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China's macro economic policies generate heated discussions at development forum in Beijing

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China's macro economic policies generate heated discussions at development forum in Beijing

2025-03-24 19:38 Last Updated At:03-25 00:57

China's macro policies focusing on consumption, people's livelihood and advancing technological and industrial innovations were topics of lively discussions during this year's China Development Forum 2025 which were held from March 23 to 24 in Beijing.

The two-day forum brought together over 100 representatives from major international organizations, leading multinational enterprises, and significant research institutions to discuss macroeconomic policies and growth, reforms for fostering new growth drivers, promotion of consumption and domestic demand, scientific and technological innovation meant to lead the development of new quality productive forces, and artificial intelligence intended to promote inclusive development. In the first two months of this year, China's economy continued to gain steam, according to Minister of Finance Lan Fo'an.

"China's economic and fiscal strengths have increased markedly, and we have more practical experience in macroeconomic regulation and fiscal governance. We have drawn confidence and become more assured of ourselves because we always keep our heads clear about risks and have contingency plans in place accordingly. This enables us to have ample fiscal space to respond to potential shocks and challenges," he said in a speech to a symposium during the forum on Sunday.

The forum attendees had in-depth exchanges of views regarding China's economic policies for the year ahead, particularly those targeting domestic consumption and people's livelihood.

"Consumption is not just about spending money. Fundamentally, people need to have an income from work. The private sector plays a key role because only when private enterprises have more confidence to invest, can they help create more jobs. Foreign Investment in the Chinese market will also drive domestic demand. It is not just about capital, but more about being connected to the global economic system. More jobs will also be created from this," said Hai Wen, deputy director of the University Council at Peking University, in an interview with China Central Television.

Many leaders of multinational companies stressed that policies on boosting sci-tech innovation are an important factor for their decision to continuing investment in China.

"In China today, one of the main pillars is innovation. If you want to do innovation, you have to be in China. What China is doing in AI [is] to make our industrial investment going to be really more and more innovated and better for safe and reliable, but also efficient at cost optimization," said Muhammad Abu Nayan, chairman of the Board of Saudi Arabia's ACWA Power company.

"With the emergence of AI, our macro policies will become more targeted, which will yield very positive outcomes. For example, AI technology can enable banks to provide better financial services to small businesses and better serve green finance. All this stimulus will go to the areas in need," said Wu Haisheng, CEO of China's leading credit-tech platform Qifu Technology.

China's macro economic policies generate heated discussions at development forum in Beijing

China's macro economic policies generate heated discussions at development forum in Beijing

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China sends 11th group of medical experts to Ethiopia

2025-05-17 22:01 Last Updated At:22:37

A Chinese medical team left China on Saturday heading for Ethiopia, where they will offer technological assistance and support to talent development in the country's healthcare sector over the next 12 months.

The 14-member team includes experts in clinical medicine, medical technology, hospital administration, and logistical support.

Mainly selected from the First Hospital Affiliated to the Army Medical University (AMU) in southwest China's Chongqing Municipality, the team members possess extensive experience in medical practice and management.

During the mission, the experts will help the country's military hospitals to enhance medical service capacity, promote the application of new technologies, strengthen hospital operations, train professional personnel, and support the establishment of healthcare management systems, thereby contributing to the improvement of local medical services.

"I feel deeply honored by this mission, and I'm fully aware of the responsibility it carries. We are committed to carrying forward the spirit of China's overseas medical teams, which features tenacity, dedication, commitment to saving lives, and love that knows no borders, and will apply our skills for the benefit of the Ethiopian military and civilians," said team member Guo Hao from the AMU.

Since 2015, the AMU hospital has dispatched 11 batches totaling more than 100 medical experts to Ethiopia.

Their efforts gave strong support to achieving notable progress in medical facility construction, and technological and talent development in the country's healthcare sector.

China sends 11th group of medical experts to Ethiopia

China sends 11th group of medical experts to Ethiopia

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