Ding Ke: Optimizing China’s response to Covid-19,
China’s economic prospects in 2023 look promising, Ding Ke, a senior researcher at the Institute of Developing Economies of the Japan External Trade Organization, said in a written interview with Xinhua news agency. He noted that this has happened given the optimization of China’s response to Covid-19, and that the economy is likely to see a robust recovery this year.
Several international financial institutions are optimistic about the prospects of the Chinese economy. He estimated that a GDP growth of more than 5% could be achieved. Speaking about China’s competitive industries, Ding praised the digital economy and that the country leads the world in the number of factories that act as beacons, i.e. lead the way to Industry 4.0 and represent the highest level of smart manufacturing. global.
The digital economy accounts for about 40% of China’s GDP and the proportion is increasing, noted Ding, adding that not only at the consumer end, but at the production end, digital transformation is also growing.
Ding said that digital transformation is a typical general-purpose technology, and a country that continues to invest in this field and strives to maintain its leading position in the world will see a significant increase in productivity in the long term. The researcher also believes that China has great advantages in other industries, such as new energies and electric vehicles.
China is the world’s largest solar cell and wind power equipment manufacturing base, and has overtaken Germany in auto exports to become the world’s second largest thanks to the explosive development of its electric vehicle industry, Ding added. .
“As long as China has the ability to continuously cultivate new industries, break new ground and enable the rapid growth of start-ups, its economic development will always remain dynamic,” believes Ding.