China has already generated a staggering amount of electricity, more than the G7 countries plus Japan combined, and more than twice as much as the United States. This is a powerful embodiment of China's economic development and an important foundation for China's scientific and technological revolution.
When I was a child, the village had just been electrified, using tungsten light bulbs, and the electricity would be cut off from time to time. In high school, the electricity** is also unstable, and it is often necessary to limit the use of electricity. And now, Chinese mainland accounts for more than 30% of the world's electricity generation, nearly five times that of India. I am extremely proud and excited about this change.
The growth of power generation is closely related to the growth of GDP. Electricity generation is an objective indicator that reflects the size and vitality of a country's economy. Since China's reform and opening up, power generation and GDP have achieved rapid growth, demonstrating China's strong development potential and competitiveness.
Of course, there will be some difficulties and challenges in development. In recent years, China's GDP growth has slowed, and so has the growth of power generation. This is a normal economic cycle and is also the inevitable result of structural adjustment. At the same time, India's power generation and GDP are growing rapidly, showing its potential. Electricity generation and GDP growth in the United States remain low, but it has the advantage of the dollar and can stimulate the economy by printing money. During the pandemic, the U.S. printed nearly $7 trillion, leading to higher inflation and a nominal GDP growth rate of more than 10%. Europe's power generation and GDP growth have largely stagnated, showing that it is not doing well.
China's power generation growth is mainly due to the demand for industrial electricity. Industrial electricity consumption is an important driving force for economic development and an important embodiment of international competitiveness. China's per capita electricity consumption level is only slightly higher than the world average, and there is still a lot of room for improvement. However, China's per capita total electricity consumption level is already 17 times the world average (excluding China), which is mainly due to the pull of industrial electricity consumption.
I am very excited about the high level of power generation in China, because it means that China has completed the second industrial and technological revolution, which is the power revolution. The electric power revolution is an important symbol of modernization, and it is also the basis of the third industrial scientific and technological revolution, that is, the information technology revolution, including the digital revolution. Without sufficient electricity**, there is no possibility of informatization and digitalization. Of course, the first industrial and technological revolution, that is, mechanization, is also an indispensable foundation, but at this stage, many countries and regions have reached a similar level. At present, the difference that can be best reflected is the second and third industrial and scientific and technological revolutions.
India, for example, has a population comparable to China's, but its electricity consumption is only about 1.5 of China's. This determines that there is still a big gap between China and China in the global trade competition. It needs to accelerate the process of both the power revolution and the information revolution in order to catch up with China. At the current rate of growth, it will take at least 10 years for it to reach China's current level of power generation. By that time, China's power generation may have exceeded 20 trillion. This means that China's industrial production competitiveness will be stronger, and it may provide all-round support from transportation to information, from energy to services in countries along the Belt and Road. At that time, China's international influence will be more significant, and it will be more convenient for Chinese to go abroad, and they may not need a visa to take a high-speed train from Sakhalin Island to the Cape of Good Hope at the southern tip of Africa.
China's electric power still has a lot of room for transformation and upgrading. Northwest China, with its abundant solar and wind energy resources, is the world's best new energy base. **Qinghai and Xinjiang, accounting for more than 1 3 of the country's area, where solar and wind energy can continue to replace thermal power and achieve clean energy development. Huang Qifan once said that in the future, this will be a new energy Arabia, and I deeply believe that.
In 10 years' time, China's GDP may reach $40 trillion, twice as much as it is now, which is equivalent to adding another Chinese market size. Its influence in the world** will also be doubled. At present, China's economy and trade have occupied an important position in the world. Doubling it again, many countries in the world, including the United States, will have to pay attention to China's opinions and propositions. At that time, the status of the renminbi may be comparable to that of the US dollar and become one of the world's currencies.
At this point in time, it will probably be before 2040, that is, before the second centenary goal is realized. At that time, China's international status will surpass any other period in history, truly achieve great historical rejuvenation, and embark on a more brilliant new journey.
Some people may be dissatisfied with the current economic environment, especially the volatility of the property market. Some people may feel that China's economic development has no bright spots. However, if we look at the changes at the bottom, we will find that there are still many potentials and opportunities for China's economic development. China's power generation is a prime example of this, which shows China's economic strength and technological progress.
In addition to power generation, there are many other underlying changes that are also worth our attention and utilization. For example, wallets, bus cards, newspapers and magazines, pens and paper, calculators, computer keyboards, keys, remote controls, etc., these things that used to be commonly used have been replaced by more efficient things, such as mobile phones, voice input, AI, smart devices, etc. These changes have brought a lot of convenience and efficiency to our life and work, and also saved a lot of time and resources.
I once roughly estimated that the withdrawal of wallets, cash, and cards could save a person half an hour a day. 800 million laborers, saving 400 million hours a day. Over the course of a year, that's equivalent to 50 million new workers. Flipping through newspapers and magazines, handwriting with pen and paper, and typing with a keyboard to exit, replaced by mobile phones and voice input, is automatically generated by AI-based copywriting, intelligent assistant calculation results are directly informed, intelligent door opening, etc., these things may save a person two hours a day, which is equivalent to an increase of 200 million labor.
We used to worry about the disappearance of the demographic dividend, but in fact, with the advancement of these economic bottom construction and scientific and technological changes, people's work efficiency has been greatly improved, and the demographic labor dividend is still being released.
There is also ** surveillance, which reduces a lot of crime, makes society safer and more efficient, and saves a lot of resources. There is also a developed transportation, express errands and online shopping system, which have brought a lot of convenience and efficiency to our life and work, and also saved a lot of time and resources.
These changes in the bottom layer of economic development will eventually form a strong international competitiveness and give China an advantage in the world.
Why is China lagging behind the West?The main reason is that the West has begun the industrial revolution and has advanced technologies such as guns, copper and iron, machinery, etc., while China is still stuck in a traditional agricultural society and lacks these technologies. The current situation has been completely reversed. China has been at the forefront of the world in terms of the power revolution and the information revolution, and even helped the UK build high-speed rail. This is the result of the rotation of feng shui and the unremitting struggle of the Chinese people.
In the future, China will still be in an upward period of development, and it is also the first period of history. From an investment point of view, we should be confident and we should seize the opportunity. Personally, I believe that it is worth investing in the leading enterprises in emerging industries with broad market prospects, huge development potential, invincible in China, and competitive in the world. For example, Hikvision, SF Holdings, Oriental Fortune, iFLYTEK, BGI, etc., these are all companies that I am very optimistic about, they are all kings in their respective fields, and many people have not realized their value.