China's Economic Resilience Serves as Global Stabilizer

China's economy continues to serve as a stabilizing force in the global economy, contributing around 30% to its growth for many years. In fact, the country has maintained this contribution rate despite turbulent external conditions.

The People's Daily recently published an article highlighting China's contributions across four key dimensions: global economic growth, supply chain stability, technological innovation, and mutual benefit. The article pointed out that in the first half of 2023, China's economy grew by 4.7%, with domestic demand accounting for over 80% of this growth.

The article also noted that China has been actively leveraging its new energy advantages to reduce crude oil imports, thereby easing international oil price pressure. With nearly 40% of its electricity coming from green power sources and a cumulative 54.1% retail penetration rate for new energy vehicles in the first half of this year, China is reducing its reliance on fossil fuels.

On the technological innovation front, China has seen significant advancements, with its Global Innovation Index ranking rising to 10th place in 2025 from 34th in 2012. The country's innovation achievements have continued to capture global attention, with breakthroughs such as the humanoid robot 'Shandian' and the semiconductor 'Tao's Law.'

Despite some countries turning towards protectionism, China has consistently adhered to expanding market openness through measures like lowering import tariffs and hosting the China International Import Expo.