Washington, 6 Feb (Xinhua) -- Chinese Ambassador to the United States Xie Feng pointed out in his speech at a special Spring Festival reception for overseas Chinese scholars on 5 February that the "theory of China's economic collapse" has repeatedly collapsed, and the "theory that China's economy has peaked" has no factual basis.
Xie Feng said that China's epidemic prevention and control has taken a steady turn, high-quality development has been steadily promoted, high-level opening-up has continued to expand, and the path of Chinese-style modernization has become broader and broader.
Xie Feng pointed out that China's economic report card is full of weight and good quality, with reasonable growth in both "quantity", and GDP increased by 5 percent year-on-year2. It ranks among the best among the world's major economies, with an increase of more than 6 trillion yuan alone, which is equivalent to the total economic output of a medium-sized country in a year; In addition, the "quality" has been effectively improved, the role of the main engine of consumption has been highlighted, the formation of new quality productivity has been accelerated, the investment in high-tech industries has maintained double-digit growth, and the export volume of the "new three" has exceeded the trillion yuan mark; It has a solid foundation of "stability", has the advantages of a super-large-scale market, a complete industrial system, and a labor force of nearly 900 million. There is also a broad space for "advancement", the middle-income group will reach 800 million in the next ten years, and the scale of the digital economy is expected to reach 15 in 20277 trillion US dollars, a number of high-end, intelligent, green new pillar industries have risen rapidly.
Xie Feng said that the "theory of China's economic collapse" has repeatedly collapsed, and the "theory that China's economy has peaked" has no factual basis. Whether it is a tariff war, a science and technology war, or a cognitive war, they cannot stop the pace of China's high-quality development.