People's Daily Cairo, March 15 (Reporter Chen Xiaoxiao) "Active internal and external investment, first-class infrastructure construction, strong human capital development and visionary leadership are driving the Chinese economy to move forward at an astonishing speed." Recently, Balu Demisi, a policy researcher at the University of Addis Ababa in Ethiopia, said in an exclusive interview with People's Daily reporters that by promoting high-tech development, green development and digital innovation, the quality of China's economic development has steadily improved, and is moving towards a more innovative and sustainable economic model. "The global competitiveness of China's economy is increasing."
The picture shows Balu Demisi, policy researcher at the University of Addis Ababa, Ethiopia. Photo provided by the interviewee
In October 2024, Balu Demissi visited China. He said he was deeply impressed by China's continued economic growth and its attractiveness to foreign capital. "I have seen many international companies conduct business in China, which reflects the effectiveness of China's foreign direct investment policy. I have also seen a large number of international tourists, which shows China's status as a major global tourist destination and public diplomatic center."
At present, China is focusing on developing new quality productivity and promoting high-quality development, focusing on scientific and technological innovation, promoting the high-end, intelligent and green development of traditional industries, and vigorously developing emerging industries for the future. Balu Demisi said that as the driving force of China's new quality productivity, China's leading position in the field of artificial intelligence is reshaping its economic and international status, significantly improving the efficiency of production and services.
Balu Demisi said that artificial intelligence is promoting the development of emerging industries such as new generation information technology, advanced equipment, biomedicine, and new energy vehicles, and has also driven the growth of e-commerce, financial technology and intelligent services. "By integrating artificial intelligence into manufacturing, services and infrastructure, China has not only improved efficiency, but also promoted high-quality sustainable development." He believes that by promoting high-tech self-reliance, sustainable development and digital innovation, China is enhancing its competitiveness in the international market while ensuring long-term economic stability.
China is transforming traditional industries to ensure sustainable development while promoting technological innovation. "By integrating clean energy, artificial intelligence-driven automation and green technologies, China has not only improved industrial efficiency, but also played an important role in the global environmental initiative." Balu Demisi believes that China is in the leading position in the production of solar cells, lithium-ion batteries and electric vehicle. In addition, China's green technology exports have also seen significant growth, which not only made significant contributions to China's overall economic growth, but also surpassed national boundaries and promoted international cooperation in the fields of green finance, sustainable infrastructure and renewable energy. "For example, China's electric vehicles are becoming more and more popular and cheaper, creating major opportunities for green investment."
Balu Demisi believes that by continuously investing in renewable energy, intelligent manufacturing and green technologies, China is setting global standards for environmentally friendly industrial growth and consolidating its leading position in green, intelligent and high-quality development. The ecological civilization concept advocated by China embodies the beautiful vision of coexisting with nature, improving everyone's quality of life, material well-being and environmental well-being, and sets an example for global sustainable development.
In recent years, Ethiopia's trade with China has grown steadily. Balu Demisi believes that Ethiopia and China are committed to green and sustainable development, and the two countries have a large space for cooperation in renewable energy, green development and green finance. China provides Ethiopia with reference experience. "Ethiopia can benefit from China's development experience, which will help promote economic growth, create jobs, attract investment, and jointly achieve green development goals."
The picture shows Balu Demisi, policy researcher at the University of Addis Ababa, Ethiopia. Photo provided by the interviewee
