[Those things in China] Foreign media pay attention to the two sessions in China： confidence in economic development in the post-epidemic era.

　　China Daily Online, March 3 rd. In 2021, two national conferences will be held soon. In the post-epidemic era, standing at a new historical starting point, how can China build a new development engine and attract the attention of the global media?

　　Screenshot of Malaysia Star Report

　　The website of Malaysian Star reported on March 2nd that at this week’s two sessions, the China government will convey the message that China has achieved unprecedented success in economic recovery, and will elaborate on how to achieve new development goals in the next five years.

　　According to the article, China was the only major economy that achieved positive growth last year, and its gross domestic product (GDP) increased by 2.3% in 2020. The economies of Europe and the United States have fallen sharply due to the epidemic. The U.S. economy suffered the worst contraction since World War II, falling by 3.5% last year, and the euro zone economy contracted by 6.8%.

　　Wang Dan, chief economist of Hang Seng Bank, said: "The two sessions will focus on areas where China presents a positive image to the world, including industrial plans to reduce carbon emissions, financial and economic opening up, and measures for low-income groups."

　　China’s economic growth this year is expected to be 7% to 9%. Some analysts even think that China will surpass the United States and become the world’s largest economy in 2028.

　　Associated Press report screenshot

　　The Associated Press reported that China’s leaders are shifting their focus to the long-term goal of making China a leading technology country.

　　Liu Ligang, chief China economist at Citibank, said: "China is shifting from fighting COVID-19 to returning to its long-term development goals."

　　In the past 20 years, China has built up emerging semiconductor, solar energy, aerospace and other high-tech industries. However, China’s smart phone manufacturers and other industries still need processor chips and other advanced components from the United States, Europe, Japan and South Korea.

　　Economist Zuo Xiaolei said that China is moving from low-value manufacturing to "technology-intensive" industries.

　　It is expected that the NPC and CPPCC will put forward more detailed plans to achieve the goal of China’s carbon emissions peaking in 2030 and carbon neutrality in 2060.

　　ING also pointed out in its latest report that the NPC and CPPCC expect to have a clear road map for self-sufficiency in advanced technology and carbon neutrality.

　　According to the report, the NPC and CPPCC may not give specific GDP growth targets this year, but the agency predicts that China’s GDP will increase by 7% in 2021. Structurally, domestic demand may become the main stabilizer of China’s economy.

　　Screenshot of Nikkei Asian Review Report

　　The Nikkei Asia Review reported that China will hold the 2021 National People’s Congress on March 5th, which is the most important event on China’s political agenda.

　　The two sessions are regarded as a window to understand the policies of the China government in the next five years or even longer. At that time, China will approve a 15-year long-term plan.

　　One of the most concerned objectives of the 14th Five-Year Plan is to expand the middle-income group, which has reached 400 million, and promote China to become a middle-and high-income country. China’s economy will reduce its dependence on external demand and strengthen the support of domestic consumption for the economy. In addition, China also hopes to strengthen its technical strength and establish an industrial supply chain that is not affected by external factors.