Traditional Chinese medicine becomes health envoy in facilitating people exchanges between China and Latin America

Over 2,000 years ago, traditional Chinese medicine (TCM) spread to the world along the ancient Silk Road. In the decade since the launch of the Belt and Road Initiative (BRI), TCM has continued to traverse the world, building "health bridges" and promoting exchanges and mutual learning among countries.

Over this bridge, experts from the Hebei University of Chinese Medicine (HEBCM) visited Brazil from October 28 to November 10, 2023. During the period, they organized seven popular science exhibitions, four academic lectures, and more than 10 free clinics in three Brazilian cities, further promoting the recognition of TCM by the Brazilian public.

Through these activities, TCM, an ancient treasure of Chinese wisdom, is serving as a health ambassador to help promote people-to-people exchanges and cultural integration between China and Latin American, as well as the whole world.

Unexpected popularity

"Via our activities, the Brazilians deeply experienced the advantages of 'simplicity, affordability, and effectiveness' in TCM diagnosis and treatment. Many people have expressed that TCM is truly amazing, and as a result, we have gained a group of fans, some of whom followed the delegation throughout the 14-day visit, while others expressed their intention to come to HEBCM to study TCM," Gao Weijuan, president of the HEBCM, told the Global Times.

When asked about her first impression during the visit, Gao said that she did not expect that TCM would enjoy such a high level of popularity among the Brazilian people.

From what I learned during the visit, there are nearly 200,000 TCM practitioners in various regions in Brazil. Acupuncture has also been incorporated into the Brazilian public healthcare system (SUS), Gao said.

Brazil is one of the Latin American countries that first incorporated TCM into its public healthcare system. In 2006, the Brazilian Ministry of Health implemented the National Policy on Integrative and Complementary Practices of the SUS, which included acupuncture and other TCM practices in the system, allowing more Brazilians to access services through Chinese medicine.
Mesa is a teacher at the University of Brasília and a student signed up for the online acupuncture class at the Confucius Institute of Traditional Chinese Medicine at the Federal University of Goiás (FUG).

After learning about the effectiveness of TCM in treating bone and joint diseases, rheumatic joint muscle pain, and neurasthenia, Mesa has been looking forward to personally experiencing the magic of acupuncture. Upon learning that the online class instructor, Zhang Xuanping, was coming to Brazil together with the delegation, she specially traveled from Brasília to Goiania to attend the acupuncture lecture and get insights into the effectiveness of the ancient form of treatment.

"This time I appreciated the benefits of TCM's involvement in Brazilian public health; I think it is truly good," Mesa said.

Douglas, a student from the Confucius Institute of TCM at FUG, not only followed the expert team throughout their activities in Goiania, but also drove 200 kilometers to Brasília with the team to follow their activities.

Douglas is a physical education teacher. He believes that TCM techniques such as acupuncture, massage, cupping, and bone setting are "extremely miraculous" and have extraordinary therapeutic effects on sports injuries.

The welcome and recognition of TCM by the Brazilian public were fully demonstrated during the HEBCM delegation's medical consultations.

On the first day, patients were mainly students from the Confucius Institute, but the effectiveness of the treatment spread by word of mouth, and on the second day, a large number of patients from the surrounding area attended. On the third day, the number of patients doubled, said Wang Xu, the Chinese director of the TCM Confucius Institute at FUG.

According to Gao, the delegation's clinics attracted a total of 1,800 patients over a period of 14 days.

A good reputation was built on solid technology and the effectiveness of the treatment.

Doctor Du Shuangqing from the HEBCM is famous for being good at using uses TCM bone-setting techniques to treat diseases such as lumbar disc herniation and neck and shoulder pain. After a few minutes of treatment, patients might experience significant pain relief and improvement in walking posture.

Du, at the lectures in Brazil, revealed that one of his patients, who had been unable to squat for three years and experienced mobility difficulties while climbing stairs, was initially advised to consider surgery by a Brazilian doctor. However, after receiving TCM bone setting treatment, the patient could not only squat down, but could also easily climb stairs without the need for surgery.

Du said that he used to prefer surgical solutions as well, but as his bone-setting techniques improved, the need for surgery decreased while the treatment outcomes improved.
In addition to Brazil, other Latin American countries such as Argentina, Chile, Peru, Cuba, and Venezuela are also increasingly focusing on learning the concepts of TCM.

Some countries have already incorporated TCM into their medical schools' curriculums, while others are exploring the possibility of cooperation with Chinese medicine institutions.

A staffer at the International Education College, the Shanghai University of Traditional Chinese Medicine (SHUTCM), surnamed Lu, told the Global Times that Latin American experts, and young students have been some of the most enthusiastic participants in the SHUTCM summer schools for foreigners.

Since 2012, 48 students from this region have attended SHUTCM's summer schools. Other workshops for senior health officials from countries associated with the BRI have seen 44 participants from Brazil, Argentina, and Chile.

Upgraded cooperation

The HEBCM expert delegation also witnessed upgraded cooperation between HEBCM and FUG.
On October 30, 2023, a brand new TCM diagnosis and treatment center was officially unveiled at the TCM Confucius Institute, FUG, the only Confucius Institute of TCM in Latin America.

Camila Cardoso Caixeta, director of the School of Nursing, FUG, hailed the inauguration of the center, saying that it marks the beginning of a new chapter in history - the school is about to become a beacon of TCM in the state of Goiás and Brazil as a whole.

"The immersive and continuous training conducted by Chinese experts for our team signifies an important step toward providing high-quality and comprehensive care," she said.

Brazil has abundant plant resources and a tradition of using herbal medicine, but there is a lack of understanding and application of herbal medicine. Based on this, there is vast potential for cooperation between China and Brazil in the development and utilization of medicinal plant resources, according to Gao Weijuan.

Shortly after the HEBCM expert delegation's visit to Brazil, a senior delegation from the FUG consisting of the university's vice president Jesiel Freitas Carvalho, Caixeta, and Brazilian president of the FUG Confucius Institute of TCM Francisco Jose Quaresma de Figueiredo paid a visit to HEBCM on December 4.

The two universities conducted consultations on the details of jointly launching a professional nursing master's education program and co-establishing the International Joint Research Center for TCM acupuncture in Hebei, and have reached preliminary consensus on the content of the aforementioned project cooperation agreement.

Both parties expressed their hope to continue to work together to promote the high-quality development of the Confucius Institute of TCM, and at the same time, expedite the implementation of new projects and deepen cooperation in the teaching and research of TCM and nursing.
In order to further promote the development of TCM in Brazil, Reginaldo Filho, founder and director general of Faculdade EBRAMEC (which stands for Brazilian College of Chinese Medicine), also visited the SHUTCM in October 2023. During the visit, Filho showed great interest in the SHUTCM's self-invented instruments for the modern application of TCM, and had deep conversations with the university's staffers on topics including the theories and clinical practices of TCM, and possible further cooperation in this field, according to Lu.

Health ambassador

TCM is becoming a popular healthcare approach in Latin America, promoting exchanges and integration between China and the world with its unique charm. It also has become a unique channel for people in Latin American to learn about Chinese culture.

In Brazil, the channel was based on the function of the Confucius Institute of TCM, FUG. Founded in October 2019, the institute hosted a total of 41 classes as of the end of December 2023, including 27 levels of Chinese language classes, and 14 classes on the overview of TCM, acupuncture, massage, and Tai Chi, attracting a total of more than 700 students.

Nearly 100 cultural exchange activities related to Chinese culture have also been held. An online Chinese Bridge project with a TCM theme was hosted, attracting students from nine countries including Brazil, Canada, and Egypt to learn Chinese and TCM courses, promoting the global understanding of TCM.

TCM is a precious gem of ancient Chinese science and also a key to unlocking the treasure trove of the Chinese civilization. China has attached great importance to TCM, and the inheritance, innovation, and development of the ancient medical science have ushered in a favorable condition for the industry as a whole.

As a facilitator of cultural exchanges between China and other countries, TCM is not only a beautiful calling card, but can also showcase its inherent unique charm, attracting Brazilians to experience Chinese medicine and understand China, and promote people-to-people connectivity, Gao noted.

In the future, the Chinese TCM industry should increase the cultivation of high-level talent, especially cultivating students' international perspectives and building a first-class talent pool.

"We should closely integrate with the BRI, firmly go global, not only to Latin America but also to Southeast Asia and Europe, so that the therapeutic effects of TCM can benefit people in countries and regions around the world," Gao stressed.

2023 Yearender: Story of Village Super League top scorer’s pursuit of sports dream portrays a more vibrant countryside

Editor's Note:

The end of the year and the start of a new one is a time for reflection and anticipation. Throughout 2023, the Chinese society has undergone various developments and changes, which manifests the exploration and practice of the Chinese path to modernization.

In light of this, the Global Times is launching a series that elaborates on this unique path through the stories of ordinary people's New Year's wishes. These wishes serve as a window to the changes and achievements of Chinese society as Chinese modernization has brought Chinese people more concrete consensus, a more vibrant countryside, more imaginative innovation, more balanced education, a more dignified old age with stronger security, and a more confident civilization. This shows that Chinese modernization is the prerequisite and driving force for the great rejuvenation of the Chinese nation.

This is the second installment in the "Wish List" series, telling the story of a soccer player from the Village Super League in Southwest China's Guizhou Province who has realized his dreams through sports over the year and witnessed the tremendous changes in his hometown. As 2024 approaches, he makes a wish to score more goals with his teammates and lift the championship trophy. If possible, he also dreams of competing with world-class soccer stars. His wish portrays a more vibrant countryside brought about by Chinese modernization.
As the year ends, Dong Yongheng busies himself with the year's final to-do list.

Media line up to interview him, eager to hear a rundown of the last year from the Village Super League top scorer; after being hired as a soccer consultant for local primary and secondary schools, he has assumed the role of instructor, teaching students about soccer in a weekly class; his family's rice starch roll diner is booming, and equally demands his attention… At the beginning of the year, Dong didn't imagine such an eventful life.

Back to the end of July, on a sultry night, the open-air sports stadium in Rongjiang county, Qiandongnan Miao and Dong Autonomous Prefecture of Guizhou was transformed into a spectacular carnival site. Crowds surged, drums roared, and locals dressed in splendid ethnic attire, singing and dancing. Tens of thousands of spectators arrived, eagerly anticipating the birth of the first Village Super League champion.

As the leader of the "Loyalty" team, Dong and his teammates - friends with whom he has played street soccer for years - emerged under the pitch floodlights. For two months prior, they had been striving toward this very goal.

An opening goal, an equalizer, a comeback, a buzzer-beater… no winner emerged from the 90-minute match. In the penalty shootout round, the "Loyalty" team narrowly lost.

After failing to lift the championship trophy with his teammates, Dong felt a sense of regret. "The ball is round," he consoled himself with the famous words of Sepp Herberger, the former West Germany national team coach who created the "Miracle of Bern."

Soon after, however, he was happily lifting the tournament's top scorer prize - several Rongjiang small fragrant chickens - and was overcome by the joy of soccer.

That match became the most memorable moment of 2023 for him.

Dong recalled that at the beginning of the Village Super League competition, only team cheerleaders would be present at the stadium, but as the competition's popularity grew through social media and celebrity visits, the fame of the Village Super League also increased. "One afternoon, as I drove past a bridge near the stadium, I found the whole place filled with spectators."

"I realized that our Village Super League had really shot to fame, which was unbelievable," he told the Global Times.

Dong started playing soccer during the 2002 Korea-Japan World Cup. Never having received professional soccer training, he has always been a street soccer kid. At the beginning of the Village Super League competition, he just wanted to participate as part of a fitness kick.

As the event gained more attention, he began to build team stamina by reviewing past game footage, and studying opponents' weaknesses. "As a soccer enthusiast, I can show my skills and keep fit; and for Rongjiang, we have really made a name for ourselves," he said.

After a year of "craziness," Dong feels his life has become more fulfilling. "Before, life might have been just about daily necessities, but through the Village Super League, I began to pursue my passion. My life has become more colorful," he said.

Dong still runs his rice starch roll diner. He is personally overseeing everything from the rice wrapping to the filling and the cooking of the establishment's offerings.

"Making rice starch rolls is a very tedious task, similar to challenges in soccer, but once you get through them, you will be pleasantly surprised," he said.

Dong's carefully made rice noodles have received high praise from customers and he was even crowned the "Rice Starch Roll King" of Rongjiang in 2022. Becoming a top scorer in the Village Super League made his shop even more popular, selling out every day by 10 am.

"I am the best soccer player among those who wrap rice starch rolls, and the best at wrapping rice starch rolls among soccer players," he laughed.

When asked about his dream in soccer, Dong said: "I want inspire young people to persist and not give up in the face of difficulties with my personal experience. If I have the chance, I want to compete with my idol Messi."

And his goal for the New Year is clear - to win the Village Super League championship alongside his teammates.
A colorful fest

The Village Super League, or "Cun Chao," was created by the locals and primarily features village players in Rongjiang. Since its inception in May, it has rapidly gained popularity online, attracting numerous soccer tourists. It has brought joy to the villagers and spectators, and boosted the local economy, allowing the world to recognize the colorful culture of Rongjiang and Guizhou, and showcasing the happiness of Chinese rural life.

Match venues are regularly packed, with tens of thousands of spectators per game, sometimes exceeding 50,000 fans at peak times. The event has enjoyed sustained online popularity, with over a hundred related topics on Douyin alone, garnering over 5 billion views.

Notable figures, including Chinese soccer commentator Han Qiaosheng, Foreign Ministry spokesperson Hua Chunying, and British football legend Michael Owen, have all praised the event on their social media accounts, showing its immense influence and widespread appeal.

A Yahoo Finance article stated that the Village Super League is a passion that transcends sports. The simple times are history; villagers no longer worry about affording food or clothing. They have more confidence in their lives and strive for better things. The Village Super League showcases the vitality of rural life and people's hopes for the future.

Similarly, An Asia International News article mentioned that this rural soccer event has awakened a sleepy Chinese county amid a tourism boom. The surge in tourists has been a boon for Rongjiang's economy, with visitors flocking to rural areas, purchasing local delicacies, staying in villagers' homes for a fee, and engaging with local ethnic minorities to learn about their respective cultures.

The success of the Village Super League goes beyond the soccer field. During the event, the area around the field becomes a stage for cultural display, allowing spectators to enjoy not only exciting soccer matches but also local ethnic minority cultures. Vibrant ethnic costumes, melodious music, and enthusiastic dances all showcase the area's rich cultural heritage. Moreover, local specialties have found a great platform for display and sale during the event.

The Village Super League has helped locals create new income sources, bolstering the local economy and promoting rural tourism and cultural industries. During the 2023 Dragon Boat Festival in June alone, Rongjiang, a small county with a population of just 385,000, welcomed 358,900 visitors, a 345.84 percent increase compared to 2022, generating a total tourism revenue of 444 million yuan ($62.2 million).

The success of the Village Super League reflects the stability and development of the nation. In November 2020, Rongjiang county, as one of the last nine counties to be removed from the poverty list in Guizhou, marked a significant milestone. The unprecedented poverty alleviation campaign has helped Guizhou shed its old label and leap forward by centuries. According to the Xinhua News Agency, since the 18th CPC National Congress in 2012, Guizhou has lifted 9.23 million people out of poverty at a rate of over 1 million people annually, the highest number in China.

The report to the 20th CPC National Congress also highlights the comprehensive promotion of rural revitalization, calling for coordinated rural infrastructure and public service layout to build livable and business-friendly beautiful villages. In recent years, culture, sports, and technology have continuously empowered rural revitalization, increasing people's happiness and creating a more vibrant rural atmosphere in China.

Dong feels deeply about the changes in his hometown. "When I was in college, it took over 8 hours to travel from Rongjiang to Guiyang, the capital of Guizhou. Now, with highways and high-speed rail, it only takes a little over an hour."

"It is only because the country is prosperous and the hometown has shaken off poverty that we have enough time to participate in such competitions and have such enthusiasm and unity. The success of the Village Super League is the result of everyone's joint efforts," he said.

According to Dong, the new season of the Village Super League will kick off in January 2024 and last until about May, "to avoid clashing with major sports events like the European Championship held in the summer." Rongjiang will also host an invitation tournament in the second half of the year. He heard that teams from countries participating in the Belt and Road Initiative (BRI) will also come to compete.

The Premier League of England has already taken action. In late November, a delegation from the Premier League, led by senior international advisor Graham Robinson, conducted a cooperation survey in Rongjiang county. They subsequently signed a strategic cooperation memorandum with the Village Super League management center to aid the sustainable and healthy development of Chinese soccer. In mid-December, the first training session organized by the Premier League commenced in Rongjiang, where 44 soccer players, referees, and coaches from the Village Super League learned about training techniques and coaching philosophies.
Showing vitality to world

The Village Super League is just one of many examples that showcase the vitality of rural China.

This spring, a young model from the rural area of South China's Guangxi Zhuang Autonomous Region took Paris Fashion Week by storm.

Lu Xianren, born in 1999 in Hengxian county, Guangxi, stood out with his meticulously tailored black suit, pristine white trousers, and unique hairstyle.

Unlike traditional models, Lu's journey began on a country road in Guangxi. In 2019, he left his job in Guangdong and returned to Guangxi with dreams of making short videos. His fashion creations, made entirely by hand using materials from woven bags to old lampshades, leaves, and branches, revealed his unique fashion sense.

In the vast fields, Lu Xianren showcased the "mod" of China's countryside to the world. In a recent interview, he said that as a new face on the international runway circuit, he represents a new force, a driving power, and new opportunities.

The growing popularity of short video content creators has thrust the likes of Lu Xianren to the fore, introducing a vibrant and colorful rural world that is not only rich but also culturally diverse to the international stage.
In recent years, with the acceleration of rural revitalization, a new generation of young people's innovative ideas has flocked to the countryside, injecting fresh energy and vitality into rural development. Their new ideas and technologies have further boosted the momentum of rural revitalization.

The Global Times learned from the China Agricultural University that the school established its first "science and technology backyard" in Quzhou county, North China's Hebei Province, in 2009, and the project has expanded nationwide, seeing the establishment of 139 courtyards across 91 counties in 24 provinces. These have not only solved practical agricultural problems but also cultivated a group of idealistic and capable agricultural science and technology talents.

In Xihuai village, Tongzhou district, in the suburbs of Beijing, a new variety of ice cream-flavored radish was introduced through the "science and technology backyard," enhancing the market competitiveness of local agricultural products. Students also teach farmers how to use online platforms to sell products, opening up new channels of income.

In Gusheng village, Dali of Southwest China's Yunnan Province, the focus was on the environmental protection of Erhai Lake and green agriculture. Students worked daily with villagers to test water quality and explore sustainable development models.

Hao Jiaxuan, a graduate student from the China Agricultural University stationed in Gusheng village, shared with the Global Times that initially, it was not easy to join the villagers' tables. However, through continuous communication, they became friends.

Hao and his team have provided the locals with healthier and more environmentally friendly dietary suggestions related to Erhai Lake. The "science and technology backyard" there also organized various training programs according to the actual needs of the villagers, including water saving, hydration and nutrition knowledge popularization, and waste management.

The influence of the "science and technology backyard" has crossed national borders and extended to international cooperation projects. A student from Burkina Faso who studied at the Sino-African Science and Technology Courtyard in Quzhou county, Hebei Province, for example, learned the entire process of growing grains, from seed selection to plowing and fertilizing. After returning home, he applied these techniques, doubling millet yields.

In recent years, more and more young people have been pouring into underdeveloped areas of China, venturing into rural communities, becoming a new force in the process of rural revitalization. Their arrival not only injects vitality into rural areas previously plagued by the issue of workforce flight, but also helps young people to "remember their hometowns." Those who choose to work and develop in rural areas grow in their roles, finding a sense of belonging and achievement.

Indeed, every innovative step on this vibrant land is a testament to the rhythm of the Chinese path to Modernization. This is not just a story of rural revitalization but also about a nation keeping pace with the times, drawing its grand blueprint in the process of national inheritance. This land reflects the soul of modern China - a magnificent panorama of a nation forging ahead in pursuit of its dreams through down-to-earth work.

Central Asian experts consider China a trustworthy strategic partner, expecting deeper cooperation

Experts from Central Asian countries emphasized the importance of prioritizing the strategic partnership with China at a meeting held in Beijing on Thursday.

The expansion of cross-border transport corridors can bring enormous opportunities and contribute to the economic recovery of countries in the region, they said at the China-Central Asia Economic and Trade Governance Dialogue.

The dialogue attracted more than 10 experts and scholars from China and Central Asian countries, who jointly explored how regional economic and trade cooperation under the framework of the Belt and Road Initiative (BRI) could move toward more sustainable development.

Afzal Askarovich Artikov, chief researcher at the Center for Economic Research and Reform under the Administration of the President of Uzbekistan, stated that the countries in Central Asia are China's tested partners and are willing to engage in sustainable dialogue with China, which is also in the interests of the people of the region.

"We should establish a closer China-Central Asia community with a shared destiny, ensure the security of transportation corridors and important strategic passages, establish long-term economic and trade cooperation plans, and enhance exchanges between think tanks," he said.

It is necessary to promote regional cooperation mechanisms, and there is also widespread anticipation for new economic dialogue platforms, he noted, adding that it is entirely possible for China-Central Asia trade volume to double by the end of 2030.

Artikov specifically mentioned the anticipation for the early completion of the China-Kyrgyzstan-Uzbekistan railway.

In September 2022, China, Kyrgyzstan and Uzbekistan signed a memorandum of understanding on cooperation on the Kyrgyz section of the China-Kyrgyzstan-Uzbekistan railway, making significant headway in the construction of a transport corridor in the Eurasian continent, the Xinhua News Agency reported.

Meanwhile, the China-Europe freight trains through Central Asia, the China-Kazakhstan Horgos International Frontier Cooperation Center, and the China-Kazakhstan International Logistics Base in the eastern Chinese port of Lianyungang have all helped open the door to global markets for Central Asian countries.

The projects have not only promoted commercial activities among the six countries, but also brought people living in the region closer through cultural and people-to-people exchanges.

Zhang Jianping, senior researcher ofthe Chinese Academy of International Trade and Economic Cooperation, stated that China's free trade pilot zones, such as the Xinjiang Pilot Free Trade Zone and the China-Kazakhstan Horgos International Frontier Cooperation Center, should be utilized to leverage the effects of capacity, capital, and talent aggregation.

Over the past 10 years since the proposal of the BRI, the Horgos Port has been integrated into the core area of the Silk Road Economic Belt, continuously enhancing its level of openness, and expanding economic and trade cooperation with countries and regions along the BRI.

As the first cross-border economic and trade cooperation zone established by China with other countries, the China-Kazakhstan Horgos International Frontier Cooperation Center has attracted nearly 30 key projects in areas such as star-rated hotels, catering and entertainment, commercial facilities, and financial services, with over 3,500 registered merchants. It has become an important platform for economic and trade exchanges and cultural exchanges between China and Kazakhstan.

Kazakhstan and China officially implemented a visa-free policy on October 10, and the flow of people at the center continues to rise.

Zhang also emphasized that the potential for economic and trade cooperation between China and Central Asian countries has not been fully tapped. The five Central Asian countries and China can effectively improve the business environment and enhance the level of free trade by promoting and integrating with each other under the BRI framework

Yersultan Zhanseitov, head of the Chinese and Asian Studies Program at the Institute of World Economics and Politics, Kazakhstan, said he values the trans-Caspian international transportation corridor and the visa-free policy between China and Kazakhstan. Kazakhstan has not seen the same level of development speed and scale with any other country as it has with China, he noted.

According to an official announcement made in October at the third Belt and Road Forum for International Cooperation, China will participate in the construction of the trans-Caspian international transportation corridor, and collaborate on a new logistics corridor across the Eurasian continent linked by direct railway and road transportation.

Zhanseitov said he expects reinvigoration of the China-Kazakhstan Horgos International Frontier Cooperation Center following the pandemic, as it is China's gateway to the five Central Asian countries.

Li Jinfeng, executive director of the SCO Research Center and deputy secretary-general of Council on China Russia Strategic Partnership of Coordination at Chinese Academy of Social Science, stated that China's engagement with Central Asian countries is not like that of Western countries as China always hopes to understand the real needs of Central Asian countries and consider what China can offer accordingly. This was also reflected in this year's China-Central Asia Summit in Xi'an.

Central Asia countries were among the first to sign up to the BRI and they have been early beneficiaries of the initiative. This is because the BRI aligns with the development strategies of these five countries, such as Kazakhstan's "Bright Path" new economic policy, National Development Strategyof Tajikistan, and Turkmenistan's Revival of the Silk RoadStrategy, Li said.

The dialogue was hosted by the China Forum, Center for International Security and Strategy at Tsinghua University and the China Center for Contemporary World Studies.

Hungary: Hungarian art exhibition kicks off in Chongqing, builds cultural bridges

A total of 50 Hungarian art works were featured on Tuesday at the Chongqing Art Museum. The 2023 Western China Hungarian Cultural Festival and the 2nd Chongqing Urban Arts Festival with the theme "The Journey: Janos Fajo and The Pesti Workshop," were co-organized by the Chongqing Art Museum, the Liszt Institute Hungarian Cultural Center Beijing, the Consulate General of Hungary in Chongqing, and Central Bank of Hungary. 
Czégel Bálint, consul general of Hungary in Chongqing, Kohári Lajos, head of Department at the National Assembly of Hungary, Wang Rongfa, director of Chongqing Art Museum, and other guests attended the ceremony. 

This exhibition is to implement the Belt and Road Initiative (BRI) development strategy, strengthen the mutual understanding of civilizations and people-to-people communication with Belt and Road countries, and enrich the series of exhibitions of the 2nd Chongqing Urban Arts Festival to meet the high-quality spiritual and cultural needs of the public. 

More than 50 pieces were put on display at the exhibition ranging from oil painting to printmaking and other media. The works are rich in context, experimental, and of high artistic value, reflecting the contemporary style and unique artistic characteristics of Hungarian contemporary painting.

The exhibition runs until November 17, according to official Wechat account of Liszt Institute Hungarian Cultural Center Beijing.

Witness to History: Young Chinese engineer committed to industrial transformation in Africa as BRI dedicated to continent’s development

Editor's Note:

At the core of the Belt and Road Initiative (BRI)'s success around the world are talented individuals who dedicate their skills to the betterment of humanity. Among this talented pool is Chinese engineer Cao Fengze, who works for a Chinese state-owned company investing infrastructure projects in Africa and holds a PhD in Civil Engineering from Tsinghua University.

Cao has been involved in multiple crucial hydropower projects in Zambia, Lesotho, and Tanzania. Through his first-hand observations and long-term interactions with local people, Cao keenly points out that many African nations are currently trapped in a development dilemma, primarily due to a lack of systematic public resources to serve rapidly growing populations and underpin development. China's efforts in African countries through the BRI aim to offer support that enables them to overcome the Malthusian trap by providing sustainable public goods.

This story is a part of the Global Times' series of "Witness to history," which features firsthand accounts from witnesses at the forefront of historic moments. From scholars to politicians and diplomats to ordinary citizens, their authentic reflections on the impact of historical moments help reveal a sound future for humanity through the solid steps forward taken in the past and the present.

When Cao Fengze received a phone call from the Global Times reporters, he was on site at the bustling and dusty construction site by the Kafue River, the longest river located entirely within the African nation measuring an impressive 1,576 kilometers. About 90 kilometers south of Lusaka, the capital of Zambia, along the Kafue River, Cao is stationed at the Kafue Gorge Lower (KGL) hydroelectric power station, which is considered Zambia's Three Gorges Project and the first large-scale hydroelectric power station developed in the country in the last 40 years.

With steely determination, a hard hat and safety gear to boot, one would be hard pressed to imagine that Cao is indeed a graduate from China's prestigious Tsinghua University with a doctorate degree. His working environment is a marked departure from that chosen by his former classmates.

Witnessing and participating in a country's industrial transition and modernization efforts has reaffirmed Cao's faith in choosing an extraordinary path. As millennial, he did not get a chance to see China's transformation into an industrialized powerhouse, but thanks to Belt and Road projects in Africa, he has a front row seat to the transformational process in the continent.

BRI projects across Africa have wide-reaching effects for common citizens and entire countries alike. As the assistant director at the African branch of Power China's subsidiary Sinohydro Bureau 11 Co, he has witnessed not only how a Chinese-funded hydropower plant has benefited a small merchant, a village, but also how China empowers African countries with robust and sustainable development systems by providing them with accessible and affordable public goods.

Escape development dilemma

The story of a small trader in the Zambian capital of Lusaka highlight's Cao's own journey along with the BRI in Africa. Thompson, the owner of a grocery store in Lusaka, makes a living by producing and selling grain products and condiments like peanut butter and hazelnut spread. Before the completion of the KGL hydroelectric power station, exorbitant electricity prices and an unstable voltage coupled with frequent power outages meant that small business owners like Thomson suffered greatly.

Apart from the high cost of electricity being passed on to his customers therefore limiting his sales, small businesses like Thomson's would often be disconnected from the power grid, as they were believed to not have an emergent need for electricity. In March this year, however, things changed for the better after the completion of the KGL hydroelectric power station, which, at full capacity, increased Zambia's overall power generation by 38 percent. The increase means that nearly four out of every 10 people now have access to electricity thanks to the KGL station, and power outages in the capital are increasingly rare.

Cheap and stable electricity has reduced Thompson's overhead costs, which means cheaper product prices, increased sales, and a fuller wallet. Thompson regularly donates his food to needy children in Lusaka. The donated cereal is pre-cooked and specially crushed into fine powder, which can be brewed and consumed by adding clean water, considering that even a kettle is a luxury for the needy children in Zambia.

Thompson believes that food donation cannot fundamentally solve the root problem in his country because the local food production will likely never catch up with the rate of population growth - a typical manifestation of the Malthusian trap.

Thompson's story strengthened Cao's resolve to devote himself to breaking the Malthusian trap in Africa. "You could say Malthusianism is outdated in Western countries, but it is still an obvious problem in most African countries. Their population growth outpaces agricultural production and economic development, causing poverty and depopulation," Cao told the Global Times.
"The fertility rate in some major African countries is above 5, and a lack of female empowerment. If the effects of Malthusianism spill over, developed countries in the world could even be profoundly affected by this massive population change," Cao warned.

"The underlying logic of what we are fighting for here is to support their economic development to outpace the population growth, and we hope to accelerate this process. We can achieve this by supporting basic infrastructure development. As we all know, electricity is the cornerstone of modern life, as it is essential for the development of industries and communication services. Only then can private enterprises, local entrepreneurs, and traders come alive and fully contribute to a revitalized economy. Otherwise, the chances of breaking the cycle of poverty are very slim," Cao explained.

Zambia is far from the only African country faced with a power supply deficit. Cao recalled witnessing power outages in the East African country of Tanzania while working on another hydroelectric project. Comically, Cao was midway through a shower when the power went out, turning off the water, leaving the engineer lathered confusion. Though this is a funny personal memory, the experience encapsulates the challenges faced by ordinary people across the continent.

Currently, the total installed capacity of the KGL station project is 750 megawatts. According to an evaluation by Zambia's state-owned electricity company, ZESCO Limited, which commissioned the construction of the plant, the station can support Zambia's industrial development for the next 70, 80, or even 100 years.

Providing more opportunities

In Zambia, highly skilled technicians and workers are in extreme short supply. To cultivate qualified personnel to support the projects, the Chinese contractor has established a government-approved training school in Zambia. Students can receive free education and accommodation complete with a living allowance. The school offers six sorted professional training courses such as civil engineering, mechanical maintenance, welding, and surveying. At least 300 skilled talents in the field of infrastructure construction have successfully graduated from training center, and a large number of them chose to join Chinese-built hydroelectric power stations.

"If we truly bring tangible benefits to the local people and empower them in development, why would they be in opposition?" Cao questioned when he was asked about his take on baseless accusations made by some foreign media sources about local people protesting against Chinese BRI projects.

He noted that Chinese contractors also build schools, hospitals, and training centers near and around the projects to fulfill their social responsibilities as contractually agreed upon.

"But it's not like we are building charity or aid projects as many people image. On the contrary, these are standard profit-making projects based on the principle of mutual benefit and win-win cooperation," Cao stressed.

He believes the so-called claims of the Chinese debt trap and neocolonialism are "ridiculous," because "there are no creditors who don't want their debts to be paid on time."

Devoted in a foreign land
Engineer's passion and zeal were evident when he mentioned the progress that he has made each day. He said he felt a great sense of fulfillment when he knew his expertise was contributing to the development of a faraway land. But "extraordinary romance often implies extraordinary hardships," as he said. While working in remote locations is particularly challenging for his counterparts, the strict control of engineering quality is often the most challenging for him.

Along with major work-related concerns come more trivial administrative concerns for a senior engineer like Cao, including cleanliness in the warehouse, dealing with blocked drainage pipes, reprimanding a drunken night-shift driver, and week-long debates on matters as small yet important as the thickness of a concrete reinforcement cover. In the face of the completed dam and the future promise it holds, Cao often thinks back to his hometown, Northeast China's Heilongjiang Province, the industrial cradle of new China.

Decades ago, the vast black soil in northeast China turned into the "granary of the north" because of countless idealistic young people who migrated there to reclaim the northern wilderness. Cao, who grew up there, understands that industrialization is a difficult process, and what is most needed in this process is people with steely determination.

"I hope I am also one of these people with determination and resilience," Cao said.

As African people in countries like Tanzania and Zambia enjoy clean energy, many may never know of the devotion of one young Chinese engineer, whose goal was to help in the revolutionary transformation of the continent. However, hydropower projects across Africa, while heralding the new era of growth and development of the continent, will stand as mute testament to the resilience of those who worked tirelessly to actualize their construction.

Japan's central bank raises interest rates, first time since 2007, to accommodate rising CPI, wages

Japan's central bank moved on Tuesday to raise the benchmark interest rate for the first time since 2007. The hike calls an end to the eight-year negative interest rate in Japan, which has been suffering from protracted deflation.

In a widely anticipated move, the Bank of Japan (BOJ) raised its short-term interest rates to around 0 percent to 0.1 percent from -0.1 percent, according to the bank's statement following a two-day policy meeting. 

The central bank also abandoned yield curve control (YCC), a policy which had been in place since 2016 that capped long-term interest rates around or even below zero.

In response to the adjustment, major stock indexes in Japan rallied on the Tuesday. The Nikkei 225 closed Tuesday, up 0.66 percent, while the Tokyo Stock Price Index rose by 1.06 percent.

The BOJ said that it assessed the "virtuous cycle" between wages and prices, realizing that the price stability target of 2 percent rise would be attained this year. 

The year-on-year rate of increase in the country's CPI is likely to come in at above 2 percent this year, the bank said.

The Japan's largest labor union organization, Rengo, announced Friday that it has reached an agreement for a 5.3-percent annual wage increase in spring wage negotiations, which is 1.5 percentage points higher than last year and the largest salary increase in 30 years.

As Japan's rising wages are expected to lead to positive growth in spending and consumer prices, it is necessary for tighten the country's monetary policy now, Zhao Qingming, a Beijing-based veteran financial analyst told the Global Times on Tuesday.

Overall, the impact on China is not expected to be significant as Japan's rate hike is relatively cautious, Zhao said.

Chen Zilei, director of the Research Center for Japanese Economics at Shanghai University of International Business and Economics, told the Global Times on Tuesday that Japan's rate hike would not significantly affect the Chinese economy. 

Chen dismissed concerns that the return of overseas money to Japan would produce a significant impact on China's economy.

The BOJ cautioned that it's not about to embark on aggressive rate hikes, saying that it "anticipates that accommodative financial conditions will be maintained for the time being."

Fitch Ratings said it expects the BOJ to raise the interest rates at a very gradual pace, possibly reaching 0.25 percent at the end of 2025, according to its Global Economic Outlook for March sent to the Global Times. The international rating agency anticipates the Japanese economy will grow by 0.6 percent in 2024.

Preparations underway for China's 2nd intl supply chain expo

An exhibition area for advanced manufacturing will be added to the second China International Supply Chain Expo (CISCE), aiming to boost new quality productive forces. So far, more than 160 enterprises from home and abroad have confirmed their participation in the expo, the Global Times learned on Friday.

The second CISCE is scheduled to be held from November 26 to 30 in Beijing, and preparatory work is already in full swing, said Ren Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), which is the organizer of the expo, on Friday evening at an event named "Networking Reception of the Second CISCE."

"After research, we decided to add an exhibition area for the advanced manufacturing chain. This is an important innovation of the second CISCE," Ren said.

In 2023, the first CISCE showcased five major supply chains: the intelligent vehicle chain, the green agriculture chain, the cleaner energy chain, the digital technology chain, and the healthy life chain.

According to Ren, the newly added advanced manufacturing chain exhibition area will focus on new quality productive forces and display the whole industrial chain in an all-round and multi-angle way, from front-end research and development (R&D), application of new materials and processing of key parts to intelligent manufacturing. Products such as industrial automation, robots, advanced equipment, high-end equipment and construction machinery will be displayed.

Participants at the Friday event said that the industrial chain and supply chain are the "blood vessel system" of economic development. Consolidating and strengthening global industrial chain and supply chain cooperation is in the interests of all parties, the Global Times learned.

Through exchanges by the upper, middle and lower reaches of the supply chain, and the integration of large, small and medium-sized enterprises, the CISCE can help enterprises find supply chain partners globally, and also help them to apply the latest scientific research achievements to all links of the industrial chain, Director General of CCPIT Academy Zhao Ping told the Global Times on Friday on the sidelines of the event.

"Therefore, all links of the supply chain - from R&D, production, distribution and logistics to consumption - can complement each other, and promote the high-quality development of the manufacturing industry," said Zhao.

The security, stability and smooth cooperation of the global supply chain is indeed the concern of the business communities of all countries, Lin Shunjie, chairman of the China International Exhibition Center Group, the co-organizer of the CISCE, told the Global Times on Friday.

"The supply chain expo, the first of its kind in the world, aims to provide cooperation opportunities between global enterprises and help enterprises develop partners alongside the supply chain," said Lin.

Many multinationals that did not attend the first CISCE expressed their willingness to attend the second edition this year. Some previous participants have asked to increase their exhibition area, Lin said.

"Apart from enterprises from the US and European countries, companies from Latin America, Japan and Southeast Asia are contacting us, hoping to attend the second CISCE," Lin noted, adding that last year during the first expo, US enterprises took up 45 percent of the exhibition area for overseas enterprises.

Ren also mentioned that executives of the world's top 500 companies such as Budweiser, Novo Nordisk, Procter & Gamble, HSBC and CMA CGM have expressed their desire to participate in the second CISCE.

But Lin also noted that since the exhibition area is limited, they will be strict in choosing participants. "We just started building a new convention complex to accommodate more enterprises," Lin added.

The first CISCE concluded in December 2023 with about 200 business deals and cooperation agreements signed, worth more than 150 billion yuan ($21 billion), the Global Times learned from CCPIT.

The first expo attracted 515 domestic and foreign exhibitors. Approximately 26 percent of the exhibitors were from overseas, representing 55 countries and regions. US and European firms accounted for 36 percent of overseas exhibitors.

China remains the largest contributor to registered patents at WIPO

China remains the largest contributor to the World Intellectual Property Organization's (WIPO) patent cooperation treaty (PCT) system for international patents registration, with Huawei Technologies registering 6,494 published PCT applications in 2023, according to the official WeChat account of the United Nations on Wednesday.

The latest data from the WIPO showed the number of international patent applications by Chinese innovators through the PCT system has ranked first in the world, as overall international registrations of IP via WIPO softened slightly, and China and the US remained as the world's top users of WIPO's patent system in 2023.

In 2023, there were a total of 69,610 PCT filings from China, among the total number of 272,600 globally, accounting for about 25 percent, WIPO said. Though a small decrease of 0.6 percent from the previous year, China continued to be the top origin of PCT applications. The US came in second with 55,678 applications, representing a 5.3 percent drop year-on-year.

Innovation activity keeps expanding despite rising interest rates and economic uncertainty, the WIPO said on March 7, and filings through WIPO's PCT system dropped 1.8 percent, marking a first decline in 14 years.

"Applications in the international trademark system fell 7 percent while use of the international design system bucked the trends to grow by 1 percent with expanded activity by China," it said.

"Higher interest rates and economic uncertainties cast a shadow on innovation activity in 2023. But declining inflation rates forecast for 2024 and hotspots like India, Southeast Asia and beyond may provide more business confidence and innovation investments, setting the stage for a recovery in international IP fillings later this year," said WIPO Director General Daren Tang.

The world's innovation hub is shifting eastward as well. Countries in Asia represented 55.7 percent of international patent applications via WIPO last year, up from 40.5 percent one decade ago, the official noted.

Apart from the WIPO's PCT, China also holds leading positions in the Madrid and Hague systems for international IP registrations. By the end of 2023, China had set a new global benchmark with 4.99 million valid invention patents, including 4.01 million domestic patents, making it the first country to surpass 4 million valid domestic invention patents, according to China National Intellectual Property Administration.

China attaches great importance to international patent cooperation and intellectual property protection. Foreign Ministry spokesperson Wang Wenbin said at a press briefing in January that in the 30 years since joining the PCT, China has actively participated in the revision and improvement of international rules such as those of the PCT and continuously improved the domestic IP legal system, while carrying out fruitful cooperation with the WIPO.

"IP is an important source of support for innovative development. With the support of patented technology, China has continuously improved its IP quality and efficiency to accelerate innovation," Wang noted.

China starts drafting law to boost confidence of private sector, vitality for high-quality growth

The work report of the Standing Committee of the 14th National People's Congress (NPC), China's top legislature, on Friday pledged to accelerate the formation of a law aimed at promoting the development of the private sector, sending a strong, fresh signal on policymakers' commitment to making continuous improvements in the business environment and boosting the high-quality development of the private sector for Chinese modernization.

Deputies and entrepreneurs said the legislative work will better build a fair, law-based and orderly business environment, resolve the challenges faced by private enterprises, and spark their endogenous motivating power and vitality for the accelerated development of new quality productive forces.

While the law is an implementation of the Communist Party of China (CPC) Central Committee's commitment to unswervingly encouraging, supporting and guiding the development of the non-public sector of the economy, the Party's clear and vigorous support for the private sector is also a strong rebuttal to some Western media outlets' claims that China is squeezing the private economy.

"Work must be done to support the growth of the private sector and private enterprises and spur the intrinsic impetus and innovative vigor of various business entities," Chinese President Xi Jinping said on Tuesday when he participated in a deliberation with fellow lawmakers from East China's Jiangsu Province during the second session of the 14th NPC, the Xinhua News Agency reported.

It is necessary to accelerate the improvement of underlying institutions in areas such as property rights protection, market access, fair competition and social credit to build a high-standard socialist market economy system, he said.

Meanwhile, this year's Government Work Report again stressed that state-owned enterprises, private businesses, and foreign-funded companies all play an important role in China's modernization drive. "We will strive to create a sound environment in which enterprises under all forms of ownership can compete and grow on a level playing field," it noted. 

Enhanced confidence
The encouraging words from this year's two sessions for the country's private businesses have reverberated through the vast private sector, with many companies and entrepreneurs vowing to strive to achieve tech innovations and sound development to serve the country's goal of high-quality development.

"The law is important for the development of the private sector, as it will inject confidence into and boost the regulation and protection of private enterprises," Wang Yu, chairman and president of Spring Airlines and a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), told the Global Times on Friday.

The law should ensure equal treatment of private and state-owned enterprises and fair competition in terms of market entry, distribution of resources and fund-raising so as to stimulate the vitality of various market entities for their healthy development, he said.

"The Government Work Report has attached great importance to private tech firms, and mentioned it will reinforce the principal role of enterprises in scientific and technological innovation. This made me deeply feel the nation's support for private enterprises' development," Zhou Hongyi, founder and chairman of 360 Security Technology and a member of the National Committee of the CPPCC, told the Global Times. 

We private tech companies will live up to the mission by leading tech innovation such as artificial intelligence, in order to become a major force in developing new quality productive forces and inject more impetus into our country's high-quality economic development, Zhou said.

Liu Yonghao, a member of the National Committee of the CPPCC and chairman of New Hope Group, said he has noticed related government agencies' efforts to help private businesses, noting that the upcoming law will play an active role in boosting private enterprises' high-quality development.

Chinese private businesses have continually made progress in recent years, while also making many contributions to the country's development. For example, a batch of international leaders have emerged in China in sectors such as new-energy vehicles, helping the made-in-China brands go global, Liu told the Global Times.

Economic experts and the media frequently use a combination of the numbers 50, 60, 70 and 80 to describe the private sector's contributions to the Chinese economy. The private sector contributes more than 50 percent of the country's tax revenue, over 60 percent of its GDP, more than 70 percent of its technological innovation, and provides over 80 percent of its urban employment, official data showed.

Amid factors including a sluggish global economy and an increasingly complex external environment, Chinese private enterprises now face some challenges. The revival of private companies and the improvement of private entrepreneurs' sentiment are crucial for China's high-quality development, as the private sector has been a key pillar sustaining China's economic expansion and is expected to be a pioneer of innovative development, analysts said.

Unswerving support

China has long attached great importance to the private sector, encouraging it to play a bigger role in stabilizing growth and promoting structural adjustments and innovation.

Over the past year, the authorities introduced an array of targeted policies to shore up the growth of the private sector. In July 2023, the Communist Party of China Central Committee and the State Council jointly issued guidelines on boosting the growth of the private sector, promising to improve its business environment, enhance policy support, and strengthen legal guarantees for its development.

In September, the authorities set up a bureau under the National Development and Reform Commission to ensure policy coordination and implementation to create a better environment and ramp up support for the growth of the private sector.

China should lift some institutional obstacles to further optimize the investment environment for the country's private sector in order to stimulate the market vitality for investment, while ensuring domestic firms feel safe investing funds, Yin Yanlin, deputy director of the General Office of the Central Financial and Economic Affairs Commission and a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee, told the Global Times.

Yin suggested expanding investment space for private enterprises by effectively breaking down the invisible barriers that hinder investment entry. As examples, he cited leaving public welfare projects with certain revenue to the private business market, and expanding the range of trial for real estate investment trusts (REITs) to private-owned companies, hotel and tourism projects.

"2024 is an important year to transform. It provides an important opportunity for Chinese companies to push the transformation," Denis Depoux, Global Managing Director at Roland Berger, told the Global Times, urging companies to take action.

There are three key drivers of China's future development, namely industrial modernization, energy transition and decarbonization, and transformation of domestic consumption. All three levers are highly transformational and will require a combination of investment, technology, knowledge and know how, Depoux said.

Many companies will start to review, decide and formulate new strategies, as the 15th Five-Year Plan will steer the overall direction for coming years. Companies need to bravely step out of the "wait-and-see" approach, face the changes and start to take concrete actions to implement the transformation to prepare themselves to better fit into the future and support the economy, he said.

GT Voice: Does China’s economy need stronger stimulus to hit growth target?

Whether the Chinese economy needs a stronger stimulus to achieve its growth target this year has become a focus of attention for some Western media outlets, especially after the Government Work Report was submitted to the national legislature for deliberation on Tuesday.

With relatively weak fiscal stimulus, it will be challenging for the economy to meet its 2024 growth target of about 5 percent, a report from the Chinese edition of VOA said on Tuesday. The report noted that it remains uncertain whether future fiscal stimulus spending will be strong enough to overcome difficulties like "sluggish consumption, a property bubble and the local debt crisis."

According to the Government Work Report unveiled at the opening meeting of the second session of the 14th National People's Congress, the nation's proactive fiscal policy and prudent monetary policy will continue in 2024, with enhanced consistency of the macro policy orientation. 

China has set a deficit-to-GDP ratio for this year at 3 percent, meaning that the deficit is expected to reach 4.06 trillion yuan ($560 billion), an increase of 180 billion yuan from the deficit target for 2023 set at the beginning of last year.

The Western media's conclusion that the 3 percent deficit-to-GDP ratio is relatively weak stimulus is actually a hint of Western pessimism about the Chinese economy. Usually, only greater economic challenges call for a larger-scale fiscal stimulus.

However, while the deficit-to-GDP ratio is an important indicator of a government's fiscal policy strength, it cannot fully represent China's fiscal expansion or stimulus. 

This year's deficit ratio target is slightly lower than the adjusted deficit ratio of 3.8 percent last year, caused by the issuance of an additional 1 trillion yuan in special-purpose treasury bonds. But it is arbitrary to simply view the fiscal support for the economy as inadequate, because there are other policy tools that can be used to support the economy.

A steady and appropriate deficit ratio is in line with the overall recovery of the economy, sending a positive signal to the outside world and showing confidence that China can handle problems at its own pace.

The Chinese economy is entering a critical period of transitioning toward high-quality development. During the process, it is inevitable for the economy to encounter problems and challenges, especially amid a complicated and volatile international environment. But that doesn't change China's long-term economic fundamentals, which remain resilient and are full of positive factors.

Last year, China's GDP grew 5.2 percent year-on-year, higher than the estimated global growth rate of about 3 percent, contributing more than 30 percent of the world's economic growth. Although some countries have been promoting a "decoupling" strategy to contain China's technological development, they cannot stop China's pace of technological innovation and industrial upgrading.

China is gradually transforming from a pattern of traditional manufacturing to high value-added, high-tech sectors, with the digital economy and green and low-carbon industries developing vigorously. In 2023, led by new-energy vehicles, China overtook Japan as the world's largest car exporter for the first time.

No matter how hard some Western media outlets play up the "China collapse" theory, the fact that the Chinese economy can maintain its recovery momentum and achieve its annual growth target despite negative factors at home and abroad is the best proof that its economic development remains stable and resilient.

In this context, simply measuring China's stimulus for economic growth in terms of the deficit ratio is clearly a misunderstanding of the Chinese economy. Whether it is fiscal policy, monetary policy or structural reform, the ultimate goal of policy measures is to support targeted economic transformation and effectively stabilize economic growth, rather than create extra risks with excessive stimulus.