On March 3, 2025, Chinese Ambassador to Canada Wang Di published a byline article titled "China's Steady Economic Development is Beneficial to the World Economy" on the Hill Times. The full article is below:

As the global economic outlook remains complicated, China’s economic development is drawing much attention worldwide. This is because China's economy has all along been an important engine driving the global economy for the past decades, and will remain so for the years to come. Here I would like to share with you my perspectives on the current situation of China's economy and its future outlook：

First, China’s economy progresses steadily with continuous recovery. Based on the four major macroeconomic indicators—growth, employment, inflation and international balance of payments— last year China’s economy witnessed steady progress amidst stability with major development targets achieved successfully. In 2024, China's GDP exceeded 130 trillion yuan for the first time, a year-on-year increase of 5%. The economic growth rate ranks among the top in the world's major economies, and is an important source of power for world economic growth. The value added of industrial enterprises above the designated size increased by 5.8 percent year on year, and the total retail sales of consumer goods rose by 3.5 percent. The investment in high-technology industries went up by 8 percent. The surveyed urban unemployment rate was 5.1 percent. China's economy continues to maintain the trend of stable high-quality development, improving structure and rising quality while also ensuring reasonable output growth.

Second, China’s stimulus policies have effectively boosted market confidence. On September 26, 2024, General Secretary Xi Jinping chaired a meeting of the Political Bureau of the CPC Central Committee, emphasizing the need to effectively implement existing policies and step up efforts to roll out incremental policies. The raft of incremental policies covered multiple areas including fiscal policy, finance, consumption, investment, real estate, stock markets, employment, and public welfare, which made market entities more dynamic, boosted investment and consumption, and played a decisive role in the economic recovery in the fourth quarter and the smooth realization of the annual target. The Central Economic Work Conference clearly pointed out that in 2025 China will adopt a more proactive fiscal policy and a moderately looser monetary policy, and continue to expand high-level opening up to the outside world, which will provide strong support for promoting the continued recovery of the economy and continuously improving people's living standards. During 2025 Spring Festival holiday, China’s movie box office revenue exceeded 9.5 billion yuan; cross-regional passenger trips exceeded 2.3 billion; sales of key retail and catering companies increased by 5.4% year-on-year. The Chinese consumer market once again set a record with impressive data. Institutions such as the International Monetary Fund and the World Bank also have raised China’s GDP growth forecasts in 2025, and the international community is generally confident in China's economic prospects.

Third, China’s sound economic development is beneficial to the world economy. Currently the global economy is experiencing shaky recovery. The latest report from the International Monetary Fund indicates that the current global economic growth rate is below the average level experienced during the first two decades of this century. In the face of rising unilateralism and protectionism, China has remained firmly committed to win-win cooperation, actively built international cooperation platforms such as the China International Import Expo (CIIE), the China Import and Export Fair (or the Canton Fair), the China International Fair for Trade in Service, and the China International Consumer Products Expo. China has lifted all restrictions on foreign investment in manufacturing, showcasing its firm determination to pursue high-level opening up and common development with other countries. In 2024, China's total import and export of goods exceeded 43 trillion yuan, a year-on-year increase of 5%, setting a new historical high and continuing to be a major driver of global trade growth. Canadian companies and products are becoming increasingly popular in the Chinese market. In 2024, nearly 100 Canadian companies participated in the 7th CIIE, hitting a record high; in the same year, the total import and export of goods between China and Canada reached 669.1 billion yuan, a year-on-year increase of 6.1%, of which China's imports from Canada reached 335.3 billion yuan, a year-on-year increase of 7.7%. These facts once again show that China-Canada economic and trade relations are mutually beneficial, and the Chinese market is an opportunity for Canadian companies.

China and Canada share broad common interests across multiple areas, including economy and trade, climate change response, and maintaining international trade rules. China's development will bring abundant and high-quality opportunities for all countries including Canada. An ancient Chinese sage said, "For a righteous cause, I shall press forward, undaunted by thousands standing in my way." This year marks the 55th anniversary of diplomatic relations between China and Canada, as well as the 20th anniversary of the bilateral strategic partnership. China is willing to deepen pragmatic cooperation with Canada on the basis of correct perception, mutual respect, seeking common ground while shelving differences, and win-win cooperation, so as to bring more certainty and positive energy to today's world fraught with turbulence and uncertainty.