The recently concluded Central Economic Work Conference called for the construction of a new development pattern. Next year, we should take a good first step and see a new vibe. As the world's second largest economy and the only major economy to achieve positive economic growth this year, China will build a new development pattern and promote reform and opening up from a higher starting point, which will provide a broader market and more new development opportunities for all countries in the world.

New opportunities come from the continuous release of consumption potential. With a huge market of 1.4 billion people, China is an important engine of global economic growth. As of November, Japan's exports to China have maintained positive growth for five consecutive months. Zeiss's operating income in China in the past fiscal year has reached 8 billion yuan, making China surpass the United States and Germany and become the world's largest market for Zeiss A report predicts that China's middle-income group will reach 800 million in the next 15 years, with a strong momentum of consumption upgrading and great potential.

The meeting put forward the idea of "adhering to the strategic basis for expanding domestic demand," stressed the need to "make effective institutional arrangements for rationally guiding consumption, savings, and investment," and made supporting policy arrangements for expanding consumption, promoting employment, and increasing investment. Ding Ke, a researcher at the Institute of Asian Economic Research in Japan, believes that the meeting proposed to adhere to the expansion of domestic demand, pay attention to demand-side management, optimize the income distribution structure, and expand the middle-income group, which is very important for China to form a strong domestic market and achieve high-quality development.

New opportunities come from a firm pace of opening up. China adheres to a mutually beneficial and win-win strategy of opening-up, continues to promote greater opening-up, strives to improve the investment and business environment, and significantly reduces restrictions on foreign investment. It is one of the popular destinations for foreign investment in the world. Since the beginning of this year, global cross-border investment has suffered serious setbacks. However, China's actual utilization of foreign capital has shown a steady and positive trend, and it has become one of the few major economies in the world that has attracted foreign investment to maintain growth. According to Peng Bo, international investment giants are optimistic about China's huge opportunities and have launched new strategies for China. Morgan Stanley Asia-Pacific executives said Morgan Stanley was "a huge beneficiary of this openness".

The meeting stressed the need to "comprehensively promote reform and opening up", proposed to "strengthen international macro policy coordination", "create a market-oriented, law-based and international business environment", and "actively consider joining the comprehensive and gradual Trans-Pacific Partnership agreement". on a wider field and at a deeper level". Yu Hong, a senior research fellow at the Institute of East Asian Studies at the National University of Singapore, said that China's comprehensive promotion of reform and opening up and attracting more foreign investment by improving the business environment will contribute to China's economic development and world economic recovery.

The opportunity comes from the new development strategy. Innovation plays a key role in the overall situation of China's modernization, and is the key to solving the problem of unbalanced development and promoting high-quality development. The meeting will take the strengthening of the country's strategic scientific and technological strength as the primary task for next year. In the future, with the continuous enhancement of China's new momentum for innovation and development and the rapid growth of emerging industries, China's economic vitality will further burst out, thereby effectively promoting global growth.

According to a recent report released by the International Data Corporation, China's share of the global AI market will reach 15.6% by 2024, becoming an important driver of global market growth. Saudi Arabia's Finance Minister Mohammed al-Jadan said that as Saudi Arabia expands its digital services across the country, many Chinese companies are helping the country develop in areas such as 5G, "We attach great importance to China's partners and hope to expand cooperation between the two countries in the process of further developing the digital economy."