long-term planning for high-level opening up are particularly significant. China has introduced 24 pro-foreign investment measures, 20 specific measures aimed at stabilizing foreign capital, and policies ranging from “negative lists” to “zero-tariff treatment” to foster a market-oriented, law-based, and world-class business environment.
China is also broadening trials to open sectors such as telecommunications, medical services, and education, promoting biomedicine opening, and encouraging foreign companies to make equity investments, solidifying its status as a preferred destination for foreign investment. China remains committed to expanding its openness to the global economy.
In an era wher
e the world economy faces numerous challenges, China provides greater certainty through stable development and offers new opportunities for countries by continuously expanding its openness.
As the 14th Five-Year Plan (2021-2025) draws to a close and the 15th Five-Year Plan (2026-2030) approaches, China aims to address an uncertain external environment with robust policies, capitalize on development opportunities, and sustain economic recovery and improvement.
As China pursues high-quality development, it seeks to offer broader market, investment, and growth opportunities to the world, fostering common development with various countries.