THE Chinese Government is approaching towards “2 Sessions” to be held on March4-5 2024 during which evaluation of its macro-economy, economic growth, economic achievements, financial management, fiscal and monetary targets and overall performance and gains of its governance during 2023 will be thoroughly discussed. Even GDP, GNP and other important economic targets of 2024 along with “new driving forces” for its achievements will also be announced.

Most recently, the Chinese National Bureau of Statistics released the “Statistical Communiqué” of China on the 2023 National Economic and Social Development which provided a holistic and comprehensive analysis of China’s national economic and social development which vividly reflects its huge vastness, diversification, high level of modernization, qualitative industrialization, investment, business and overall people’s friendly structural reforms and policies during 2023.

it augurs well that despite the Western narrative of so-called “China Collapse Theory”, China’s economy remained stable, sustainable and resilient and achieved GDP of over 126 trillion Yuan ($17.51 trillion) and growth rate of 5.2 percent. The statistical communiqué showcases its “economic structural transformation”, “green” and low-carbon elements, new growth drivers and livelihood improvements is commendable reflecting introduction and “institutionalization” of new economic drivers and policies to achieve the desired goals of carbon neutrality in the days to come.

Remarkably, final “consumption”........

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