China's development prospects are bright, and the future of Sino-Norwegian cooperation is promising
--Ambassador Yi Xianliang attended the annual forum of the Norwegian China Chamber of Commerce and delivered a keynote speech
2021-03-26 21:36

On March 24, Ambassador Yi Xianliang was invited to attend the annual forum of the Norwegian Chinese Chamber of Commerce(NCCC) and delivered a keynote speech on "China's strategy in the next five years-Collaboration between China and Norway ". More than 100 members of NCCC participated in the forum.

Ambassador Yi first gave a brief review of China's economic performance last year. He said,in 2020,China's economy improved season by season and gradually returned to normal.GDP reached a new level of 100 trillion yuan.Grain output remained over 650 million tons for 6 consecutive years. The residents' income grew at the same pace as the economy.Right before the end of 2020, the final 98.99 million impoverished rural residents living under the current poverty line were lifted out of poverty. All the 832 impoverished counties and 128,000 impoverished villages have been removed from the poverty list.A total of 11.86 million urban jobs were added, and the year-end surveyed urban unemployment rate dropped to 5.2%.CPI posted a 2.5 percent growth.Major breakthroughs were made in the opening up.The total import and export value of China's trade in goods was 32.16 trillion yuan, with a year-on-year increase of 1.9%. China's inbound foreign direct investment has grown against the trend, reaching 144.4 billion U.S. dollars, with a year-on-year increase of 4.5%. The main objectives and tasks of economic and social development were accomplished better than expected.China's economic development added impetus to world economic growth.

Secondly, Ambassador Yi gave a detailed introduction to China's the 14th Five-Year Plan for Economic and Social Development.He said, the period covered by the 14th Five-Year Plan will be the first five years inwhich we embark on a new journey to build China into a modern socialist country in all respects. China remains in an important period of strategic opportunity for development. China will stay true to the new development philosophy, improving the quality and effectiveness of development and maintaining sustained and healthy economic growth, pursuing innovation-driven development and accelerating modernization of the industrial system, creating a robust domestic market and fostering a new development pattern, and advancing rural revitalization across the board and improving the new urbanization strategy. China will continue improving regional economic structures and promoting coordinated regional development, advancing reform and opening up across the board and bolstering the momentum and vitality of development, promoting green development and ensuring harmony between humanity and nature, and improving people's wellbeing and striving for common prosperity.

Finally, Ambassador Yi analyzed the prospects and opportunities for future cooperation between China and Norway.He said,The economies of China and Norway are highly complementary. China is the world's largest consumer market and the world's second largest economy; Norway is highly dependent on foreign trade and has modern industries. Its per capita GDP ranks among the top in the world and is an important oil and seafood exporting country.According to data from the Statistics Norway, the total trade in goods between China and Norway in 2020 was 16.175 billion US dollars, an increase of 24.04% year-on-year. China accounted for 9.9% of Norway's total trade in goods and became Norway's fourth largest trading partner.The cooperation of marine economy,sustainable development, ice and snow sports, Belt and Road Initiative, infrastructure construction and energy field between the two sides has a solid foundation, huge potential and broad prospects. The implementation of China's 14th Five-Year Plan has brought new opportunities for Sino-Norwegian cooperation in the next five years.China and Norway jointly advocate multilateralism and promote an open world economy and free trade.The two countries should continue to deepen and expand pragmatic cooperation in various fields based on the principles of mutual respect, equal treatment, and mutual benefit, and jointly open up a better future for China-Norway relations.

NCCC chairman Lars Andersen and NCCC director Elise Chen thanked Ambassador Yi for his wonderful speech. They said that by listening to this speech, NCCC members have a better understanding of China's development plan for the next five years, and have more confidence in developing Sino-Norwegian cooperation.

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