China's economy starts off 2024 on strong footing, with an array of key indicators in the first two months beating market expectation by a wide margin, fueled by a spending spree in the Spring Festival holidays, ramped-up efforts in building new quality productive forces and the effects of macro policies implementation. Observers said the upbeat data offer an encouraging sign that the world's second-largest economy is not only consolidating the recovery momentum but also picking up pace.

The industrial output grew 7 percent year-on-year in the first two months, according to data released by the National Bureau of Statistics (NBS) on Monday, well above the 5 percent forecast from analysts polled by Reuters. It is also the fastest since March 2023.

The strong start in 2024, which presages a raft of bright spots ranging from high-tech to consumption of this year's growth path, also rebuts squarely recent skepticism and badmouths on Chinese economy hyped by certain Western media. It projects great confidence in China's economic trajectory toward a growth rate of around 5 percent in 2024, a goal set by this year's Government Work Report that Chinese officials believe - albeit faced with external and internal headwinds - will come to fruition "with earnest endeavors."

In January-February period, retail sales expanded 5.5 percent from the same period last year, versus a Reuters forecast of 5.2 percent, while fixed-asset investment also gained 4.2 percent in year-on-year terms, surpassing market estimates of 3.2 percent.

"With the macro policies taking effect, China's national economy has continued to recover and turn for the better in the first two months," NBS spokesperson Liu Aihua said at a press briefing of the State Council Information Office on Monday.

Recovery momentum

"The positive macro-economic indicators reflect that the country's GDP growth rate in the first quarter of this year will be higher than 5 percent, and that the economy is bottoming out after facing constant growth pressure seen in the past 10 years or so," Cao Heping, an economist at Peking University, told the Global Times on Monday.

For the first time in a number of consecutive months, the overall gauges on industrial, service and investment all topped the forecasts and displayed a considerable level of gains. And those headline indexes point to a strengthening recovery momentum that is buoyed by restorative growth and, more importantly, multiple new positive factors beyond, according to analysts.

For example, the 5.5-percent jump in the retail sales in the first two months, which though seem to be a moderate number taking account of last year's high base effect, shed light on the indigenous vigor and potential of China's massive consumer market, particularly in entertainment, tourism, cultural, sports and vehicle categories.

During the eight-day Spring Festival holidays in February, nationwide domestic tourism reached 474 million trips, an increase of 19 percent compared with pre-COVID level in 2019, while total expenditure amounted to 632.7 billion yuan, up 7.7 percent from the same holiday period in 2019.

It is forecasted the spending boost will prevail throughout the year, as more stimulus policies take effect and the "pandemic-scarring effect" continues to diminish. China last week unveiled a plan to promote large-scale renewal of equipment and the trading-in of consumer goods, opening up a market worth trillions of yuan and further giving consumption a leg up.

Tian Yun, a veteran economist based in Beijing, told the Global Times on Monday the economic recovery has also shown signs of tilting toward a more "even and balance" mode at the beginning of the year, especially in the demand side, whose recovery - though still lags behind the supply side - has been in a quick catch-up.

Fixed-asset investment, which grew 4.2-percent in the first two months, has "bottomed out" despite a drag by property sector, according to Tian, while ascribing the turnaround partly to the issuance of additional 1-trillion-yuan special treasury bonds in the fourth quarter.

In January-February period, investment in high-tech industries rose 9.4 percent year-on-year, a drastic rise that aligns with this year's economic blueprint laid out during the two sessions, which put the development of new quality productive forces as a core mission.

To reinforce and fast track the recovery in the demand side, Tian suggested that Chinese policymakers to "frontload" part of special-purpose bonds in the first half of 2024.

The Government Work Report stated that China plans to issue ultra-long special treasury bonds starting this year and over each of the next several years. One trillion yuan ($139 billion) of such bonds will be issued in 2024.

In 2023, fixed-asset investment staged a growth of 3 percent, NBS data showed.

In terms of supply, Liu Aihua said at the press briefing that industrial production will continue to play a ballast role in the national economy. She highlighted new drives from China's elevating innovation capacity amid manufacturing upgrade and transformation, in addition to traditional edges such as a complete industrial chain as well as the sheer size of the market.

Confidence behind the target

Following the set-up of an annual GDP growth target in early March, Chinese doomsayers have been gone to great lengths to raise doubts on the likelihood of the country to achieve a 5-percent goal. So the highly-anticipated economic data at the start of the year also timely draws out an objective and comprehensive picture on China's economic course, proving that the country is running on abundant engines - which certain Western media outlets ignore, that arguably outweigh unfavorable conditions, analysts said.

While acknowledging a bunch of downward pressures including "complex, severe and uncertain external environment and insufficient domestic effective demand," Liu stressed that China has conditions and enough support to hit the around 5-percent GDP growth target, and will realize the goal "through earnest endeavors."

Liu said Chinese authorities attach great importance to the challenges that could pose barriers to development. They also stand with great confidence and maintain strategic focus to cope with difficulties, promote sustained economic recovery, and translate the expected economic development goals into reality.

Han Baojiang, a professor at Party School of the Central Committee of the Communist Party of China, told the Global Times that Chinese policymakers are sober and they have articulated clear approach to economic development. "As long as we improve our economy, enhance people's livelihoods, and ensure employment, it is probably the most effective way to deal with all challenges."

Cao also voiced full confidence that the country will realize this year's GDP growth target of around 5 percent, though he said more effort is needed to focus on high-quality development.

To shield against potential headwinds, Cao suggested that authorities should continue to promote the transition in overall economic structure, focus on developing new quality productive forces, like new industries to be propelled by artificial intelligence.

Analysts warned against the property downturn, which they said is likely to persist for some time this year. In the first two months, China's property investment dived 9 percent year-on-year, NBS data showed.

Also, the increasingly volatile external environment calls for Chinese policymakers to reach more into the toolbox to stabilize and shore up internal demand, according to Tian. Liu said the country's solid economic fundamentals, the accumulation of many positive factors and the government's stimulus measures will continue to propel the economy to rebound and improve.

Tian predicted that China will continue making an "immense" 30 percent contribution to the world economy on condition that the 5-percent GDP growth goal is achieved, making it the second-largest only after the US.

China's integrated circuits (IC) or semiconductor chips export surged by nearly 30 percent in the first two months of 2024 amid the country's efforts to climb up the global technological ladder, despite mounting assaults by the US and its allies to slow down China's technology rise. 

IC exports reached 160.71 billion yuan ($22.33 billion) during the first two months of 2024, with an annual increase of 28.6 percent, data from the General Administration of Customs showed on Thursday. 

IC exports were among a number of high-tech products that have experienced robust growth during the January-February period. 

Beside IC, the exports of automatic data processing equipment increased by 7.3 percent year-on-year to reach 195.45 billion yuan and auto exports soared by 15.8 percent from the same period last year to reach 111.89 billion yuan. 

The robust growth of high-tech products reflect that China's efforts in transforming and upgrading its industries is paying off , and the tech suppression by a number of Western countries have largely failed and have actually boosted China's tech competitiveness as the country put more efforts in achieving self-sufficiency in high-tech products such as chips, analysts said. 

China's chip self-sufficiency rate may increase to 30-35 percent as many domestic chipmakers have expanded manufacturing since the US launched its tech war against China several years ago, said Xiang Ligang, director-general of the Beijing-based Information Consumption Alliance.

Zheng Shanjie, head of the National Development and Reform Commission, the country's top economic planner, said at a press conference held during the ongoing two sessions that China's economy was off to a good start in the first quarter this year, with preliminary economic indicators such as electricity use, exports, and bank loans pointing to a strong recovery of the economy.

The Guangdong Provincial Public Security Department has recently released a notice seeking public opinions on the draft amendment of the regulations on the reward and protection of volunteer personnel who behave righteously in the province, in which the regulations stipulate that those sacrificed their lives will be awarded an additional one-million-yuan ($139,454) compensation for their righteousness.

South China's Guangdong Province aims to establish regulations that honor and protect the brave and righteous volunteer personnel, creating a more favorable environment for volunteer activities, according to the regulations. The public can submit feedback and suggestions to the provincial authorities before January 30.

In addition to receiving the corresponding awards given by the state and province for the individuals who have performed brave acts, the Guangdong provincial government will award a one-time bonus. For those who are completely unable to work will be awarded a bonus of 800,000 yuan, and those who win the title of national righteous and brave will be awarded a prize of 200,000 yuan, according to the regulations.

The act of bravery in the regulations refers to the actions of individuals who don't have legal responsibilities or obligations, but who, intervene in illegal and criminal activities or engage in rescue, emergency response and other actions, for protecting national and public interests, or others' life and property safety.

Citizens are encouraged to take appropriate and effective actions to carry out the acts of bravery, including stopping illegal and criminal activities that endanger national security, public safety, or disrupt social order, according to the regulations.

The regulations also stipulate county- or above-level governments within the province should reward those individuals who conduct acts of bravery such as releasing notification of commendation, awarding prizes and awarding the title of honor.

In order to ensure those individuals' legitimate rights, the regulations also stipulate that any organization or individual, who witnesses someone who is injured by performing a heroic act, should promptly inform the public security organs and medical institutions, and take measures to assist in treatment and provide aid. Medical institutions should prioritize treatment, and can not refuse or delay treatment.

The country has been making efforts to make sure the legitimate rights of those individuals who conduct brave acts are protected. In June 2023, a young deliveryman Peng Qinglin jumped off a high bridge to save a drowning woman in Hangzhou, East China's Zhejiang Province. Hangzhou authorities awarded Peng the title of honor and a cash prize as well.

As the clock ticked into 2024, several Chinese provinces including East China's Anhui and Central China's Hunan began a new round of construction of major projects, signaling a robust start to the new year. The growth in investment brought an encouraging sign for economic growth.

Analysts told the Global Times on Thursday that this development laid a solid foundation for investment in 2024, and these new projects are expected to generate significant economic benefits and jobs, and ramp up investment that will drive economic growth.

On Tuesday, Anhui held a groundbreaking ceremony for the Hefei-Wuhan High-Speed Railway, along with the first batch of major projects for 2024. So far, 460 major projects have been launched in the province, with a total investment of 489.63 billion yuan ($68.5 billion).

These projects range from infrastructure to emerging industries and include 33 projects with an investment of more than 3 billion yuan.

Insufficient investment in 2023 hindered economic development in China, but the situation improved at the end of the year. With improving development expectations and new policies conducive to industrial development, investment is expected to further increase this year, Tian Yun, a veteran economist based in Beijing, told the Global Times on Thursday.

"I am most optimistic about the energy sector this year," Tian said. "As an emerging industry, it has shown promising growth momentum and proven to have the potential to inject vitality into China's economic growth."

Hunan Province started on Wednesday work on 11 major projects with a combined investment of 87.2 billion yuan.

Emerging industries are playing a pivotal role in driving investments. Among the 460 projects initiated in Anhui, 253 are in emerging industries, including new-energy vehicles, smart grids, advanced photovoltaic systems and new materials, with total investment of 247.66 billion yuan. 

All across China, regions are gearing up for a strong start to the new year, with a focus on emerging industries.

In Xiamen, East China's Fujian Province, 25 of the 63 newly launched projects are related to industries such as new energy, new materials and biomedicine, making up 39.68 percent of the total.

Central China's Henan Province on Monday announced policies to promote a robust economic start to the first quarter, with 100 projects each worth of 10 billion yuan in investment.

"I expect a rise in investment can provide the impetus to achieve 5 percent GDP growth for China in 2024," said Tian. 

As a cold wave swept across northern China, the Chinese capital welcomed its first snow of the winter on Sunday evening. Traffic in Beijing has also been affected by the snowfall, with heavy congestion during the morning rush hour on Monday.

Following the snowfall, Beijing was covered in a silver-white coat, presenting picturesque scenes at Beihai Park, the watchtowers and the Shenwu Gate of the Forbidden City. The snow covered the buildings of the Forbidden City, making the red walls and golden tiles appear more vibrant, creating a striking contrast with the pristine white snow, resulting in a beautiful and magnificent sight. Coincidentally, the Forbidden City is closed on Mondays, presenting a serene and peaceful atmosphere after the closure.

Different from the Forbidden City, the Universal Studios theme park is bustling as usual.  Many visitors wearing wizard robes headed straight to the Harry Potter's Wizarding World area, checking in at the silver-clad Hogsmeade Village, as if they have "traveled" into the classic snow scenes from the movies.

Netizens were amazed by the snowy scenes and expressed optimism for a prosperous year with auspicious snowfall. Many netizens from the southern regions expressed their envy, saying, "Beijing has already seen the first snow, while in Shenzhen, Guangdong Province, we still need to use electric fans. Southerners who have never seen snow are eager to personally experience it!"

Also enjoying the first snow was the star giant panda Meng Lan, "the 3rd Prince of Xizhimen," who once went viral for "breaking through" the enclosure at the Beijing Zoo. On the snowy day, Meng Lan rolled and happily frolicked in powedery snow. Visitors couldn't help but chuckle at the adorable sight.

From 7 pm on Sunday to 6 am on Monday, the average snowfall in Beijing was 5.1 millimeters, with the urban area averaging 5.8 millimeters. The highest snowfall occurred in Pupuwa, Fangshan district reaching 9.8 millimeters. According to Beijing Public Transport Group, as of 6 am, a total of 172 bus routes had been adjusted due to the snowy weather, including 157 routes that had been suspended, nine routes with adjusted sections, and six routes with detours and skipped stops.

The Beijing Capital International Airport plans to operate 1,100 flights and transport approximately 150,000 passengers on Monday. As of 7 am, 84 flights had been executed and 59 flights had been canceled. At 6 am, the airport initiated targeted de-icing operations, and a total of 22 flights had been de-iced. The overall operation of Beijing Capital International Airport remains normal.

Affected by a strong cold air mass, the meteorological department in East China's Shandong Province issued a blue warning for cold wave and a yellow warning for road icing on Saturday, and continued to issue a yellow warning for strong winds at sea on Sunday. Under the influence of the cold wave, there was also moderate to heavy snow and local blizzards in the northwest and central regions of Shandong. In addition, the city of Yulin in Northwest China's Shaanxi Province experienced significant rain and snow and a drop in temperatures on Sunday. Several local meteorological monitoring stations recorded snowfall at the level of heavy snow, and the average temperature dropped by 6 C to 8 C.

In Zhengzhou and Xinxiang, Central China's Henan Province, primary and secondary schools, as well as kindergartens, had half-day off on Monday.

On Sunday, a significant drop in temperatures occurred across most parts of Northeast China's Heilongjiang Province, with the lowest temperatures expected to reach -25 C to -30 C in some areas from December 10 to December 15. To cope with the cold weather, various measures had been taken to strengthen water and heating supply and other livelihood guarantees. In Fujin city, the local heating company has increased the frequency of inspections on heating equipment such as pipelines and valves to ensure the quality of heating.

To ensure the safety of passengers, the railway departments had suspended 112 passenger trains heading to Beijing, Xiamen, Chengdu, Taiyuan, among other routes, with some trains experiencing delays.

Researchers from the Institute of Process Engineering (IPE) of the Chinese Academy of Sciences have proposed a new "nano-micro composite" delivery concept for vaccines and developed a single-dose, dry-powder, inhalable vaccine platform. The vaccine made in the laboratory based on the technology is effective in blocking respiratory viral infection and transmission in animal test, showing great promise for combating future emerging and epidemic infectious diseases. This study was published in Nature on Wednesday. 

In recent years, researchers have made significant progress in developing vaccines for infectious respiratory diseases. However, most of these vaccines are administered through intramuscular injection, which primarily induces a humoral immune response and relies on blood antibodies to neutralize the virus. This approach fails to trigger a mucosal immune response and establish a robust immune barrier in the respiratory tract, according to a release from the research group.

The current liquid form of vaccines requires to be stored in strict low-temperature, and the two- or three-dose vaccination schedule also impacts the overall vaccination rate.

In confronting these problems, professor Wei Wei and professor Ma Guanghui from the State Key Laboratory of Biochemical Engineering at IPE, in cross-disciplinary collaboration with professor Wang Hengliang and professor Zhu Li from the State Key Laboratory of Pathogen and Biosecurity, have developed a new vaccine platform.

This platform combines biodegradable microspheres with protein nanoparticles. The surface of these nanoparticles can simultaneously display multiple antigens, thus inducing a broad-spectrum immune response and expanding the range of vaccine protection. The platform also allows for the quick and convenient development of other respiratory virus vaccines due to the flexibility of antigen presentation.

The platform's unique nano-micro composite structure enables an efficient immune response in the lungs by facilitating high-performance delivery. Once antigen-nanoparticles are released, they can be efficiently taken up by antigen-presenting cells. 

Moreover, this dry powder vaccine significantly reduces storage and transportation costs, making it suitable for areas with limited refrigeration facilities, thus improving immunization rates.

The sustained release of antigens in the vaccine induces long-lasting humoral, cellular, and mucosal immunity with just a single inhalation

In cooperation with professor He Zhanlong of the Institute of Medical Biology of the Chinese Academy of Medical Sciences, the researchers developed a model of airborne protection, close contact protection, and airborne transmission blocking, which demonstrated that an inhaled vaccine is highly effective in preventing the virus infection and transmission.

"The components of this nano-micro system used natural proteins and approved polymer materials, and the effectiveness and safety of the vaccine have been systematically studied in non-human primates, indicating its great potential for clinical translation," professor Wei said.

"The audience here in Chengdu is incredibly enthusiastic, and I deeply enjoyed the game. Every time we scored or made a good defensive play, the audience gave us big rounds of applause and cheers," basketball player Yu Ai-Che from the Chinese Taipei team told the Global Times on Monday evening after the competition against the Chinese team at the 31st FISU World University Games in Chengdu.

In Monday's Men's basketball competition, the Chinese Taipei team defeated the mainland team with a score of 97:84. Both teams had previously suffered two consecutive defeats by Lithuania and Brazil in the earlier group stage, which meant they had no chance of advancing to the top eight.

"The atmosphere in Chengdu is fantastic, and I'm extremely grateful to the audience. They continually cheered and clapped for our team throughout the game. I've played in the mainland when I was in high school, and I definitely want to play with mainland players again to improve both our techniques," said Yu Ai-Che after the competition.

In addition to the audience's passionate support for both teams from the first period to the last, the Global Times also noted that during the halftime break of the match, the panda-shaped mascot Rongbao and the entire audience sang the song "A Family Who Loves Each Other" together. The Taiwan island's folk song "Maiden of Alisan" resonated with the people present. The two teams also exchanged gifts before the start of the match.

Mainland player Zhang Ning said that he gave plush toys of Rongbao to his friends from the island of Taiwan, just as he would bring back souvenirs for his family.

A total of 50 Hungarian art works were featured on Tuesday at the Chongqing Art Museum. The 2023 Western China Hungarian Cultural Festival and the 2nd Chongqing Urban Arts Festival with the theme "The Journey: Janos Fajo and The Pesti Workshop," were co-organized by the Chongqing Art Museum, the Liszt Institute Hungarian Cultural Center Beijing, the Consulate General of Hungary in Chongqing, and Central Bank of Hungary. 
Czégel Bálint, consul general of Hungary in Chongqing, Kohári Lajos, head of Department at the National Assembly of Hungary, Wang Rongfa, director of Chongqing Art Museum, and other guests attended the ceremony. 

This exhibition is to implement the Belt and Road Initiative (BRI) development strategy, strengthen the mutual understanding of civilizations and people-to-people communication with Belt and Road countries, and enrich the series of exhibitions of the 2nd Chongqing Urban Arts Festival to meet the high-quality spiritual and cultural needs of the public. 

More than 50 pieces were put on display at the exhibition ranging from oil painting to printmaking and other media. The works are rich in context, experimental, and of high artistic value, reflecting the contemporary style and unique artistic characteristics of Hungarian contemporary painting.

The exhibition runs until November 17, according to official Wechat account of Liszt Institute Hungarian Cultural Center Beijing.

The Argentine Consulate General in Hong Kong held the Argentina National Day Reception, on July 19. Argentine Ambassador to China Sabino Vaca Narvaja delivered a speech at the ceremony in which he said, "I looked forward to keeping close relations with the Chinese mainland, Hong Kong and Macao, and jointly boosting global development in the next 50 years."

Narvaja said that Argentina could further explore changes between the Chinese mainland, Hong Kong and Macao in the areas of trade, investment, infrastructure, mineral resources, as well as culture, tourism and sports based on the current bilateral relations between China and Argentina and prospects for future cooperation. 

During Argentine President Alberto Fernandez's visit to China in February 2022 with the occasion of commemorating the 15th anniversary of the establishment of diplomatic relations between the two countries, China and Argentina signed a memorandum of understanding on the Belt and Road Initiative.

"Argentina and Hong Kong have strong economic complementarities, and Hong Kong has played an important bridging role in the cooperative relationship between China and Argentina," Consul General of Argentina in Hong Kong Gonzalo Javier Sabate said.

Representatives from Hong Kong's performing arts community attending the reception hoped that more Argentine artists would participate in projects featuring Hong Kong's diverse society and culture in the future.

Editor's Note:

The Jakarta-Bandung High-Speed Railway (HSR), a landmark project under the China-proposed Belt and Road Initiative (BRI), is undergoing intensive joint commissioning and testing, paving the way for commercial operations scheduled to begin soon this year. 

Chinese Premier Li Qiang aboard a bullet train during a trial run on Wednesday during his official trip to the ASEAN summit in Indonesia from September 5 to 7, Reuters reported.

The Jakarta-Bandung HSR is the first high-speed railway line in Indonesia and Southeast Asia, connecting Indonesia's most densely populated areas.

As the Jakarta-Bandung high-speed railway line is set to open, Global Times reporters Hu Yuwei and Zhao Juecheng (GT) interviewed the Chinese Ambassador to Indonesia Lu Kang (Lu), who is also a former spokesperson of Chinese Foreign Ministry.

Lu believed that the Jakarta-Bandung HSR will bring tangible benefits to Indonesia, while expecting the project to become a new growth point and create a high-speed railway economic corridor. He argued that the consensus reached by the heads of China and Indonesia further illuminates the direction to be taken and injects strong momentum into future relations. China supports Indonesia's chairmanship of ASEAN and is willing to deepen comprehensive strategic partnerships with ASEAN members.

GT: What changes will the Jakarta-Bandung HSR bring to Indonesia? What are local people's expectations?

Lu: The opening of the Jakarta-Bandung HSR will bring many tangible benefits to Indonesia such as more efficient travel conditions. The travel time from Jakarta to Bandung will be reduced from three and a half hour to just 40 minutes, effectively alleviating commuting traffic pressure between the two cities.

In the long run, the project will further boost investment and create employment opportunities for the people, and drive commercial development and tourism along the route. It may even become a new growth point, accelerating the formation of a high-speed railway economic corridor.

On June 22, I was invited to take a trial ride on the train together with Indonesia's Coordinator for Cooperation with China and Coordinating Minister of Maritime Affairs and Investment Luhut Binsar Pandjaitan, Transport Minister Budi Karya Sumadi, West Java Governor Ridwan Kamil, and president of railway operator China State Railway Group Liu Zhenfang. During the trial ride, the train reached a speed of over 355 kilometers per hour, surpassing the current fastest commercial speed of any high-speed railway in the world, which amazed our Indonesian friends and earned praise for Chinese-made high-speed railway technology.

On that day, I also noticed that many locals were watching the train along the way. I was told that Indonesian people take videos of the passing trains along the high-speed railway every day, which reflects their high expectations for the project.

GT: The construction of the Jakarta-Bandung HSR marks the first all-round implementation of Chinese high-speed railway technology abroad, from the whole system and all of its elements, to the whole industrial chain. Does it mean a big step for China's high-speed railway manufacturing going global?

Lu: The Jakarta-Bandung HSR vividly embodies the concept of "extensive consultation, joint contribution, and shared benefits" under the BRI framework and has important reference significance for us to carry out other similar projects. 

The successful completion of the Jakarta-Bandung HSR directly proves that Chinese manufacturing technology is mature, efficient, internationally standardized, adaptable to local environments, and actively integrated into the development plans of the host country. This will greatly facilitate China's manufacturing going global and inspire developing countries to have confidence in pursuing development paths that suit their own national conditions.

GT: According to your observations how has the BRI benefited livelihoods and brought tangible benefits to the Indonesian people? 

Lu: Taking infrastructure connectivity as an example, since the proposal of the BRI, China and Indonesia have cooperated to build a number of high-quality projects, covering areas such as power plants, roads and bridges, dams, and telecommunication networks, making positive contributions to Indonesia's passion to become a traffic hub. 

A series of iconic projects have been completed, such as the Suramadu Bridge, the longest sea-crossing bridge in Southeast Asia, the Tayan Bridge, the longest corbeled stone-arch bridge in Indonesia, and the Jatigede Dam, the second-largest dam in Indonesia, bringing convenience to the local populations.

Chinese-funded enterprises in Indonesia have not only provided a large number of job opportunities for the locals but also contributed to the development of local livelihoods through knowledge and technology sharing. Taking the Jakarta-Bandung HSR as an example, over 75 percent of the services and procurement for the project are sourced locally in Indonesia, significantly boosting the local supply chain and employment. It is estimated that the project will create 30,000 job opportunities in Indonesia.

GT: Chinese President Xi Jinping met with Indonesian President Joko Widodo On July 27 in Chengdu when Widodo visited China. How do you evaluate the achievements of President Widodo's visit to China this time? 

Lu: This is the third face-to-face meeting between the two heads of state within a year, which reflects the high level and special nature of China-Indonesia relations. As President Xi said, on the path to national modernization and rejuvenation, China and Indonesia share highly aligned visions and present opportunities for each other's development, are like-minded companions, and good partners. 

This further clears the direction and injects strong momentum into the future friendship between China and Indonesia. After the meeting, the two leaders witnessed the signing of multiple bilateral cooperation agreements, including agricultural product exports to China, health cooperation, joint research and development, as well as the construction of the new Indonesian capital and the "Two Countries, Twin Parks" project, achieving significant practical results.

GT: This year marks the 10th anniversary of the BRI and the comprehensive strategic partnership between China and Indonesia. We have noticed that President Widodo's "Global Maritime Fulcrum (GMF)" strategy resonates with China's 21st Century Maritime Silk Road initiative. How do you envision future cooperation between China and Indonesia with synergy of strategies?

Lu: In November 2022, Chinese President Xi and Indonesian President Widodo reached an important consensus on building a community of shared future between China and Indonesia. They agreed to take the 10th anniversary of the establishment of the comprehensive strategic partnership between China and Indonesia in 2023 as an opportunity to create a new pattern of high-level cooperation. 

The two sides signed a cooperation plan under the framework of aligning the BRI with the GMF concept, and significant progress has been made in its implementation. The Jakarta-Bandung HSR is one of the flagship projects.

In July this year, the two heads of state met again in Chengdu and reached an important consensus on deepening strategic cooperation between China and Indonesia. 

We will take the 10th anniversary of the comprehensive strategic partnership between the two countries and the first year of the China-Indonesia community of shared future as a chance to promote deeper and higher-level strategic cooperation between the two sides, injecting more certainty and positive energy into the region and the world.

GT: How do you evaluate the current level of cooperation between China and Indonesia in the fields of economy, trade, and investment? What suggestions do you have for further enhancing bilateral economic and trade cooperation?

Lu: In recent years, with the comprehensive integration of the BRI and Indonesia's GMF, China-Indonesia economic and trade cooperation has achieved fruitful results. China has been Indonesia's largest trading partner for 10 consecutive years. In 2022, the bilateral trade volume between China and Indonesia reached $149.1 billion, a year-on-year increase of 20.16 percent. Investment cooperation is also a highlight of the two countries' economic and trade cooperation. In 2022, the Chinese mainland's investment in Indonesia reached $8.2 billion, a year-on-year increase of 156.25 percent, maintaining its position as the second-largest foreign investor in Indonesia.

According to the consensus reached by both sides earlier this year, China is willing to further expand the importation of Indonesian bulk commodities and high-quality agricultural and fishery products according to market demand. 

The Chinese government encourages its enterprises to invest in Indonesia and expand cooperation in infrastructure, green development, the digital economy, healthcare, and other fields. We aim to create highlights in maritime cooperation and promote the resumption of fisheries cooperation.

GT: In the current tense geopolitical situation, ASEAN members have become objects of competition for major powers. Indonesia is the key member of the ASEAN. How can China-Indonesia cooperation better deal with geopolitics challenges and achieve long-term stability?

Lu: This year marks the 10th anniversary of the establishment of the comprehensive strategic partnership between the two countries and the 20th anniversary of China's accession to the Treaty of Amity and Cooperation in Southeast Asia. As President Xi once said, the Asia-Pacific is no one's backyard and should not become an arena for big power contests and no attempt to wage a new cold war will ever be allowed by the people or by our times. This is the inevitable requirement for maintaining peace, stability, and prosperity in the Asia-Pacific region and the common wishes of people in the ASEAN and other countries.

One important reason why the ASEAN can maintain its central position in the regional architecture is its long-standing commitment to independence, non-alignment, and neutrality. The ASEAN has repeatedly stated that it will adhere to openness, inclusiveness, dialogue, and cooperation, and focus on economic development without aligning with or targeting any party.

In the process of achieving national modernization and rejuvenation, China and Indonesia have highly compatible ideas that present mutually beneficial development opportunities. They are like-minded partners and good companions. 

China supports Indonesia's role as the rotating chair of the ASEAN this year and is willing to deepen comprehensive strategic partnerships with ASEAN countries, including Indonesia, and jointly create a positive energy.

GT: Shortly after taking office as Chinese Ambassador to Indonesia in 2022, you opened a Twitter account. Do you have any interesting or memorable stories to share with us about your interactions with locals on social media? 

Lu: Since opening my Twitter account over a year ago, I have been able to interact closely with Indonesian and global netizens through this platform, and I am deeply impressed by their interest in China. 

A friend once told me that the Indonesian people seem less interested in politics, but the content I shared on Twitter about President Xi's activities and the interpretation of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era have received widespread and positive responses. 

In the comments section, many Indonesian netizens have expressed their appreciation, saying that Indonesians like to cooperate with China for development and that cooperation with China is friendly trade, not a command. 

Such enthusiastic feedback was unexpected but reasonable. China's wisdom and solutions have made it possible to solve more global issues and inject new energy into global development.