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
Jessica Simpson, 43, shares makeup
Jessica Simpson exuded an air of mystery in a social media post Friday.The 43-year-old, who donned s2024-05-19ReelFocus Project selects fresh blood for film industry's future
A short film section of the 14th Beijing International Film Festival (BJIFF), held on April 19, hope2024-05-19ReelFocus Project selects fresh blood for film industry's future
A short film section of the 14th Beijing International Film Festival (BJIFF), held on April 19, hope2024-05-19China's film industry seeks financial solutions
Prominent film executives gathered in the Chinese capital on April 22 during the 14th Beijing Intern2024-05-19China box office tops 215 mln USD over May holiday, craves more hits
Director Zhang Yimou (2nd R), actress Ma Li (2nd L), actor Lei Jiayin (1st R) and Liu Yaowen pose fo2024-05-19Kentucky governor predicts trip to Germany and Switzerland will reap more business investments
FRANKFORT, Ky. (AP) — Kentucky Gov. Andy Beshear predicted Thursday that his recent economic develop2024-05-19
atest comment