International hot discussion on China’s per capita GDP breaking $10,000： a miracle of development

　　China’s National Bureau of Statistics recently released data that China’s gross domestic product (GDP) will be close to 100 trillion yuan in 2019. According to the annual average exchange rate, the per capita GDP has reached 10,000 USD. It took China less than 20 years from 2001, when per capita GDP exceeded $1,000, to 2019, when it jumped to $10,000. Foreign experts and scholars interviewed by this reporter believe that a big country with a population of 1.4 billion has achieved a per capita GDP of over 10,000 US dollars. "This is a miracle in the history of human social development." This proves that the development path chosen by China conforms to its national conditions, and the steady economic growth of China has injected a strong impetus into the world economic growth.

　　"The living standard of 1.4 billion people has been greatly improved, which is one of the fastest economic success stories in history."

　　"The development of China in the past 40 years of reform and opening up is one of the most impressive events in contemporary society, which is a miracle in the history of human social development." Francesco Maringio, president of the Italian New Silk Road Promotion Association, believes that China has steadily become the second largest economy in the world, and all China people have made great efforts to this end. "The course of reform and opening up has proved that China’s development path suits its own national conditions and is a successful innovation in Marxist theory and practice."

　　According to a report released by the Legaton Institute, a British think tank, in 2019, China rose 25 places to the 57th place in the global prosperity index, showing strong performance in health and economic quality indicators.

　　"The living standard of 1.4 billion people has been greatly improved, which is one of the fastest economic success stories in history." According to the website of Nikkei Asia Review, consumption has become the main driving force of China’s economic growth. What is important is that the consumption base is getting richer at the individual level and more diverse at the enterprise level.

　　"In the context of the overall sluggish world economic growth, this transcript is very eye-catching, indicating that the macroeconomic policies adopted by the China government have achieved remarkable results." Petrovsky, chief researcher of the Far East Institute of Russian Academy of Sciences, believes that the most intuitive achievement of China’s economic and social development lies in poverty alleviation and the increase of people’s income. "Since the founding of New China more than 70 years ago, the number of poor people in China has decreased by 850 million, and the income level of the people has greatly increased, which shows that ‘ No one can be left behind on the road to a well-off society in an all-round way ’ Not an empty talk, China is moving towards common prosperity step by step. "

　　From the international experience, the per capita GDP exceeding 10,000 US dollars is an important node for the development of countries with medium or above population size. Axel Goethals, CEO of the Institute of Asian Studies, a think tank of the European Union, believes that crossing this node means that the consumption power of China people is stronger, a huge market with great potential is emerging, and the resilience and stability of China’s economy are further enhanced.

　　China will be the most important market in the world for consumer-oriented companies.

　　Bloomberg reported that China’s economy stabilized in the fourth quarter of last year, and investment began to accelerate, indicating that China’s economy may usher in a stronger recovery. Andrew Tilton, an economist at Goldman Sachs, said that the China administration’s policies are long-term, with more emphasis on risk control and restrictions on short-term stimulus measures that may aggravate economic imbalances.

　　According to research by Christian Ruscher, an economist at the Cologne Economic Research Institute, China’s GDP increased by 6.1% in 2019 compared with the previous year, which was hard-won under the risk challenge and downward pressure. This shows that China’s economy is gradually transforming into consumption and service industry, and it is stronger on the whole.

　　At present, China is in a critical period of becoming a high-income country. We should continue to deepen reform and opening up, enhance the resilience of economic development, promote high-quality economic development, and let China’s economic development dividend continue to benefit the whole world. With the growth of GDP per capita, China’s huge consumer market has become a "gold mine" in the eyes of enterprises all over the world. Andy rothman, investment strategist of BenQ Asia, bluntly said that China is "the best consumer market in the world".

　　"China will be the most important market in the world for consumer-oriented companies." Ira Calix, global chief economist of Deloitte, believes that China’s economy will maintain steady growth, and the growth prospects in the consumer sector are very optimistic.

　　"In 2019, domestic demand contributed 89% to China’s economic growth, of which the final consumption expenditure contributed 57.8%, which shows that China’s economic structure is constantly being optimized." As the largest developing country in the world, China’s development means opportunities for the world, said Yukio Tsuda, a professor at Japanese Central University. The expanding scale of middle-income groups in China will further promote China’s economic growth, promote China to import more high-quality products and services, bring more dividends to all countries in the world, and help stimulate the sustainable development of the world economy.

　　"China’s economy will surely achieve long-term stability, prosperity and development and make greater contributions to the world economy."

　　"The economic data of China in 2019 once again shows that China’s development path has strong vitality." According to Alexander Lomanov, deputy director of the Institute of World Economics and International Politics of the Russian Academy of Sciences, China’s economy is progressing steadily, and the government has deepened reforms, improved various systems, and always insisted on opening up, which has achieved good results. "This once again strongly proves that China’s development path is in line with China’s national conditions."

　　Patricio Ji Ousteau, director of the Argentine China Strategic Cooperation Observation Center, believes that in recent years, China has taken a series of initiatives to expand its opening up. The unprecedented tax reduction and fee reduction policy, the Regulations on Optimizing the Business Environment, the formal implementation of the foreign investment law, and the deployment to accelerate the transformation and upgrading of service outsourcing & HELIP; … "China has been continuously opening to the outside world at a higher level, and its business environment has been continuously optimized, and its achievements are enviable. China has always adhered to the path of peaceful development and supported rule-based multilateralism and the multilateral trading system. I believe that China’s economy will surely achieve long-term stability, prosperity and development and make greater contributions to the world economy. "

　　"The economic data of China in 2019 shows the strong resilience of China’s economy, laying a solid foundation for the decisive victory in building a well-off society in an all-round way." Malinjiao said that the China government attaches importance to people’s needs, and "China is constantly turning its beautiful vision of socialist modernization into reality".

　　(Newspaper Rome, Moscow, Brussels, Washington, Berlin, Tokyo, Canberra and Buenos Aires, January 20th, by reporters Han Shuo, Zhang Xiaodong, Ren Yan, Wu Lejun, Hua Fang, Liu Junguo, Chen Xiaowei and Yao Mingfeng)