slowdown in China’s economic growth has generated a brand-new “China
threat theory”; Instead of worrying about the influence of China’s
speedy development in the past, some people believe that the nation has
become a burden on the world economy. Exclusive interviews conducted by
People’s Daily argue that such accusations are far from the truth.
When returning home in November, Gerard Preper, the owner of a small
business in Germany, was proud of the trophy he had received in
China.Preper attended a start-up firms competition held in Shenzhen,
Guangdong Province for his patented heat engine, which can be used in
steel mills, power plants and solar energy plants. Preper noted that the
Chinese government attaches great importance to ecological civilization
and has set ambitious targets on environmental protection and new energy
development. A number of German new energy companies have entered the
Chinese market, wishing to enjoy a slice of the development of the green
economy in China.
Preper also established an institute called“German Technology
Bridge.”He organized a dozen German start-ups to visit China last year
to promote cooperation in fields of fresh water treatment, pharmacy,
professional education and information technology.
Preper’s story is the epitome of cooperation between China and Germany
in the field of green economy. The phrases “green economy” and
“environmental protection” were highlighted in the cooperative
guidelines between China and Germany released last year.
Following the strategy of sustainable development raised by the
government, Chinese entrepreneurs are thirsty for international
cooperation, creating a huge demand for environmental friendly
technology and products, said Wang Weidong, the Commercial Counselor of
Chinese Embassy in Germany, told the People’s Daily.
Flooding of Chinese tourists a major pillar to South Korean economy
Cosmetics counters at the Lotte duty free store in Seoul provides
Chinese-language product lists, Chinese interpreters and supports Union
Pay debit and credit payments for Chinese customers. In 2014,statistics
indicated that the average consumption of Chinese tourists exceeded that
of other nations’ tourists, reaching 1.55 million won each (about
＄13,00). Besides, the number of Chinese tourists increased 40 percent
during the past year. Tourism has become a major source of growth in the
South Korean economy.
Zou Xinqiang, a vice-chairman of the South Korean tourism industry
association and honorary deputy mayor of Seoul, told the People’s Daily,
the substantial growth of Chinese tourists helped boost South Korea’s
industries as a whole, from research centers, processing plants, to
sales and logistics.
Statistics showed more than 100 million Chinese people traveled abroad
in 2014. According to another report released by World Tourism Cities
Federation (WTCF) in September, Market Investigation on Chinese Citizen
Overseas Travel Consumption (2014-15), Chinese tourists accounted for
9.58 percent of total outbound travelers worldwide in 2014. The overall
value of China’s outbound travel consumption reached ＄165 billion,
accounting for 11 percent of the world’s travel consumption.
‘Made-in-China’ appears on Guinea’s currency
The Central Bank of the Republic of Guinea issued a new 20,000-franc
banknote in 2015, adorned with Kaleta Hydropower Station, the largest
cooperative project between China and Guinea.
Constructed by China International Water and Electronic Corporation,
the Kaleta Hydropower Station came into operation at the end of
Sekou, the power plant’s executive administration manager, told the
People’s Daily that Kaleta could produce the electricity that meets the
demand of most regions of the country, especially the capital. China’s
investment benefits greatly the local residents. He noted that Kaleta
has employed more than 2,000 local workers, most of whom are youngsters.
Situated in Limpopo Province, South Africa, the Mamba cement project,
which was built by China’s Jidong Development Group, is another example
of cooperation between China and African countries.
Zhang Xinghua, a project manager of Mamba cement, said there were more
than 100 employees at the plant, which may later create another 400 job
opportunities for local people.
Officials from local governments echoed Zhang’s opinion, saying that
the cement plant helped alleviate poverty, decrease unemployment and
eradicate social inequity in this region.
Jaya Josie, head of the BRICS Research Centre in the National
Institute for the Humanities and Social Sciences, South Africa, told the
People’s Daily that thanks to the Belt and Road initiative, China could
transfer from Africa’s largest importing country to its biggest investor
in the future.
Statistics show even with a growth rate of 6.9 percent in the first
three quarters, which was slightly lower than last year, China’s
contribution to world economy could reach 30 percent of overall growth.