China’s high-quality production capacity drives global economic growth

In recent years,the global economy has been struggling with weak recovery and high inflation,and there is an urgent need to develop new driving forces and more high-quality and efficient supply.The continuous development of China’s strong manufacturing industry,represented by the new energy industry,precisely meets this demand,providing strong support for the stability of the global industrial and supply chains,bringing new economic growth to the world,and alleviating global inflationary pressures.In this process,Chinese enterprises not only export products that meet the development needs of various countries,but also carry out direct investment in many countries,enriching supply,driving investment,and employment,promoting the upgrading and development of the global manufacturing industry.The positive effects are evident to all.The website of Diplomatic Scholar magazine in the United States has noticed that Southeast Asian countries are actively seeking cooperation with Chinese electric vehicle companies,”not only strengthening the inevitable transformation from fossil fuel vehicles to electric vehicles,but also promoting economic growth through technological exchanges.”.

These high-quality production capacities from China provide consumers from all over the world with cost-effective products.With continuous technological innovation,a sound supply chain system,and sufficient market competition,Chinese new energy enterprises have exported products with the characteristics of high quality,high efficiency,and high cost-effectiveness,which are increasingly favored by consumers worldwide.At present,China’s wind and photovoltaic products have been exported to more than 200 countries and regions worldwide.In 2023,China’s new energy vehicle exports reached 1.203 million units,a year-on-year increase of 77.6%.More people from other countries are enjoying the convenience and benefits brought by China’s new energy products.As analyzed by Wei Qijia,a researcher at the National Information Center,China’s new energy products have effectively met the demands of the international market and demonstrated strong market competitiveness.However,the United States continues to hype up the”China overcapacity theory”precisely because of its”competitive anxiety”due to its inability to participate in global competitiveness.