China Unlimited and the Chinese dream

China Unlimited Beijing

© The European Sting

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.

Dimitar Papukchiev_

Mr Dimitar Papukchiev, winner of the China Unlimited competition

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.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Brexit: when the hubris of one man can set the UK, the EU and the entire world on fire

Happens now in Brussels: Green Week sets the EU and global climate policy agenda

Why Eurozone can afford spending for growth

Irish Presidency: Not a euro more for EU budgets

Bundesbank’s President Weidmann criticises France and the EU. Credibility at risk?

COP21 Breaking News_07 December: “The world is expecting more from you than half-measures”, UN Secretary General Bank Ki-moon cries out from Paris

Brussels wins game and match in Ukraine no matter the electoral results

Tackling youth unemployment through the eyes of a European entrepreneur

Eurozone plans return to growth

Can the next financial crisis be avoided?

Cédric in India

Draghi keeps the euro cheap, helps debt refinancing, recapitalization of banks and growth

EU: 13 major banks may pay fines 10% of worldwide turnover

Scotland and First Minister Salmond enter the most challenging battlefield for independence: Europe

Sanctions on Russia to be the biggest unity test at this European Council

EU to gain the most from the agreement with Iran

The EU Commission is lying to the “Right2Water” campaign

Campaign kicks off with High-level Event on #FairInternships

Cloud computing under scrutiny in the EU?

Ukraine: turning challenges into opportunities


Look Mom, even the House of Lords says the #righttobeforgotten is not right

A very good morning in European markets

Eurozone closer to a deflation – stagnation trap

A Sting Exclusive: EU Commissioner Mimica looks at how the private sector can better deliver for international development

Recession: the best argument for growth

Me and China

JADE visits Lithuanian Junior Initiatives

Migration crisis update: lack of solidarity not only among EU leaders but also EU officials

France pushes UK to stay and Germany to pay

Germany to help China in trade disputes with Brussels

The creative technology and its advancements

The Eurogroup offered a cold reception to IMF’s director for Europe

Apparently the EU Digital Single Market passes necessarily from China’s Digital Silk Road

Do you dare to go to China?

Tsipras doesn’t seem to have learned his “almost Grexit” lesson and Greece faces again financial and political dead end

EU to spend €135.5 billion in 2014 or 6.5% less than this year

Will the end of QE come along with ECB’s inflation target?

“Who do I call if I want to call Europe?” Finally a name and a number to answer Henry Kissinger’s question

Berlin repels proposal for cheaper euro

EU citizens disenchanted with Economic and Monetary Union over rising poverty and high unemployment

Dutch voters reject EU-Ukraine partnership and open a new pandora’s box for the EU

On Youth Education: “Just a normal day in the life of a medical student”

Fighting for minds of youth in Latvia

European banking stress tests 2014: A more adverse approach for a shorter banking sector

Intel @ MWC14: Our Love Story with Mobile – Transforming Wireless Networks

WEF Davos 2016 LIVE: “There is a communication issue (about China) which markets don’t like” Christine Lagarde, Managing Director of IMF stresses from Davos

Back to the basics for the EU: Investment equals Growth

Global Citizen-Volunteer Internships

The completion of the European Banking Union attracts billions of new capital for Eurozone banks

Regional policies slowed down by EU bureaucracy

Warmongers ready to chew what is left of social protection spending

Commission threatens Chinese firms with trade penalties

Is there a drug for every disease?

EU agrees on Ukraine – Georgia visa-free travel amid veto risks and populist fears

Eurozone: Even good statistics mean deeper recession

Facebook and Google to treat Europe as the 51st State of the USA

JADE Spring Meeting 2015: a step forward for Youth Entrepreneurship

Draghi left alone with no hope of boosting EU growth as Merkel just focuses on next elections

Turkey to let EU alone struggle with the migrant crisis while enhancing its economic ties with Russia instead?

Hollande protects the euro from the attacks of extremists

More Stings?

Comments

  1. Heya i’m for the very first time here. I came across this board and I locate It genuinely beneficial & it helped me out significantly. I hope to give something back and aid other people like you helped me.

  2. Personally, I’ve identified that to get just about the most fascinating topics if this draws a parallel to.

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s