Shanghai: By 2025, a full-coverage industrial chain will be formed from rockets, satellites, ground stations to terminals.

Cctv news: Shanghai issued the Shanghai Action Plan for Promoting Commercial Space Development and Building a Highland of Space Information Industry (2023-2025). The plan proposes that by 2025, a full coverage industrial chain will be formed from rockets, satellites, ground stations to terminals. Develop a new generation of medium and large launch vehicles, low-cost and highly integrated satellites and intelligent application terminals. It will form a batch manufacturing capacity with an annual output of 50 commercial rockets and 600 commercial satellites, and provide a chain service mode of satellite development, launch, on-orbit delivery and management with the goal of building "Shanghai Star" and "Shanghai Arrow". Promote the formation of independent construction capabilities such as ground stations, survey and operation control centers and application terminals. Construct multi-structure industrial funds and improve relevant industrial support policies. Newly introduce and cultivate 10 key commercial aerospace enterprises, cultivate 5 hard-core enterprises with listing conditions in science and technology innovation board, support a number of private enterprises with advantages of "specialization and novelty", and realize the scale of space information industry exceeding 200 billion yuan.

General Office of Shanghai Municipal People’s Government on Printing and Distributing Shanghai Action Plan for Promoting Commercial Space Development and Building a Highland of Space Information Industry (2023— Notice of 2025)

No.19 [2023] of Shanghai Government Office

District People’s governments, municipal government commissions, offices and bureaus:

With the consent of the municipal government, the Shanghai Action Plan for Promoting Commercial Space Development and Building a Highland of Space Information Industry (2023— 2025) is issued to you, please follow it carefully.

the general office of shanghai municipal people’s government

October 24, 2023

Shanghai Action Plan for Promoting Commercial Space Development and Building a Highland of Spatial Information Industry (2023-2025)

In order to thoroughly implement the national strategy of becoming a space power and digital China, seize the important opportunity of commercial space development, accelerate the construction of future-oriented commercial space development pattern in this city, and strive to achieve high-quality development of space information industry, this action plan is formulated.

I. Main objectives

By 2025, guided by the leap-forward development of commercial aerospace, we will strengthen the integrated development of satellite communication, navigation and remote sensing around satellite manufacturing, launch, ground system equipment, space information application and service, and promote the integration of space and space information networks. Explore the new mode of integrating satellite and arrow, build a new pattern driven by technology, build a new highland for digital intelligence manufacturing, open up new scenarios for application demonstration, lead the integrated development of spatial information in the Yangtze River Delta region, and provide strong support for the construction of a space power.

??— — Form a full coverage industrial chain from rockets, satellites, ground stations to terminals. Develop a new generation of medium and large launch vehicles, low-cost and highly integrated satellites and intelligent application terminals. It will form a batch manufacturing capacity with an annual output of 50 commercial rockets and 600 commercial satellites, and provide a chain service mode of satellite development, launch, on-orbit delivery and management with the goal of building "Shanghai Star" and "Shanghai Arrow". Promote the formation of independent construction capabilities such as ground stations, survey and operation control centers and application terminals.

— — Strengthen the support of multi-level scientific research forces from technical research, platform construction to talent introduction. Key technologies such as liquid oxygen methane power, vertical take-off and landing of repeatable rockets, offshore platform launch and satellite elastic network communication will be tackled. In the field of spatial information, more than five innovative platforms, such as national and municipal key laboratories, industrial technology research institutes, applied technology centers and data sharing centers, have been added to strengthen the development of "attracting and retaining" professionals and entrepreneurial teams in Shanghai.

??— — It covers multi-domain comprehensive demonstration applications from governance, economy and life, related key industries to typical scenarios. Create a number of typical application scenarios in three major areas. Focus on the large-scale application of space technology and data services in key industries such as cities, transportation, meteorology, ocean, environment, safety, emergency, energy, finance, etc., expand life and consumer applications, and form 30 typical application scenario solutions.

??— — Construct a spatial layout from the core subject and two wings to multi-point and multi-dimensional. Around Minhang Shanghai Aerospace City, Pudong Satellite Internet Research Base, Lingang Satellite Manufacturing Cluster, Qingpu Beidou Spatial Information Application Demonstration Zone, Songjiang Satellite Industry Base, etc., a "core subject+east and west wings" commercial space layout will be formed. Based on the advantageous industries and key enterprise clusters in each district and park, eight characteristic parks with collaborative innovation of spatial information industry will be built.

— — Improve the industrial ecology from special funds, industrial funds to supporting policies. Construct multi-structure industrial funds and improve relevant industrial support policies. Newly introduce and cultivate 10 key commercial aerospace enterprises, cultivate 5 hard-core enterprises with listing conditions in science and technology innovation board, support a number of private enterprises with advantages of "specialization and novelty", and realize the scale of space information industry exceeding 200 billion yuan.

Second, the key tasks

(A) to strengthen the basic capacity building.

1. Improve the integration capability of rocket development and launch. Develop commercial launch vehicles with high cost performance, maturity, stability and brand effect, and promote the construction of commercial rocket manufacturing and final assembly test bases. Promote the development of a new generation of medium and large launch vehicles with a diameter of 3.8 meters and the first flight. Promote the integration of research and development, manufacturing, assembly and testing, and improve the level of high-density launch support for satellite constellations. Deepen the demonstration of offshore launch platforms and promote the demonstration construction of commercial launch sites.

2. Improve the capacity of commercial satellites for mass intelligence. We will build a leading domestic intelligent, standardized and mass-produced satellite base, and build a low-cost pulsating satellite mass production line to provide support for the next phase of satellite system construction such as Internet and remote sensing detection. Combined with technologies such as Internet of Things, big data and digital twinning, we can realize intelligent manufacturing capabilities such as multi-satellite parallel testing and automatic state monitoring of the whole satellite.

3. Improve the autonomy of ground stations and terminal systems. Accelerate the formation of satellite ground receiving stations, gateway stations, task management and control systems, integrated data processing systems and other supporting infrastructure construction capabilities. Strengthen the supply chain construction of terminal systems such as chips, modules, antennas, terminals and intelligent sensors. Promote the research and development of intelligent terminals such as satellite communication, satellite broadband, and direct connection of mobile phones, and form a development model of "scene interoperability and terminal interconnection".

4. Improve the design, construction and operation capabilities of commercial constellations. Actively strive for the key tasks of satellite Internet and integrated space-time (PNT) system construction, and vigorously support the constellation networking construction of Qian Fan Satellite Constellation, Smart Skynet and Very High Frequency Data Exchange System (VDES). Carry out the construction of satellite measurement, transportation and control platform, and provide measurement, transportation and control management services for various satellite systems with multi-band and different orbits in the launch section and on-orbit operation.

(2) Collaborative efforts to tackle key problems in core technologies.

5. Key technology research of space transportation system. Break through technical bottlenecks such as liquid oxygen and methane power, simple maintenance and reuse, and soft landing flight control. We will carry out technical research such as remote intelligent measurement and launch, space derailment and terminal application, and on-orbit fault handling to promote technological innovation of space transportation systems. Focusing on the low-cost cargo transportation system of space station, manned lunar rover, economical transportation system of the earth and the moon, we will carry out technical research and system development.

6. Key technologies for satellite platforms and loads. The key technologies such as communication sensing fusion waveform design, multi-domain fusion sensing and transmission between heaven and earth, joint allocation and scheduling of communication computing resources, and sensing access of heterogeneous terminal nodes are studied. Breakthrough the technologies of high satellite integration, space-based autonomous intelligence, lightweight new materials and lightweight satellite platforms, and develop new phased array antennas, large-capacity routers, inter-satellite lasers and other key payloads.

7. Key technology research of terminal product industrialization. Carry out research and development of key technologies such as RF baseband chips, antennas, special algorithms and operating system customization, and form cost-effective terminal manufacturing capabilities. Aiming at the new scene of ground and satellite unified communication, the key technologies such as intelligent scene identification, high reliability and seamless handover based on service insensitivity are studied, and the terminal chips and modules with low cost and low power consumption are developed to meet the performance requirements of 6G space-sky integrated system.

8. Key technologies of constellation network architecture and dynamic access. Break through the technical problems such as flexible networking in large-scale constellation world, rapid convergence of routing, and traffic arrangement. Research on the key technologies of 6G satellite-ground fusion satellite system will be carried out, and breakthroughs will be made in constellation configuration optimization design of satellite-ground hybrid networking, overall architecture design of communication network system, integrated base station based on satellite relay and its mobile networking technology.

(3) Promote scale and innovative demonstration applications.

9. Implement digital transformation demonstration applications. Promote spatial information to fully empower the digital transformation of economy, life and governance, and support the future-oriented urban digital base construction. Based on positioning navigation and remote sensing observation, the three-dimensional coverage of the ground, underground, air and water areas is realized, and the real-time mirror image and accurate mapping of digital cities and physical cities are guaranteed. Based on the urban space-time map, all kinds of intelligent terminals are connected to support the accurate interaction between physical cities and digital cities. On the basis of satellite internet and ground mobile network, accelerate the construction of digital city information network integrating heaven and earth.

10. Promote the scale application of key industries. Provide ubiquitous and accurate spatio-temporal information services, and promote Beidou scale application in key industries such as communication, finance, energy, radio and television, transportation, natural resources, ecological environment, urban construction management, water conservancy, agriculture and meteorology. Taking aviation internet, maritime shipping, intelligent meteorology and polar scientific research as pilots, we will promote the demonstration application of satellite internet and carry out application promotion in industries with satellite communication needs such as emergency relief, energy and transportation. Promote the application of satellite remote sensing technology in the fields of natural resources, agriculture and rural areas, meteorology and marine monitoring, water conservancy and water affairs, project management, finance and insurance, and explore the deep integration of artificial intelligence model and remote sensing data application.

11. Develop mass consumption application scenarios. Accelerate the formation of satellite data service products and solutions with consumer demand as the traction. Improve application efficiency and user experience in the fields of mobile communication, wearable devices, vehicle-road collaboration, consumer-grade drones, urban shared travel, and health care for the elderly. In the fields of health service, aged care service, care and protection for minors, care for the disabled, emerging consumption, convenience service and medical education, the innovative application of spatial information service will be realized.

12. Promote the direct connection of mobile phones to satellite networks. We will continue to promote technical experiments such as mobile phone direct connection, speed up the deployment of satellite Internet landing operation services, and break through the bottleneck of mobile phone direct connection satellites in frequency resources, link budget, data rate and service experience. Promote the integrated development of "Shangxing" mobile phone and directly connected intelligent terminal, accelerate the transformation of technological achievements, explore commercial service mode, lower the threshold of accessing satellite Internet, and gradually increase the scale of users.

(D) continue to create a high-quality industrial ecology

13. Optimize the spatial layout of "one body and two wings". Focusing on Minhang Shanghai Aerospace City, we will build a "core subject" of commercial aerospace with remarkable lighthouse radiation effect; Build an "East Wing" satellite research and production cluster around the satellite Internet Research Institute and the Lingang Microsatellite Development Base located in Pudong; Around Qingpu Yangtze River Delta Digital Trunk Line, Beidou Spatial Information Application Demonstration Zone, Songjiang G60 Science and Technology Corridor and Satellite Industry Base, we will build a "West Wing" industrial brand park. Combining the advantages of Jiading Space Science, Baoshan Satellite Big Data, Yangpu Beidou High Precision, Hongkou 5G+ Satellite Internet and other districts, we will create a characteristic industrial collaborative innovation park adapted to local conditions.

14. Promote the construction of industry standard system. Explore the opening of the signal system of constellation system, carry out research on network architecture, network interface, information security, equipment and device application and testing certification standards, and accelerate the improvement of the universality and supply capacity of standardized products. Strengthen the integration of resources such as satellite-based and ground-based augmentation systems, and support the construction of public service platforms such as application research and development, testing, certification and licensing. Formulate relevant quality certification standards and norms, and carry out key product quality research, evaluation and quality improvement activities.

15. Create a commercial aerospace innovation model. Give full play to the role of central enterprises as the main force and create a "chain owner" enterprise and a "head geese effect". Promote the development of the private economy, consolidate and enhance the R&D and manufacturing capabilities of superior private enterprises, and support the cultivation of "specialized and innovative" small and medium-sized enterprises. Promote the linkage between technological innovation and institutional innovation, and set up a new platform for commercial aerospace and commercial rockets. Relying on spatial information industry associations, innovation and entrepreneurship centers, incubation platforms, etc., we will cultivate business entities and build cooperation channels.

16. Promote collaborative sharing of satellite data. Give full play to the functions of the existing satellite data resource platform, promote the construction of storage and computing resources, and explore the establishment of a normalized data sharing mechanism. Improve the public service capabilities of satellite data storage, processing, distribution and application, promote the establishment of satellite big data centers, and explore the establishment of an integrated platform for satellite data trading, data sharing, data analysis and application.

Third, safeguard measures

(A) to strengthen overall coordination

Relying on the existing work promotion mechanism, we will strengthen the top-level design, coordinate resources from all sides, and coordinate coordinated development. The Office of the Leading Group for Industrial Collaborative Innovation in Shanghai will strengthen cooperation with relevant municipal departments and district governments to form a joint force, coordinate and promote key tasks, coordinate and solve bottlenecks, and promote the implementation of major projects.

(2) Strengthen comprehensive security.

Guide more resources to gather in the commercial aerospace field. Strengthen the linkage of municipal and district policies and incorporate commercial aerospace into the overall industrial layout. The study provides industrial land guarantee in the aspects of satellite batch, rocket assembly test and terminal manufacturing. Give full play to the role of financial funds at the municipal and district levels, and increase the inclination to satellite networking construction, measurement and control services, launch insurance and other aspects.

(3) Strengthen linkage innovation

Support industry authorities, central enterprises in Shanghai and local state-owned enterprises to promote more new carriers of spatial information and new projects, and open more application scenarios. Give full play to the decisive role of the market in resource allocation and guide diversified subjects to participate in the construction and operation of spatial information. Focusing on the integrated development strategy of the Yangtze River Delta, we will build an industrial ecosystem in the Yangtze River Delta in terms of industrial chain supply chain and satellite data application.

(D) Strengthen the construction of talents

Strengthen the construction of leading talents, high-level innovative and entrepreneurial talents and high-skilled talents in the aerospace field, attract high-end talents and entrepreneurial teams at home and abroad to develop in Shanghai, and give priority support in the recognition and reward of relevant talents. Encourage institutions of higher learning and research institutes to speed up the construction of disciplines and specialties in the aerospace field. Set up the city’s spatial information industry expert committee to build the talent "yan zhen" pattern.

(5) Strengthening international cooperation.

Based on the portal function of Shanghai’s open hub, combined with the "One Belt, One Road" initiative, we will carry out international cooperation in operational services, technical research, application demonstration and personnel training to create an international window for commercial aerospace. Promote the overseas large-scale application of spatial information services around transportation, precision agriculture, marine fisheries, asset management, smart construction sites and other industries.

Correctly understand the general trend of China’s economic development (rational view of economic situation)

  Core reading

  China’s economy has great development resilience and potential, and the long-term positive fundamentals have not changed. We should correctly understand the general trend of China’s economic development, accurately grasp the strategic opportunities facing China’s economic development, and promote the effective improvement of quality and reasonable growth of the economy.

  Since the beginning of this year, under the complicated and severe external environment, China’s national economy has continued to recover, the overall recovery has improved, and high-quality development has been solidly promoted. Although the current economic operation is facing new difficulties and challenges, China’s economy has great development resilience and potential, and its long-term positive fundamentals have not changed. General Secretary of the Supreme Leader pointed out: "China’s development is still in an important period of strategic opportunities, but there are new developments and changes in opportunities and challenges." Report to the 20th CPC National Congress of the Communist Party of China made a major judgment that "China’s development faces new strategic opportunities", and at the same time emphasized that "China’s development has entered a period in which strategic opportunities and risk challenges coexist and uncertainties and unpredictable factors increase". Whether we can grasp new strategic opportunities, effectively deal with complicated risk challenges and firmly grasp the initiative of development depends fundamentally on whether we can concentrate on our own affairs. We should correctly understand the general trend of China’s economic development, firmly grasp the primary task of high-quality development, implement the new development concept completely, accurately and comprehensively, and promote the effective improvement of quality and reasonable growth of quantity of the economy.

  China’s overall economic recovery is improving, and high-quality development has been solidly promoted.

  Since the beginning of this year, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, all localities and departments have better coordinated the two overall domestic and international situations, better coordinated the prevention and control of epidemic situation and economic and social development, better coordinated development and safety, achieved a good start in the first quarter, continued to recover in the second quarter, and continued to recover steadily in July. In the first half of the year, the GDP increased by 5.5% year-on-year, which was significantly faster than the economic growth rate of 3% in the whole year of last year, and was also significantly faster than the economic growth rate of major developed economies in the world.

  Consumption recovered and the investment structure continued to be optimized. Since the beginning of this year, the economy and society have fully resumed normal operation, and the order of production and life has been accelerated. China’s consumption has recovered. 1— In July, the total retail sales of social consumer goods increased by 7.3% year-on-year, service consumption increased rapidly, cultural and entertainment consumption continued to expand, and online retail remained active. The scale of investment in fixed assets continued to expand, and investment in high-tech industries grew rapidly. 1— In July, investment in fixed assets (excluding farmers) increased by 3.4% year-on-year, of which investment in infrastructure and manufacturing increased by 6.8% and 5.7% respectively, and investment in high-tech industries increased by 11.5%.

  Industrial upgrading was steadily advanced, and the recovery of service industry was accelerated. Since the beginning of this year, the three industries have continued to recover and the development foundation has been consolidated. Agricultural production remained stable, and summer grain production achieved a bumper harvest. Industrial production continued to recover, 1-mdash; In July, the added value of industrial enterprises above designated size increased by 3.8% year-on-year. The green transformation achieved remarkable results, new energy-related industries developed well, new energy vehicles, photovoltaic cells and other products grew rapidly, and the driving force for upstream and downstream industries was also enhanced. The service industry grew rapidly, 1-mdash; In July, the national service industry production index increased by 8.3% year-on-year, and the growth rate of contact and aggregation services such as accommodation, catering and transportation rebounded significantly.

  The trade structure continued to be optimized. China has actively expanded its high-level opening to the outside world and promoted the optimization of trade structure. The scale of import and export of goods is generally stable and the trade surplus remains at a high level. 1— In July, the import and export of general trade with higher added value accounted for 65.4% of the total import and export, and the import and export of private enterprises increased by 6.7%, accounting for 52.9% of the total import and export; Imports and exports to countries along the Belt and Road increased by 7.4% year-on-year, faster than the growth rate of all imports and exports.

  Employment and people’s livelihood are strongly guaranteed. With the improvement of economic recovery, the policy of stabilizing employment has been effective continuously, and the employment situation has gradually improved. In the first half of the year, 6.78 million new jobs were created in cities and towns nationwide, an increase of 240,000 over the same period of last year. The average unemployment rate in national urban surveys is 5.3%. Residents’ income grew rapidly. In the first half of the year, the per capita disposable income of the national residents was 19,672 yuan, a real increase of 5.8% after deducting the price factor, which was significantly faster than the growth rate of last year.

  Under the complicated and severe external environment, such as the weak recovery of the world economy, the high level of global inflation, and the prominent spillover effect of monetary policy tightening in major economies, China’s economic growth rate remains ahead of the major economies, demonstrating the strong resilience of China’s economic development. At the same time, we must see that the current economic operation is facing new difficulties and challenges, mainly due to insufficient domestic demand, difficulties in some enterprises, many hidden risks in key areas, and complex and severe external environment. Among them, there are both cyclical and structural factors, both developmental and institutional obstacles, both supply-side and demand-side drivers, both domestic and international risks. However, in the long run and the general trend, China’s economy has great development resilience and potential, and the long-term positive fundamentals have not changed, and China’s development is facing new strategic opportunities.

  China’s continuous development and growth has brought new development opportunities.

  General Secretary of the Supreme Leader pointed out: "Our greatest opportunity is our continuous development and growth". After the founding of New China, especially since the reform and opening-up, we have completed the industrialization process that developed countries have gone through for hundreds of years in decades, and at the same time made great achievements in various fields such as politics, culture, society and ecological civilization. Self-development is the most solid foundation for us to cope with risk challenges, and it also brings us more development opportunities.

  China’s entry into a new stage of development contains an important opportunity to achieve new and greater development. Since the 18th National Congress of the Communist Party of China, historic achievements and changes have taken place in the cause of the Party and the state, which not only successfully promoted and expanded Chinese modernization, but also provided a more perfect institutional guarantee, a more solid material foundation and a more active spiritual force for Chinese modernization. We have completed the historical task of getting rid of poverty and building a well-off society in an all-round way, and entered a new development stage of building a socialist modern country in an all-round way. Based on the new development stage, implementing the new development concept, building a new development pattern and promoting high-quality development, China will achieve new and greater development.

  The historic leap of China’s economic strength contains an important opportunity for structural optimization and upgrading. Since the reform and opening up, China’s gross domestic product (GDP) has grown at an average annual rate of about 9%; In the past decade, the average annual growth rate has exceeded 6%, and the economic strength has achieved a historic leap. In 2022, China’s GDP accounted for about 18% of the global economy, ranking second in the world. On the basis of continuing to maintain the advantages of complete industrial system, leading industrial chain supporting capacity in the world, and ranking first in manufacturing scale in the world, China has promoted the transformation and upgrading of traditional industries, promoted the rapid development of strategic emerging industries and advanced manufacturing industries, promoted the healthy development of digital economy, significantly improved its scientific and technological innovation capability, and continuously optimized its economic structure. Making full use of the advantages of China’s super-large-scale market, expanding domestic demand as a whole and deepening structural reform on the supply side, and forming a higher level dynamic balance between demand pulling supply and supply creating demand will continuously promote the optimization and upgrading of China’s economic structure and enhance our endogenous motivation to stabilize the basic economic disk and win the initiative in development.

  Socialism with Chinese characteristics’s system is more mature and stereotyped, which provides us with an important opportunity to deal with uncertainty and turn crisis into opportunity. China’s socialist system has extraordinary organizational mobilization ability, overall coordination ability and implementation ability, and can concentrate on doing great things, difficult things and urgent things. Since the 18th National Congress of the Communist Party of China, our party has adhered to and improved the Socialism with Chinese characteristics system, promoted the modernization of the national governance system and governance capacity, and focused on the deployment of fundamental systems, basic systems and important systems that support the Socialism with Chinese characteristics system. With great political courage, we have comprehensively deepened reform, strengthened the reform of top-level design, resolutely eliminated the shortcomings of various institutional mechanisms, promoted the basic institutional framework in various fields, and achieved historic changes, systematic reshaping and overall reconstruction in many fields. At present, the century-old changes are accelerating, the changes of the world, the times and the history are unfolding in an unprecedented way, and the unstable and uncertain factors are increasing significantly. By giving full play to the advantages of Socialism with Chinese characteristics’s system, we can effectively cope with the uncertainty of the external environment, guard against and resist risks, and seize the opportunity to fight a strategic initiative war to turn danger into opportunity.

  Firmly grasp the new strategic opportunities contained in the hundred-year change

  General Secretary of the Supreme Leader pointed out: "Entering the new stage of development, profound changes in the domestic and international environment have brought a series of new opportunities as well as a series of new challenges, which are the coexistence of crises, the organic nature of crises and the turning point of crises." At present, the great changes in the world that have never happened in a century have accelerated their evolution, a new round of scientific and technological revolution and industrial transformation have developed in depth, and the international forces have been deeply adjusted, which has brought new risks and challenges as well as new strategic opportunities for China’s development.

  The world’s scientific and technological revolution and industrial transformation have provided us with new opportunities to open up new fields and new tracks for economic development and to shape new development momentum and new advantages. At present, a new round of scientific and technological revolution characterized by intelligence, networking and digitalization is profoundly changing the production and lifestyle of human beings, and technological breakthroughs represented by new energy, new materials and biotechnology are reconstructing the future of social productive forces. In this round of scientific and technological revolution, China is no longer an outsider, but a participant, a runner and even a leader in some fields. We adhere to the strategy of innovation-driven development and give full play to the leading role of scientific and technological innovation. Firmly grasping the historical opportunity of this round of scientific and technological revolution and industrial transformation, we will certainly be able to open up new fields and tracks for economic development and shape new kinetic energy and advantages for development.

  Economic globalization provides us with new opportunities to promote high-level opening up. In recent years, although the trend of anti-globalization has risen, unilateralism and protectionism have obviously increased, economic globalization conforms to the general trend of world development and is an irreversible trend of the times. China has adopted a more proactive opening-up strategy, actively participated in the international division of labor, more effectively integrated into the global industrial chain, supply chain and value chain, and more actively expanded foreign exchanges and cooperation. The average contribution rate of China’s economy to world economic growth has exceeded 30% for many years, and China has maintained its position as the world’s largest trader of goods for many years, ranking second in the world in terms of foreign capital utilization and ranking first in the world in terms of foreign investment. It has contributed to global economic growth and created more strategic opportunities for its own development. Conforming to the general trend, based on the national conditions, correctly choosing the path and rhythm of integration into economic globalization, and making full use of domestic and international markets and resources can accelerate the construction of a new development pattern and promote high-quality development.

  The positive changes in the balance of international power provide us with new opportunities to strengthen cooperation with emerging market countries and developing countries. In recent years, the international power balance is undergoing unprecedented positive changes. The rise of emerging market countries and developing countries in groups has gradually improved their position in the world economy and played a role in the international industrial division of labor, which has driven the speed, breadth and depth of international pattern adjustment and is fundamentally changing the world political and economic map. As the largest developing country in the world, strengthening cooperation with emerging market countries and developing countries can not only complement each other’s advantages and promote the developing countries to enhance their endogenous development momentum, but also expand the external space for China’s economic development and create new strategic opportunities.

  The reform of global governance system provides us with new opportunities to play a greater role in global governance. In the past few decades, the international economic power has undergone a profound evolution, but the global governance system has failed to reflect the new pattern, which is not representative and inclusive enough. The international community is increasingly calling for the reform of the global governance system. Together with other countries, China has promoted the development of the international order and global governance system in a more just and rational direction, promoted the development of economic globalization in a more open, inclusive, inclusive, balanced and win-win direction, and promoted the building of a community of human destiny, which not only creates a good international environment for the development of the world economy, but also brings new strategic opportunities for China’s development.

  Economic fluctuation is a normal phenomenon in the market economy, and the economy always runs in fluctuation. We should not only see the short-term fluctuations, but also take effective measures to continuously promote the sustained improvement of economic operation. More importantly, we should correctly understand the long-term positive development trend of China’s economy, fully understand and make good use of new strategic opportunities, accelerate the construction of a new development pattern, continuously expand China’s economic strength, scientific and technological strength and comprehensive national strength, and enhance China’s viability, competitiveness, development and sustainability.

  (The author is the former president of China Renmin University)