CHANGSHA: China is showing its determination to help bring the global economy back on track and make continuous contributions to global economic security and sustainable development, according to officials, entrepreneurs and experts at a global forum held in Changsha, the capital of Central China’s Hunan province.
The Global Economic Development and Security Forum of the Boao Forum for Asia (BFA), the first of which concluded on Wednesday, is a forum on both economic and security issues around the world.
The three-day event held both online and offline, themed “Economic Security and Sustainable Development in a Changing World,” attracted more than 2,600 attendees across the world.
More than 30 themed activities and sub-forums were held, covering a series of hot topics including food security, carbon neutrality, energy security and financial risks, according to the organisers.
Robust growth could be the biggest contribution that China is making to global economic stability, Huang Yiping, deputy dean and professor of the National School of Development at Peking University, told Xinhua.
“Our strong exports and investment in the process of recovery are also very important contributions to economic stability in other countries,” Huang said.
China posted stable economic growth for the first three quarters of this year, staying on track to meet its annual growth target despite multiple challenges, including a power crunch and a resurgence of Covid-19 cases.
The country’s gross domestic product reached 82.31 trillion yuan (about US$12.87 trillion or RM53.52 trillion) in the first three quarters, expanding 9.8% year-on-year.
That is well above its annual growth target of over 6%, data from the National Bureau of Statistics showed on Monday.
The news of China’s latest economic performance has come at a time when the global economy has entered uncharted waters.
Global economic recovery has slowed overall since the third quarter due to myriad factors such as the ongoing pandemic, surging commodity prices and shortages in labour and the supply of key components.
The data shows that despite multiple headwinds, China’s economy is on a healthy track and remains a major stabiliser and driver of the global economy.
China has also actively contributed to the global goals of zero hunger and zero poverty, with its grain production increasing steadily.
According to a white paper issued by China’s State Council Information Office, China’s annual grain output has exceeded 650 million tonnes for six consecutive years, and China’s fruit, vegetable, tea, meat, egg and fish outputs have led globally.
At present, China’s per capita grain supply exceeds 474 kg, higher than the international standard of 400 kg, said Tang Renjian, minister of agriculture and rural affairs.
In Madagascar, hybrid rice provided by China has helped eliminate local hunger. In Cuba, Moringa seeds gifted by China have grown into tangible fruits for the local people, enriching their daily diet. In Fiji, Juncao grass technology introduced by China has lifted a great number of farmers out of poverty.
Official statistics released by the Chinese government show that China has promoted and demonstrated over 1,500 technologies to many countries in the fields of crop production, animal husbandry, water conservancy, and agricultural product processing, increasing production by 40% to 70% on average in project areas and benefiting more than 1.5 million farming households.
The late agronomist Yuan Longping, known as the “father of hybrid rice,” set a target to develop 6.67 million ha of saline-alkali tolerant rice within one to 10 years so as to feed 100 million more people, making new contributions to food security in China and even the world, said Zhao Bingran, a professor at the China National Rice R&D Centre, at a food security sub-forum.
China’s contributions to assisting other countries fight against the Covid-19 pandemic also gained recognition at the forum. — Xinhua