On November 8, Consul General of the People’s Republic of China in Sydney H.E. Zhou Limin published an article titled“China's High-Quality Development Brings New Opportunities to the World”on local newspaper Australian Chinese Daily. The full text is as follows:

The 20th National Congress of the Communist Party of China (CPC) was successfully held in Beijing from October 16 to October 22 in 2022. During the congress, the new central leadership of the CPC was elected with General Secretary Xi Jinping as the core, and a grand blueprint for China to build a modern socialist country in all respects has been drawn up. 

The Congress stresses that China must, first and foremost, pursue high-quality development to build a modern socialist country. This is an assessment based on changes in China's development stage, development environment and development conditions. 

Since the founding of the People’s Republic of China, especially since the reform and opening up, the CPC has led the Chinese people in creating two miracles of fast economic growth and long-term social stability. China's GDP exceeded 114 trillion yuan RMB (about US$18.1 trillion) in 2021, accounting for more than 18% of the world economic aggregate. At the same time, China’s development remains imbalanced, uncoordinated, and unsustainable. China is actively accelerating the transformation of the development model and focusing on improving the quality and efficiency of development, with a view to promoting high-quality development.

China's high-quality development is guided by the philosophy of innovative, coordinated, green, open and shared development. It integrates the economic, social, cultural and ecological aspects etc., with a view to meeting the people's ever-growing needs for a better life.

To achieve high-quality development, China adopts an innovation-driven strategy. In recent years, China's industrial structure has been continuously optimized. The high-tech industry is growing at twice the average growth rate of the entire industry. China is at the forefront of the world in main technical areas such as aerospace, artificial intelligence, 5G communications, and quantum computing. China’s ranking in the Global Innovation Index has gone up from the 34th 10 years ago to the 11th nowadays. China will continue to put innovation at the core of its modernization, and steadily foster new growth drivers and new strengths. 

To achieve high-quality development, China is committed to high-standard opening up. Reform and opening up is China's fundamental national policy and the key impetus for growth. China's trade in goods and services totaled US$6.9 trillion in 2021. It had made outward investment of more than US$2.6 trillion, the same volume as that of the foreign direct investment it had attracted. China has become a major trading partner for more than 140 countries and regions, and has contributed an average of 38.6% to global economic growth. The 5th China International Import Expo just opened in Shanghai on November 5, providing opportunities for countries around the world to expand goods and services exports to China. China will only open its door wider to the world and will never close it.

To achieve high-quality development, China will spare no efforts to accelerate transition to a green development model. The idea that "lucid waters and lush mountains are invaluable assets" has taken a deep root into people’s minds in China. China strives for carbon emissions peak by 2030 and carbon neutrality by 2060. The proportion of clean energy consumption in China has reached 25.5%, and the installed capacity of hydropower, wind power and solar power all rank first in the world. China produces and uses the largest number of new energy vehicles in the world, nearly half of the global total. China will plan its development from the perspective of harmonious coexistence between man and nature, and make new contributions to global cooperation on energy and climate governance.

Economic growth rate is an important indicator of high-quality development, but it is not the only one. China's economy grew by 3.9% in the third quarter of this year. This was achieved amid the repeated waves of COVID-19 outbreaks and a sluggish world economy. It was significantly higher than that of the second quarter and much higher than the growth rate of world major economies over the same period, which is indeed hard-won. 

In spite of severe challenges, the fundamentals of the Chinese economy - its strong resilience, enormous potential and long-term sustainability - remain unchanged. China's economy is making steady progress and remains the engine and "ballast" of the world economy. Experts from the Economist Intelligence Unit believe that when compared with other countries with economic difficulties, "China has some unique advantages at the moment," which enables its economy to maintain positive growth even in the face of significant internal and external pressure. 

Standing at a new starting point, China will embrace the world with greater openness, contribute to the world with more dynamic development, and continue to provide new cooperation opportunities for Australia and other countries with its own development.