Interview: High Quality is a Keyword for China's Economic Growth - Interview with Special Professor Kazuki Hasegawa of Tokyo Women's University on Economics | China | Keywords
Tokyo, July 25th (Xinhua) - Interview: High quality is the key to China's economic growth - Interview with Kazuki Hasegawa, a special professor at Tokyo Women's University
Xinhua News Agency reporter Zhong Ya
Professor Kazuki Hasegawa, a special professor at Tokyo Women's University in Japan, recently stated in an interview with Xinhua News Agency that the Chinese economy is transitioning from high-speed growth to stable growth, and high-quality is currently the key word for China's economic growth. The role of some advantageous industries and fields in promoting high-quality development of the Chinese economy is highly anticipated.
He said that for the current Chinese economy, the quality of growth is more worth paying attention to than the speed of growth. China leads the world in the development of solar panels, wind turbines, electric vehicles, and other fields. China has significant advantages in digital technology and green industry technology, and the outside world expects these fields to have a driving effect on the Chinese economy.
The China Association of Automobile Manufacturers recently stated that the production of new energy vehicles in China has exceeded 20 million units. On the basis of industrialization and marketization, China's new energy vehicles have entered a new stage of high-quality development with scale and globalization. In response, Hasegawa stated that electric vehicles are becoming popular in China, the world's largest automotive market, which will drive technological innovation in peripheral industries such as batteries.
He pointed out that China has enormous development potential in areas such as green transformation and green energy, strong industrial competitiveness, and broad prospects for international cooperation in addressing climate change. This will make a positive contribution to solving the global problem of climate change.
Hasegawa believes that continuously optimizing China's economic structure and business environment, and continuously stimulating corporate vitality and innovation are crucial for economic development.
Hasegawa believes that although the Chinese economy is facing short-term challenges, with the government's implementation of response measures, it is expected that the Chinese economy will continue to recover and improve in the second half of this year, achieving the annual growth target.
In response to developed economies such as Europe and America seeking so-called "risk reduction", Hasegawa stated that excessive trade protectionism will harm the world economy, and countries should strengthen dialogue and cooperation.
He also stated that the world economy is facing the challenge of high inflation and there is a risk of financial or banking crises in the future, which is worth being vigilant about. Against the backdrop of interest rate hikes in countries such as Europe and America, as well as high uncertainty in the global economic and financial environment, stable economic growth in China is crucial for global economic recovery.
