@shaunrein Exactly! China and the US will surely be better off if there's peaceful coexistence and mutual success. Neither side is to succeed at the expense of the other.
Brazil’s President Lula stated that #Brazil seeks to discuss a new strategic partnership with #China and is open to joining China’s Belt and Road Initiative, according to media reports. August 15 marks the 50th anniversary of diplomatic ties between the two countries. #BRICS
China has achieved escape velocity: it is now unstoppable
• China's recent plenum outlined an ambitious economic roadmap until 2029, ensuring President Xi Jinping's leadership and setting a target of $30,000 GDP per capita by 2035, signaling a shift towards a 'Pax Sinica' or a non-hegemonic, multipolar world.
• Despite skepticism about China's ability to sustain a 5% annual growth rate, the country has transitioned to a strategy of qualitative development, focusing on high technologies and new industries like renewable energy and artificial intelligence.
• The 'Made in China 2025' initiative aims to transform China into a high-tech, 'socialist market economy' by 2025, with the ultimate goal of becoming a 'modernized socialist power' by 2049.
• China's economic model, often referred to as 'socialism with Chinese characteristics,' prioritizes national and people's interests, with large private corporations under the strategic control of the Communist Party of China (CPC).
• The recently released 'Decision of the CPC Central Committee' provides a comprehensive reform plan, emphasizing economic transformation, innovation, and adherence to 'socialism with Chinese characteristics.'
• China's economic success is evident in its remarkable growth over the past decades, transforming from an agricultural nation to a global leader in industries such as electric vehicles, solar power, drones, telecommunications, steel, shipbuilding, and semiconductors.
• While the United States has spent trillions on military conflicts, China has invested heavily in the Belt and Road Initiative, focusing on digital connectivity and transportation corridors, expanding its geopolitical influence.
And when it comes to the nitty gritty, the numbers are staggering. Here are just a few, apart from GDP growth:
And when it comes to the nitty gritty, the numbers are staggering. Here are just a few, apart from GDP growth:
• Foreign goods trade is up 6.1% to $2.9 trillion year-on-year
• The trade surplus is at $85 billion, up 12% compared to 2023
• ASEAN trade is up by 10.5% to $80 billion; China is the number one trade partner of individual ASEAN members
• China had a record crop, 150 million tons, of cereal grains
• The courier sector handled 80 billion parcels, up 23% year-on-year
• SMIC is the world’s number two pure-play foundry, after Taiwan’s TSMC
• China Telecom paid $265 million for 23% of QuantumCTek, patenter of Micius, the world’s first quantum communications satellite
• Commercial aerospace launched 39% of China’s 26 rockets
• Invention patents rose 43% to 524,000. China is the first country with 4 million domestic invention patents in force
• Baidu’s 1,000 robotaxis in Wuhan will break even in Q4, and will be profitable next year
• China has 47% of the world’s top AI talent. It added no less than 2000 AI courses to school and college curricula since 2019
• On world-class institutions doubling as research leaders, 7 out of 10 are Chinese, including the top one: the Chinese Academy of Sciences, ahead of Harvard
Full article:
https://t.co/nodFMJ9hl0
JUST IN: 🇨🇳 China begins transition to 6G network.
China aims to start commercializing 6G technology by 2030 and expects that the standard-setting for the technology will be achieved by 2025.