This article was exclusively written for The Sting by Mr Dimitar Papukchiev, one of the winners of the China Unlimited competition and participant at the China Unlimited trip last month.
I was deeply impressed by the economic growth of China. The Chinese good governance has a very good strategy to expand further the economic growth through the instrument of improved domestic consumption.
To improve domestic consumption China realized that it has to stimulate the lower income provinces by the method of “connected vessels”. To do that they send high government officials and motivated experts to less developed regions. Those people are highly motivated to become recognized and to show their skills. During the official visit we met with the mayor of Heshun New Village who is such young man. For the period which he is in power the GDP of the area he governs increased dramatically, there are major investment s in agriculture and infrastructure.
During my trip I analyzed Chinese production and domestic consumption and I came to a conclusion that when coming to quality there are no compromises and no double standards. Chinese consume the same products that they export. During the official visit I had the chance to meet with the mayor of Ningxia and he confirmed with me that there are no compromises in quality regarding the domestic consumption. He told me that in order to keep quality high the production is audited both by the Chinese government and an external evaluator to insure high quality production is supplied to the market. He told me that the Chinese strategy is to create a strong culture of consumption in the local policy. Chinese export now comes from all provinces. Strong domestic consumption is the backbone of a strong export expansion and China is a great example to that theory.
The Chinese shift to domestic consumption- driven economy, has improved economic growth to average at 6.5% says former Vice Premier of China H.E. Zeng Peiyan. The development of domestic consumption- driven economy follows the logical pattern of opening the China to the world. In this way both the rich and the poor regions are opening their production to the world. The quality assurance of the production follows the economic law, and the control of quality good distributed both to local and international markets are of most important. China’s expenditure on R&D has increased to 2.1 per cent of GDP. China is committed to reforming its business environment in order to make it a good example to the world. Even in the slowdown the number of new businesses registered in China exceeded 10,000 per day.
Opening China to the world aims to boost the self-respect of each Chinese man or woman around the globe. The development of the domestic market builds global culture. The Chinese people are becoming people of the world, as there is an ancient saying “We are here and now is now!” China is moving from introvert to extravert world power which will open this great Nation both domestically and internationally. An example of this extravert culture is the Chinese domestic investments in sport and culture. During my trip I visited both big cities and small villages. Everywhere no matter the size of the settlement I have seen sport fields, theaters, galleries and stadiums. I was amazed to find out that even in Heshun New Village, a relatively small village they had a basketball sport team which was practicing during the time we were there. They were very good sportsman.
China opens itself to global investors not only by promoting duty free zones but by building and promoting technology free zones. In Ningxia our delegation visited iBi Tech park. It is a business tech park which houses investors in the field of computer technologies, bio-technologies, robotics, finance etc. The business environment is very good in that park and I saw a lot of big corporations have offices there. This business- tech park is a good example how to open the poor provinces to the world. Another good example is the Senmiao Winery which is also established in Ningxia. It is occupying an area of 9900 square meters. It exhibits and sell over 100 kinds of products from 25 chateaus at the Eastern Piedmont of the Helan Mountains and 300 kinds of foreign wines from over 20 countries, such as France, Germany and Italy. This winery aims to become a world exporter and by doing this it also boosts domestic consumption.
Currently in China the wind of change is blowing. Everywhere can be seen the emergence of domestic exchange of capitals, human resources and technology. China is building a balance between the rich and the poor provinces. Even the the major population of Chinese people are business orientated. I have witnessed that despite their regular jobs the people choose to make business in their free time. Some of them that are skilled mechanics choose to repair things, other which are art orientated-paint, other people tend to their farms. During the weekend they all go to the market and sell their product. That differs them from the other nations I know. Chinese people are hard-working and business orientated at the same time.
During my visit I get to know that Chinese people have a lot of respect to the Europe. They are interested in cooperating with the European Union, everywhere our delegation went they showed us great respect and we learned from each other. Despite our cultural differences Chinese and European are very close and can easily form connection. EU- China international relations are in development because both the EU and China are developing dynamically towards convergence. A convergence towards cultural, economical and technical cohesion.