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British Economist: Optimistic about China's Economic Prospects

2025-08-12   

John Ross, a British economist and former director of the London Office for Economic and Business Policy, said in a recent interview with reporters that the fundamentals of the Chinese economy are stable, investment efficiency is high, and research and development investment continues to increase. He believes that the Chinese economy will maintain steady development. Luo Siyi stated that China's gross domestic product (GDP) grew by 5.3% year-on-year in the first half of this year, demonstrating a robust economic foundation. He pointed out that China maintains a high investment efficiency, continuously increases research and development investment, and continues to promote technological upgrading, which contributes to sustained economic growth. According to data released by the Organisation for Economic Co operation and Development in March this year, China's R&D investment as a percentage of GDP in 2023 is the highest among all developing countries, surpassing several countries in the G7. China is no longer a follower, but a leader in various fields such as drones, some artificial intelligence technologies, and battery technologies, "Luo Siyi told reporters. As the world's largest trading nation in goods, China continues to promote high-level opening up to the outside world, actively opens up its markets to the world, and is committed to promoting economic globalization, which has become a key force in the globalization process. (New Society)

Edit:Yi Yi Responsible editor:Li Nian

Source:www.news.cn

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