Xinhua Headlines: What China’s new economic pivot means for the world

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The just-concluded Boao Forum for Asia (BFA) Annual Conference 2024, which ran from Tuesday to Friday, spotlighted China’s accelerating high-quality development, drawing keen attention and great anticipation from Asia and beyond.

In the face of mounting uncertainty and pressure in the international landscape, China remains a leading economic engine among major economies with a 5.2-percent growth last year.

Innovation in China is on the rise indeed. With sustained double-digit growth in R&D investment, China’s national innovation index ranked 10th in the world in 2023, up three slots from a year before.

China is leading in many green technologies. In the long run, China’s progress in green technology could help tackle the climate challenges.

BOAO, China, March 30 (Xinhua) — On a flat ground in the Mymensingh district in north-central Bangladesh, some 169,000 solar panels are laid in rows, converting sunrays into electrical power.

Now, the 50 MW photovoltaic power plant serves as an epitome of Bangladesh’s booming green power development, as the South Asian country has announced the decision to reduce carbon dioxide emissions by 2030.

“Now electricity is being generated from sunlight,” Md Nasir Uddin, a local villager, told Xinhua. “Many of our sons, daughters, and relatives are working in this power plant, it has benefited us greatly.”

A microcosm of cooperation and common development among Asian nations, this green project built with Chinese investment offers a glimpse into the fruition of China’s long-standing commitment to win-win cooperation and high-quality development.

The just-concluded Boao Forum for Asia (BFA) Annual Conference 2024, which ran from Tuesday to Friday, spotlighted China’s accelerating high-quality development, drawing keen attention and great anticipation from Asia and beyond.

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