英語雜志原文:China’s Domestic Demand:The Allure of a Great Market with 1.4 Billion Consumers

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Chinas Domestic Demand： The Allure of a Great Market with 1.4 Billion Consumers

China Economic Weekly

Issue 2， 2021

This year marks the launch of Chinas 14th Five-Year Plan. Under a new development paradigm with domestic consumption as the mainstay and domestic and international circulations reinforcing each other， expanding domestic demand has become the strategic priority of economic development in China.

What lies behind the macroeconomic data is a vibrant reality harboring great potential. For example， during the Singles Day shopping festival last year， several online retailing giants set new sales records， and more than 40 percent of foreign trade companies have started selling export-oriented commodities in the Chinese market. And a new consumption-promoting sales mode， livestreaming， has become incredibly popular. All these factors have contributed to the booming domestic demand.

Chinas unleashed huge domestic demand has also become a powerful engine for global economic recovery.

Consumption is a sustained driving force for economic development， especially in the severe economic recession that the world is going through.

The Launch of the 14th Five-Year Plan

South

Issue 2， 2021

According to the data released by National Bureau of Statistics， Chinas gross domestic product in 2020 exceeded RMB 100 trillion for the first time. Against such adverse factors as the COVID-19 pandemic， Chinas economy has showcased strong resilience and vitality. And the country has accomplished the major goals and tasks set for the13th Five-Year Plan period and scored decisive achievements in building a moderately prosperous society in all respects.

Since the CPCs 18th National Congress in 2012， General Secretary Xi Jinping has clarified Chinas new development stage， and emphasized that China should follow the new development concept and foster a new development paradigm in order to ensure stable and vigorous development of its economy.

In the coming five years， China is poised to make reforms to stabilize development and promote economic upgrading. China also commits to advancing the supply-side structural reform to achieve a dynamic balance of economy at a high level.

Cultural Industry Catalyzing Rural Revitalization

Insight China

Issue 6， 2021

Rural revitalization is a long-term and systematic project. Cultural development can play an important role in buttressing industrial development and facilitating the cultivation of talents. Thus while advancing rural revitalization， China is bent on boosting cultural development.

At the central rural work conference held in last December， it was proposed to consolidate the results of poverty alleviation and fully promote rural revitalization. In this process， an inclusive attitude is suggested in matters as regards to foreign culture and innovation and evolution of traditional Chinese culture. While attaching more importance to its traditional culture， the country should focus on the inheritance and innovation of its domestic culture.

Building local rural cultural brands is key for rebuilding confidence in rural culture and a traditional yet revitalized model of rural life.

Culture holds an irreplaceable place in rural revitalization. A thriving culture can lead to a prosperous country and a strong nation. Rural revitalization， supported by a burgeoning culture， will lead to beautiful villages with improved eco-environment， inhabited by happy residents.

Advanced Green Transformation

Globe

Issue 5， 2021

The State Council recently issued a guiding opinion on accelerating the establishment and improvement of an economic system featuring green and low-carbon development， laying the foundation for achieving the goal of hitting the carbon dioxide emissions peak by 2030 and realizing carbon neutrality before 2060. Following the announcement of Chinas goal， many countries， such as Japan， South Korea， and Canada have also scheduled their own goals on carbon reduction.

As a major developing country， although China is facing greater pressures and challenges than developed economies in achieving the goal of carbon neutrality， it still shows unwavering determination and a strong sense of responsibility on this issue. Several ministries have successively issued measures to guide green development， involving the development of clean energy， improvement of the carbon emissions trading system， curtailment of the production capacity of crude steel， and establishment of the green finance policy framework. Meanwhile， enterprises have become the dominance force in Chinas green endeavors.

以上英語雜志原文:China’s Domestic Demand:The Allure of a Great Market with 1.4 Billion Consumers的內(nèi)容，節(jié)選自《chinatoday》雜志！