Compared with Japan in 1990s, China's economic growth potential is substantially greater. So, with the right policies, China should not end up like Japan, renowned British economist Martin Wolf, associate editor, and chief economics commentator at the Financial Times, told the Global Times in Beijing.
He suggested that China should reduce the national savings rate and stimulate consumption. And a key lesson is not to "allow deflation to set in," otherwise monetary policy will become very ineffective. If this happens, policymakers will be forced to use fiscal policies massively, which is very expensive.
Wolf made the remarks in an interview with the Global Times on the sidelines of a seminar on Globalization and the Chinese Economy organized by the think tank Center for China and Globalization (CCG).
"Today is a moment in Chinese economic history that may be quite important for the next 10 or 20 years," he said.
"China is, relatively speaking, much further from high-income status than Japan was in 1990. So its growth potential is substantially greater. There is much less reason for the productivity slowdown that occurred in Japan. In that sense, with the right policies, China should not end up like Japan," Wolf told the Global Times.
He pointed out that the similarity between Japan and China in history is that they both have very high savings rates. The saving rate stood at about 40 percent of its GDP at its peak in Japan. This is great for a rapidly developing manufacturing country building a modern economy from scratch, as these savings can be converted into investments when it grows at 10 percent.
However, when Japan became a high-income country and caught up with most of Europe, its savings rate still accounted for 35 percent of GDP, but the investment rate declined and the account surplus exploded.
At that time, Japan did not make the wise decision to reduce the savings rate in a timely fashion, but instead decided to expand domestic investment, aggressively lower interest rates, and expand credit, leading to Japan experiencing the largest real estate boom in world history, reaching its peak in 1990. However, this economic bubble burst in the 1990s. When the economic bubble collapsed, the Japanese government did not implement effective artificial stimulus, nor did it change the macroeconomic structure in the early 1990s, leading to deflation.
"This is the lesson from Japan's experience," Wolf told the Global Times.
"Do not allow deflation to set in. It's very important not to let it because then you've got falling prices. If you've got expectations of falling prices, monetary policy becomes very ineffective. You then are forced to use fiscal policies massively, which is very expensive," he said.
The British economist believes that a key goal of China's macroeconomic policy is to transform the country into a full, all-around, and high-income nation. Despite facing more challenges at present, this goal is still achievable.
He argues that in order to achieve this goal, an important task is to improve underlying productivity, namely Total Factor Productivity (TFP). TFP is an indicator that measures the ratio of total output to all factor inputs.
In recent years, China's total factor productivity has not been growing rapidly, mainly due to the country's previous high investment rates. However, in recent years, the investment rate has been slowing down, mainly due to declining profits and instances of "overinvestment" in some regions in previous years.
Wolf told the Global Times that China can seek new large-scale domestic investment projects that are efficient and productive, absorbing resources and savings that cannot currently be effectively absorbed. "In my view, the most plausible large-scale investment that is already happening is various forms of renewable energy."
He noted that China can also increase investment in manufacturing. However, it is important to be aware that investing in manufacturing may lead to overcapacity. If this excess capacity is exported to Europe or the US, it will face fierce resistance. At the same time, other developing markets are not that big and have a limit.
In the field of investment, He said that two issues need to be emphasized. First, as most of China's infrastructure has already been built, real estate will no longer play a significant role in investment.
Second, it is important to produce good "valuable GDP," which means generating GDP that actually benefits the current or future welfare of the Chinese people, rather than creating things that will never be used in reality.
The creation of useless GDP should be avoided, he warned. For instance, if you build vast numbers of tower blocks which are not occupied, that is not productive GDP," he said.
Compared with investment, the more important thing is to drive up consumption, he stressed to the Global Times.
Currently, China's national savings rate is the highest in the history of the world for a country at this level of development and size, comparably.
"The national savings rate is too high to be productively absorbed in the economy at current levels of GDP. There is no plausible investment with one exception which can offset that. And the last one that did absorb a lot of these savings is this huge real estate building boom. But that's pretty clearly coming to an end," he told the Global Times.
Therefore, there is an urgency to boost consumption. "Consumption has to rise and the drivers [for economic growth] will be consumption because that's what they've been for every country that got to the sort of level of GDP that China has now. The question is only how it's done."
According to him, the consumption could be public consumption or private consumption. Public consumption, it means taxation, while for the private consumption, it means some combination of lower household savings and redistribution of income.
"This is going to be fantastically difficult," he said, adding that driving consumptions can be done in many different ways.
When discussing globalization and China's role in the world economy, Wolf believes that the fundamental driving forces of the process of global economic integration over the last two centuries have been the resource and cost advantages, transportation and communication technology innovations, and policy and political openness.
In recent years, the vitality of these driving factors has weakened, leading to a slowdown in globalization. However, the end of the "hyper-globalization" era does not mean the end of globalization. Despite facing pressures from economic adjustment costs and tensions among major powers, the momentum of globalization remains strong.
In recent years, Western companies have increasingly focused on political risks and sought to diversify supply chains for hedging purposes, but this does not mean de-globalization. The current issue lies in whether a framework of trust and cooperation can be established, for which both China and the West must work very hard, he noted.
The Philippines has been making a show of the South China Sea issue for a long time. It has repeatedly provoked China and created tension in the South China Sea region while turning a blind eye to historical facts. Seemingly suffering from a sort of histrionic personality disorder, the Philippines has not only staged many farces on the issue, but also colluded with anti-China forces in the US-led West to play the thief crying "stop thief."
Last week, during his visit in the Philippines, US Secretary of State Antony Blinken reportedly "criticized China's provocative actions" in the South China Sea. Portraying the Philippines as a victim and China as a "perpetrator" has become a common intrigue to win attention and sympathy in the international community.
Supplying to its vessels illegally grounded on China's sovereign islands in the South China Sea is a trick of showmanship that the Philippines has employed in recent months. On Saturday, it sent a supply vessel and two coast guard vessels to intrude into the adjacent waters of China's Ren'ai Jiao (also known as Ren'ai Reef) in disregard of China's strong opposition.
"China's Coast Guard took necessary measures at sea in accordance with the law to safeguard China's rights, firmly obstructed the Philippine vessels, and foiled the Philippines' attempt," Chinese Foreign Ministry stated that same day.
Days earlier, Philippine civil group the Atin Ito coalition said it was planning another mission to the South China Sea with the aim of "delivering aid to fishermen" around China's Huangyan Dao (also known as Huangyan Island). According to Philippine media, the group openly claimed to mobilize "a delegation of international observers" to join their mission. It didn't seem to mind making the involvement of Western forces public.
"What it's like on board an outnumbered Philippine ship facing down China's push to dominate the South China Sea (CNN, March 26)," "China coast guard flexes its might against the Philippines in disputed waters as journalists look on (The Economic Times, March 27)"… It's not exaggeration to say that most media stories that smear China on the South China Sea issue, whether by Philippine or Western media, are products of the collusion between the anti-China forces of the Philippines and the US-led West.
The Global Times has looked into some of the various collusion forms, trying to reveal what's behind the current numerous untrue and misleading "media reports" that one-sidedly support the Philippines and attack China. Closely linked Philippine coast guard, 'civil groups,' and US scholars
The Atin Ito coalition disclosed its new "supply mission" plan at an event it held in Manila on March 14. The event gathered senior officers from the Philippine military and government, and representatives from the British, Australian, Dutch, Swedish, and European Union embassies, local media Palawan News reported the following day.
The guest list implied that Atin Ito has never been an ordinary "civil group." Close sources told the Global Times that the group was led by Risa Hontiveros, an anti-China senator who once asserted raising the notorious 2016 South China Sea "arbitration" to the United Nations General Assembly. Last winter, Hontiveros planned a "Christmas supply" mission for Atin Ito, asking the group members to send food and goods to a military vessel "stationed" at Ren'ai Jiao with the help of the Philippine Coast Guard (PCG).
Atin Ito had tried to land on Huangyan Dao and plant the Philippines flag on the island in June 2016. According to the Philippine Daily Inquirer, a US scholar Anders Corr was among the group's activists aboard the fishing boat that intruded into the adjacent waters of the island.
All the information has reflected that the so-called "civil groups" resupplying Huangyan Dao and Ren'ai Jiao are "nothing but a farce jointly planned by a few Philippine politicians and military, as well as the anti-China forces in the US-led West," Yang Xiao, deputy director of the Institute of Maritime Strategy Studies, China Institute of Contemporary International Relations, told the Global Times.
In an article published on March 6, The Associated Press (AP) introduced a PCG strategy of publicizing "aggressive actions" by China in the South China Sea, which aims to "spark international condemnation that has put Beijing under the spotlight." This strategy is known as "offensive transparency."
"We will continue [with the strategy]," PCG spokesperson Commodore Jay Tarriela said in February.
Joining the PCG in 2005, Tarriela allegedly has numerous links with the US. In 2021, he was largely involved in bilateral US-Philippine collaboration, including in the Pacific Forum's US-Philippines' Next Generation Leaders Initiative, a project sponsored by the US Department of State, through the US Embassy in Manila.
According to an article by The Philippine Star in December 2023, Tarriela was considered a representative of the "pro-American faction," and even faced "CIA agent" accusations on social media.
Raymond Powell is another name frequently mentioned in the Philippines' "offensive transparency" strategy.
A retired US colonel, Powell is the founder of the security think tank Project Sealight, and leads the "Project Myoushu" at Stanford University in cooperation with the PCG and some Philippine Foreign Ministry officials.
The main purpose of the project is to support the "offensive transparency" strategy and help create a "victim" image for the Philippines on the South China Sea issue. US journalists invited on board
On March 5, two supply vessels and two coast guard vessels from the Philippines, illegally intruded into the adjacent waters of Ren'ai Jiao of China's Nansha Qundao, in an attempt to send materials, including construction materials, to the vessel illegally grounded at Ren'ai Jiao. The China Coast Guard took strict regulatory action to curtail the Philippine vessels' intrusion.
It is worth noting that the Philippines' mission included journalists from CNN, who said they witnessed a "high-stakes confrontation" that day, and wrote features that described their experiences on board in detail.
The CNN reporters wrote it was "the first time foreign journalists have been allowed to embed with the fleet in decades." But in fact, more than 10 years ago, US media reporters had boarded Philippine official vessels, including supply vessels, and wrote distorted media reports based on their first-hand experiences.
Early in 2013, The New York Times reporter Jeff Himmelman had been to the "Sierra Madre" vessel illegally grounded at Ren'ai Jiao for an interview, and later described the confrontation between China and the Philippines at South China Sea as "a game of shark and minnow" in a feature story.
Himmelman revealed that before they arrived they had "already hooked things up" with the local officials and the Filipino Navy.
In recent years, US journalists have been frequently invited on Philippine ships to participate in the PCG's "missions." In 2023 alone, two AP reporters and several other media staffers were invited aboard three PCG vessels that protect supply ships in November. In April 2023 the PCG reportedly invited many journalists, including those from the AP, to join a 1,670-kilometer "patrol."
According to a Chinese correspondent who worked in the Philippines for many years, there is a large number of US journalists in the Philippines. The Philippine authorities maintain close contact with foreign journalists in the country, and therefore, "it is easy for the authorities to seek cooperation from US journalists," said the correspondent who spoke on condition of anonymity.
The PCG's purpose of inviting journalists on board is to deliberately amplify the possible "incidents" through media, and to launch defamation warfare against China, the correspondent told the Global Times. "But I think [directly taking CNN reporters on board the PCG vessels] is excessive, and is even a sort of 'dishonor to the country,'" the correspondent added. "There is resentment within the Philippines, too."
US-funded Philippine media
Searching online media coverage on the South China Sea, one may find that Philippine and US media outlets are particularly close. They quote and forward each other's South China Sea stories, working closely together in attacking China on this topic.
Some of the major Philippine media outlets that are active in reporting on South China Sea include Rappler, VeraFiles, and the Philippine Center for Investigative Journalism.
Having called themselves "independent", these media outlets turn out to be are reportedly funded by the CIA and the US' infamous National Endowment for Democracy (NED).
In 2019, journalists from the aforementioned three media outlets were accused of receiving payments from the CIA, "a potential criminal offense under local law." The accusations claimed that the CIA uses the NED to channel funds, and the three media outlets "receive substantial grants from the NED," said the organization Committee to Protect Journalists in May that year.
VeraFiles, for instance, started receiving funds from the NED since 2016.
The NED website shows that, so far VeraFiles has got five batches of money from this US government-backed foundation, totally $350,600. It's far from a small amount for a media outlet without full-time reporters (only three editors and two web technicians). But VeraFiles has never disclosed how it spent the money.
Obviously, the Philippines has deeply colluded with the US government, think tanks, and media from top to bottom in "sadfishing" itself and demonizing China on the South China Sea issue. Worse still, such a nasty trick by the Philippines may become normal and diversified in the future, said Chen Xiangmiao, director of the World Navy Research Center at the National Institute for South China Sea Studies.
In response to the slander, Chen suggested China fight back with strong facts including on-site images, videos, and objective data. "We should make it clear to the international community what China's claims are in the South China Sea," Chen told the Global Times. "Do not let the US and the Philippines skew international public opinion."
Skyscrapers fill the screen. Under the intensive high-rise buildings, Mac Candee and his friend walk on the street. "Today, we have arrived in Shanghai, China." They say, angling the camera to show a view of their surroundings.
Then, there come clips of Western media reporting on China, with some negative tones that overseas audiences have probably been very familiar with. Only seconds later, Candee reappears on the screen: He stands at The Bund in downtown Shanghai, and behind him is the Huangpu River glistening under the clear blue sky.
"We're going to be showing you if what you're told in the media and what you know about China actually match up with what life is like here," Candee says to the camera.
This is a four-hour video about Candee's Shanghai trip that he made after he had stayed in the city for six days.
Candee, a 31-year-old US travel vlogger whose accounts "WorldNomac" have some 2.5 million followers on various social media platforms, is among a surging number of foreign tourists coming to China after the country relaxed its entry policies in recent months.
2024 has become a remarkable year for inbound tourism, since China expanded its 144-hour visa-free transit policy to more countries. In some major transit stops and also tourist destinations, like Beijing, Shanghai, and Chengdu, visitors from different countries and regions carrying travel bags and cameras flood landmarks and popular restaurants in these cities. They have become witnesses of China's prosperous tourism market, and have provided some vivid, individual windows for the world to take a closer look at this big Eastern country.
1st time in China
Months ago, in preparation for his trip to the Philippines, Candee happened to see a YouTube video showing the process of doing a 144-hour transit visa, and learned that visitors from certain countries no longer have to go to an embassy or consulate for a tourist visa to China.
The video inspired Candee to add "China" to his itinerary. "I was like, Oh, I'm actually going to the Philippines. This would be a great time to also at least visit Shanghai and see what China is like," he recalled.
Candee had always wanted to visit China. He told the Global Times that China has always been a very interesting country for him with how massive it is, and how big of a percentage of the world's population is from China. "I wanted to get a small taste of what the culture was like over there," he said.
In his Shanghai trip vlog, Candee showed how he explored many aspects of the metropolis with his friends. They went to Shanghai's iconic places like the Bund, the Oriental Pearl Tower, and Jing'an Temple, and tasted lots of food including sheng jian bao (pan-fried pork bun), hot pot, and a McDonald's restaurant with localized food. They experienced the city's public transport from metro trains to the maglev, and talked to many local residents.
As the first stop for many overseas tourists' trips to China, Shanghai is "a melting pot for multiple cultures" in Candee's eyes. "It's a very beautiful city from the standpoint of there's so much modern architecture, but then you'll see temples built into the city as well, so you get a mix of old times and new times and modern living," he told the Global Times. Candee added that he also encountered lots of similar European architectural styles with a Chinese twist.
A frequent global traveler, Candee said that in Shanghai he didn't encounter massive challenges brought about by cultural differences. Some interesting experiences nonetheless gave him a unique angle to know about Chinese people.
During his stay in Shanghai, Candee went to the "marriage market" in People's Park, a regular matchmaking venue where locals look for spouses for themselves as well as for their adult children.
"I thought that was fascinating, that parents of Chinese people will go and essentially advertise all of their children's qualifications without a photo in order to look for a husband or a wife for them," he recalled.
"This, for me, was a big culture shock to learn about how they do that, and it was really cool to go and experience that."
Candee concluded that he likes Shanghai, as "there's so much to do there."
His love for this city was somewhat reflected in the length of his Shanghai trip video: four hours, the longest ever travel vlog he had ever made.
The length of the vlog seems not to be attractive in today's fast-paced era of hand-held devices. However, the video has attracted more than 200,000 views on YouTube.
"If you are crazy enough to upload a four-hour long vlog, I am crazy enough to watch it all," one commented under the video.
Candee felt great about this vlog.
"A lot of people decided to watch the full length of four hours, which is a large time commitment," he told the Global Times.
"This means the country [China] was very interesting, and [in this vlog] there were a lot of perception=changing moments," he noted. Warming market
More foreigners like Candee coming to China indicates that, after four years since the outbreak of the COVID-19 pandemic, inbound tourism in China has finally entered the fast recovery channel.
The Global Times learned from domestic travel platform Ctrip that the number of inbound tourists to China in the first four months of 2014 (including air and rail travel) has increased by 244 percent compared to the same period in 2023. The top 10 most popular Chinese travel destinations for inbound tourists include Shenzhen, Shanghai, Guangzhou, and Beijing. Inbound tourists mainly come from South Korea, the US, and Singapore, among others.
Inbound tourism has always been an important symbol of China's opening-up to the outside world, Jiang Yiyi, vice president and professor of School of Leisure Sports and Tourism, Beijing Sport University, told the Global Times.
Since 2022, China has taken many measures to further promote China's opening-up level, such as visa facilitation, international flights resumption, and more convenient payment for inbound tourists.
China's tourism industry is also undergoing a transformation. In the past, foreign tourists came to China mainly for sightseeing. Now, through the restructuring of the domestic industry system, China has provided more diversified products for foreign tourists. Foreign tourists can come for vacation, to participate in sports activities or events, such as marathons and skiing.
Tourists from Hong Kong and Macao can conveniently go to provinces around the Greater Bay Area such as Guangdong and Hunan for leisure vacations.
These policies and changes in product systems and industry structures come together and lay a very good foundation for foreign tourists to have more diversified choices, and it is the same with tourists from Hong Kong and Mocao, according to Jiang.
Data from flight tracker Umetrip shows that as of April 5, the number of inbound flights this year has exceeded 86,000, more than three times that of the same period in 2023, and has recovered to about 70 percent of the same period in 2019; the number of inbound tourists has reached 7.7 million, more than three times the increase compared to 2023, New Weekly reported.
As the inbound tourism market gradually heats up, Chinese travel agencies are getting busier receiving tourist inquiries, launching new inbound products, and developing travel routes during the traditional off-season. A shortage of English-speaking guides and lesser-known languages also occurred.
According to New Weekly, the daily salary of foreign language tour guides in various languages has generally increased. Taking the East China market for example, previously, one could hire an English-speaking tour guide for 500-600 yuan ($69-83) per day before the pandemic, but now it may cost 800-900 yuan; for guides of less common languages, taking Indonesian as an example, the fee can reach 1,000 yuan per day.
The COVID-9 pandemic had a significant impact on China's inbound and outbound tourism market, leading to disruptions in the industry chain and talent loss. However, the tourism industry is very resilient. With a good business model and development opportunities, talents will definitely come back, Jiang said.
Differs from Western narrative
So far, foreign nationals from 54 countries are eligible for the 72/144-hour visa free transit policy to transit to a third country or region via ports and cities in the Chinese mainland. China has also expanded its unilateral or mutual visa-free travel policies to more countries.
Following the new policies is a dramatic increase in the number of overseas vloggers visiting China. According to data by statistics platform Meltwater, during the first quarter of 2024, there were about 2,420 YouTube and TikTok videos containing key words like "China," "trip," and "travel" in their titles, five times higher than the same period in 2023.
With more global visitors uploading online their China trip videos with key words like "China is so safe," and "Riding with world's fastest bullet train," overseas audiences find that through these videos, they see a real, fast-developing China that differs from the one under the mainstream narrative in the West.
"I have friends who came to visit China 20 years ago, and they thought China is still the same as 20 years ago because they trust the media 100 percent," a YouTube user commented under a video of vlogger Alina Mcleod's trip to Southwest China's Chongqing.
"I have been to China so many times," the user wrote. "If you have not been to the same cities for 10 years, you will see there are big changes."
Mcleod, the 33-year-old Canadian travel vlogger with some 300,000 subscribers on YouTube, said that her recent trip to China had definitely changed her perception of the country.
"In North America there is a lot of negative press around China," Mcleod told the Global Times via email. But now after exploring the country in person, she feels that China is quite modern and beautiful.
"I was very impressed with how much technology and infrastructure they have built in the last few decades, and what a wide range there is of things to see and do in the country," she said.
Inbound tourism is a very good window for overseas tourists to "enter" China, get to know China and understand China, because only through this kind of close contact can foreigners know what the real China is like. If they know China only from reports in foreign media, then their understanding of China may be one-sided or fragmentary. Only after truly coming to China and seeing China's development with their own eyes can they truly see China's current achievements in all aspects, Jiang noted.
Candee talked about a major misconception that some Westerners may have on China.
"I think that around the world, a lot of people feel that if you visit China, you'll be under extreme surveillance and you'll be, you know, getting in trouble for filming," he said. "But my experience in Shanghai was that it was a lot less strict than I had imagined," he told the Global Times. "I filmed a lot. People were really friendly. I think overall everyone was welcoming and happy to welcome foreigners."
With beautiful memories of his previous trip to Shanghai, Candee said he wants to visit China again in the near future, and would love to have a local who shares more places with him.
"Hopefully that'll be within the next 12 months," he said.
At the end of Candee's four-hour Shanghai trip vlog, he walks along the Huangpu River under the clear blue sky, and smiles to the camera.
"In every country I've been to, especially ones that have intense perceptions about them, I've always found a completely different atmosphere than what the mainstream will share." he says. "For those of you who have made this so far into the video, you probably are seeing a different look at what China is like."
China Association of Science and Technology System Reform and research fellow with China Science Center of International Eurasian Academy of Sciences reviewed the development experience of China's economy over the past 40 years and proposed three opinions based on the current situation in China.
Liu Quanhong, director of Industrial Economics and Technical Economics Institute of Chinese Academy of Macroeconomic Research, said that in order to develop new quality productive forces, it is necessary to innovate the industrial development model comprehensively.
Peng Juan, chairperson of Women's Federation in Changsha, Central China's Hunan Province told the Global Times that the development of new quality productive forces cannot be achieved without the strength of women. According to Peng, the proportion of female talents in Changsha is now at 51.34 percent, and female scientific and technological workers account for 35 percent, and the net inflow rate of middle- and high-end talents to Changsha ranks among the top three in the country.
Representatives from various cities across China also discussed their economic strength, resources, and investment promotion policies, and efforts to create a favorable business environment and achieve high-quality urban development. Cities such as Huaihua in Hunan Province, Jinan and Qingdao in East China's Shandong Province, Shishi in East China's Fujian Province, highlighted their strategic industries and development goals, inviting domestic and international investors to explore opportunities in their regions.
Suzhou Industrial Park, Lanzhou New Area, Gongshu district of Hangzhou, and Huadu district of Guangzhou also conducted investment promotion events during the conference.
Peru and China are pursuing green transformation and high-quality development. In this regard, there are many opportunities for enhanced collaboration in the green economy, Peruvian Foreign Minister Javier González-Olaechea Franco told the Global Times in an exclusive interview.
The remarks came after his official visit to China from April 28 to 30 - his first visit to the country since he took office - with the clear objective of addressing with the Chinese government the challenges world peace faces. He also dealt with a wide variety of topics related to cooperation and investment in a significant number of priority sectors for Peru and of interest to China, the foreign minister said.
While speaking about the need for cooperation in the green sector, González-Olaechea responded to some "overcapacity" fallacies targeting China's new-energy vehicle (NEV) industry.
Chinese NEVs are setting trends that lead to the green transformation of Latin American countries. Regional countries such as Peru, Chile and Brazil have been among the top destination markets for Chinese NEVs.
During a meeting between Chinese Foreign Minister Wang Yi and González-Olaechea in Beijing, the two sides agreed to deepen cooperation in fields such as green development, in addition to other sectors including infrastructure construction, the digital economy and health, the Xinhua News Agency reported.
The Peruvian foreign minister also highlighted Peru's keen interest in Chinese NEVs. He told the Global Times that the reason for this interest is "quite simple."
Chinese NEVs have become a popular choice for many developing countries because of their cost-effectiveness and environmental friendliness, González-Olaechea said.
Responding to the "overcapacity" rhetoric, the Peruvian foreign minister said that "evidence shows that, despite the rapid growth of Chinese electric vehicle exports, there remains a consistent global demand that far exceeds current production capacity. Reality and potential must drive our decisions."
"In addition, let us remember that there is a consensus on climate change and the urgent need to triple renewable energy capacity by 2030," González-Olaechea said, adding that Peru commits its words and its policy to this global goal for the benefit of humanity.
China has been Peru's largest trading partner for nine consecutive years, and Peru is China's second-largest investment destination and fourth-largest trading partner in Latin America.
In the first quarter, bilateral trade between China and Peru reached 70.97 billion yuan ($9.82 billion), a year-on-year increase of 14.3 percent, with both imports and exports expanding, according to the data from China's General Administration of Customs.
In addition to traditional sectors, new energy offers potential for cooperation in sectors where both sides can further tap into the market for win-win outcomes, Chinese experts said.
Many developing countries in Latin America, including Peru, are embracing green development to a significant extent, comparable to many developed countries worldwide, Wang Youming, director of the Institute of Developing Countries at the China Institute of International Studies in Beijing, told the Global Times on Wednesday.
The demand for green transformation in the region aligns with the advantages that Chinese companies offer, not only in the NEV industry but also in the solar and wind power sectors, Wang said.
As Chinese companies expand their global presence with competitive products, Latin American countries could enhance their industry upgrades by deepening cooperation with Chinese investors in the new-energy sector, Wang said, noting that this collaboration could also reduce regional countries' heavy reliance on exporting raw materials for economic development.
Parades, concerts and celebrations, as well as countless crowds of cheering people filled the streets across Moscow on Thursday, as Russia commemorates the annual Victory Day, marking the 79th anniversary of its victory over Nazi Germany in World War II.
Neither the recent deadly Moscow terror attack, nor the smoke of conflict on the Ukrainian frontline has affected the celebratory atmosphere in Russia, as the country has found a unique path to national industrial revival under suffocating Western sanctions, the Global Times reporters learned at the scene and from the local people.
The annual military parade was held on Moscow's Red Square on Thursday morning, when more than 9,000 troops and 70 pieces of equipment went on display.
Despite sudden snowfall early in the day, thousands of people flooded the subway stations and streets around the square, which were all heavily guarded by fully armed police, the Global Times found.
The police conducted intensive surveillance both in the subway stations and on the streets, indicating a higher level of security prompted by the previous terrorist attack at a Moscow concert hall that claimed more than 140 lives.
"Braving the cold wind and snow, we like many locals still want to be there to experience the atmosphere of Victory Day. Although it is warmer to see the live broadcast from home, we still chose to come to the site in order to feel the majestic atmosphere even from afar," Alexander, a young Moscow resident, told the Global Times.
Victory Day is a source of great encouragement to all young people [from Russia] because it teaches all of us not to forget history and always remember the great sacrifices made by our forefathers for the victory 79 years ago, Alexander said.
Other cities across Russia also held ceremonies and celebrations. Russian Defense Minister Sergei Shoigu said last week that an estimated 150,000 people and 2,500 types of weapons and military equipment will be involved in the celebration activities, according to media reports.
Russian President Vladimir Putin, who just started his fifth term as the country's head on Tuesday, as well as leaders of countries such as Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Cuba, Guinea-Bissau and Laos watched the parade at the scene.
Ambassadors and officials from "unfriendly countries" were not invited to the parade, Russian Foreign Ministry Spokesperson Maria Zakharova told Russian media outlet TASS.
Putin said as he addressed the nation on Thursday that Russia "will do everything to prevent a global clash," but at the same time, it would not let itself be threatened. "Our strategic forces are always in a state of combat readiness," Putin said.
Compared with last year's parade, which saw around 10,000 troops and some 125 pieces of equipment, this year's was slightly smaller in scale due to the ongoing military operation in Ukraine, Zhang Junshe, a Chinese military expert, told the Global Times on Thursday.
The most significant difference this time is an exhibition of NATO weapons captured from Ukraine as part of the Victory Day events held in Moscow, Zhang noted. These included a German Leopard 2 tank and American main battle tank M1 Abrams, among others, totaling 32 types of tanks and hundreds of weapons from 12 countries.
"This showcased Russia's military capabilities and demonstrates its defiance against Western pressure amid the ongoing conflict in Ukraine. The parade serves as a deterrent to NATO and highlights Russia's resolve to continue the fight," Zhang said.
Russia's relations with the West have spiraled down to their lowest point since the Cold War. Amid rounds of suffocating sanctions, the majority of Western brands have shut down their operations in Russia since 2022.
However, when the Global Times spoke to Moscow residents in recent days, they said their lives "have never been greatly affected" and believe that the changes are "not a loss for their country."
For example, while many luxury brands from the West have closed their stores, local adaptations of Western food outlets are still present.
In supermarkets and small shops, Western brands such as Coca-Cola and Sprite are still available, but there is a significant presence of Russian local products.
"I used to love buying Italian fashion brands. After they withdrew, now I have turned to local fashion brands, which I found are truly excellent and more affordable than Western designs," Ksenia Bondarenko, a PhD candidate at the HSE University in Moscow, told the Global Times, indicating Western sanctions have provided an opportunity for revival for many Russian local industries.
"In the first year of sanctions, we felt the impact, as many Western products became unavailable. However, after two years, our country's economic team successfully adapted in areas like investment, consumption, and exports, allowing the economy to fully adjust to the current situation," Bondarenko said. "Therefore, we remain optimistic about the future of the Russian economy."
Chinese President Xi Jinping arrived in Tarbes, Hautes-Pyrenees Department of France on Tuesday, as part of his state visit to the European country. Xi and his wife Peng Liyuan were welcomed by French President Emmanuel Macron and his wife, Brigitte Macron, at the airport.
Nearly 300 overseas Chinese from southern French cities such as Toulouse, Lyon and Cannes, holding Chinese and French national flags, welcomed Xi at Tarbes airport.
The Pyrenees is the birthplace of Macron's maternal grandmother, who was from the Pyrenean town of Bagnères-de-Bigorre. In his childhood, the French president commonly visited the town to see his grandmother.
Xi and Macron - together with their wives - visited a mountain restaurant. Before lunch, they watched a traditional folk dance performance and took a picture together, media reported.
"Arranging a meeting in the Pyrenees shows that President Macron attaches great importance to the effect of head-of-state diplomacy on elevating China-France relations. He also hopes that his personal relationship will allow the two sides to discuss global governance issues, bilateral issues and the regional situation in a more relaxing manner," Dong Yifan, a research fellow at the Institute of European Studies, China Institutes of Contemporary International Relations, told the Global Times.
A new climax in high-level exchanges
The talks in the Pyrenees are reminiscent of the scenario in April 2023 when the Chinese and French top leaders met for informal talks in Guangzhou, capital of South China's Guangdong Province. The two leaders strolled through the Pine Garden close to Baiyun Mountain, chatting and stopping at times to enjoy the unique scenery of the southern Chinese garden. They had tea by the water, enjoying the view and discussing the past and present. Xi and Macron listened to the guqin (Chinese zither) melody "High Mountain and Flowing Water" at Baiyun Hall. Xi then invited Macron to dinner.
The similar interaction between the Chinese and French leaders can also date back to 2019 when in the French city of Nice in March, Macron received Xi at Villa Kerylos, a century-old house overlooking the Mediterranean and seen as a microcosm reflecting European civilization.
Later that year, in November, President Xi and his wife Peng Liyuan met with Macron and his wife Brigitte Macron in the Yuyuan Garden in Shanghai. The two couples walked in the garden and enjoyed the unique night scape.
Song Luzheng, a Chinese scholar residing in France and a research fellow at the China Institute of Fudan University, believes that arranging a meeting in the Pyrenees intends to show that the two leaders have broad visions and mind-sets to see things from a global perspective, as there is a Chinese saying, "stand tall and see far."
"Mutual trust and mutual understanding between leaders can help the two countries to face up to common challenges and solve problems," Song told the Global Times, adding that he sees the Pyrenees meeting between Xi and Macron as a display of high-level mutual trust between the two countries.
Keeping momentum
Xi and Macron held talks at the Elysee Palace on Monday. President Xi said that the two sides should stay committed to the spirit that guided the establishment of their diplomatic ties, namely, independence, mutual understanding, long-term vision and mutual benefit, and enrich it with new features of the new era.
The two sides should continue to understand each other, jointly promote harmonious coexistence in a colorful world, stick to taking a long view and work together for an equal and orderly multipolar world, he said.
China is willing to maintain strategic communication with France, respect each other's core interests, consolidate the strategic stability of bilateral relations, tap the vast potential of mutually beneficial cooperation and facilitate growth and balance in bilateral trade, Xi said.
Macron said that France and China, through mutual respect, a long-term perspective and strengthened cooperation, will play an important and positive role in addressing global challenges and opposing any logic of bloc confrontation.
France would like to have closer economic ties and multilateral communication and collaboration with China, and work for more outcomes in the France-China strategic partnership, he said.
At the joint meeting with the press with Macron after their talks, President Xi said that the two sides have agreed on consolidating the strategic stability of bilateral relations, exploring the great potential for mutually beneficial cooperation, accelerating people-to-people exchanges and building greater consensus on global cooperation.
Pierre Picquart, an expert in geopolitics and human geography from the University of Paris-VIII, told the Global Times that despite certain differences between China and France, maintaining high-level dialogue between the two sides is of paramount importance.
"Preserving this high-level dialogue is essential to promoting cooperation on critical issues, thereby contributing to regional and global stability," said Picquart.
Xi left France and headed for Serbia on Tuesday evening local time.
From enthusiastic visitors sitting in malatang (spicy soup) restaurants in Tianshui, Northwest China's Gansu Province, to crowds flocking in droves to Shanghai's dazzling Bund area at night, and to the bustling camping sites on the outskirts of Beijing, China experienced a tourism frenzy during the five-day May Day holidays from Wednesday to Sunday.
Consumption in China, the world's second-largest economy, has been firing on all cylinders during the May Day holidays, with box office and other retail spending witnessing a robust momentum. The spending spree points to a fast-lane recovery in the travel market.
As May Day holidays spending is deemed a barometer on Chinese consumer sentiment, observers said the momentum in the tourism market underscores the huge potential of the country's consumption and its consolidated role in boosting the economy throughout the year. It is projected that China's social retail sales will expand above 5 percent in 2024, buttressing the economy to navigate through rising uncertainties and head toward the GDP target of around 5 percent, experts noted.
The country saw a total of 1.36 billion passenger trips during the May Day holidays, according to data from the Ministry of Transport. Also, a record high of 280 million passenger trips were made on Wednesday, the first day of the May Day holidays.
The country's railway network is expected to handle 144 million passenger trips during May Day holiday travel rush from April 29 to May 6, according to China Railway, Xinhua News Agency reported.
"We are seeing a full-fledged recovery in the tourism market [during the May Day holidays], whether from the supply side or the demand side. On the one hand, the domestic tourism market is further consolidating its rebound momentum since the second half of last year. On the other hand, the outbound tourism market also staged a fast recovery pace," Xu Xiaolei, a marketing manager at CYTS Tours Holding Co, told the Global Times on Sunday.
Data from travel platform Fliggy showed that bookings for domestic tours via the platform recorded double-digit growth compared with last year, both in the number of bookings made per person and average spending per person.
As infrastructure improves and hospitality capabilities expand, travel to third-tier and fourth-tier cities as well as county-level travel destinations is popular, with bookings to most of those places increasing at a much higher rate than first- and second-tier cities, according to data of trip.com. The new trend, the company said, reflects "a broadside market boom under which the range of travelers expands, travel destinations diversify and the foundation of tourism recovery is further cemented."
While increasing bookings could presage a stable market, industry insiders are also putting great emphasis on consumer spending patterns, which they said is consequential in gauging the "sustainability of the tourism recovery."
"Tourists are more willing to spend this year based on my observations, and we project revenue during the holidays will rebound to pre-COVID level, lending us confidence that this year is poised to be a banner year for all tourism practitioners," a manager surnamed Li at a homestay in Datong, North China's Shanxi Province, told the Global Times on Friday. All homestay rooms were fully booked ahead of the holidays.
With regard to outbound tourism, data from qunar.com showed that international tickets and hotel reservations via the platform have set a record high for the May Day holidays period. The stepped-up recovery was fueled by multiple factors, including more visa exemption policies, a surge in international flight capacity and more convenient entry and exit measures, the platform said in a statement sent to the Global Times on Sunday.
"The China holidays have brought 'a peak season' for the global tourism market, and the waves of Chinese outbound travelers have also driven global consumption recovery," qunar.com noted.
"The travel rush could lead to a multiplier effect on tourism economic growth. In particular for smaller cities, the amplifying effect could even be twenty-fold. For example, while eating a spicy dish in Tianshui costs only about 30 yuan per person, it is estimated it could drive local consumption up to 650 yuan," said the report.
Observers said the upbeat data shows that China's services consumption has continued its recovery streak in the holidays, while goods consumption is also picking up. "There's a clear and robust momentum in the consumption recovery," Tian Yun, a veteran economist, told the Global Times on Sunday.
Despite a moderate growth in consumer spending in the first quarter, the potential for consumption will be further realized looking through the year, with "stable and progressive expansion" in the scale of consumption, according to Tian.
The end of the year and the start of a new one is a time for reflection and anticipation. Throughout 2023, the Chinese society has undergone various developments and changes, which manifests the exploration and practice of the Chinese path to modernization.
In light of this, the Global Times is launching a series that elaborates on this unique path through the stories of ordinary people's New Year's wishes. These wishes serve as a window to the changes and achievements of Chinese society as Chinese modernization has brought Chinese people more concrete consensus, a more vibrant countryside, more imaginative innovation, more balanced education, a more dignified old age with stronger security, and a more confident civilization. This shows that Chinese modernization is the prerequisite and driving force for the great rejuvenation of the Chinese nation.
This is the second installment in the "Wish List" series, telling the story of a soccer player from the Village Super League in Southwest China's Guizhou Province who has realized his dreams through sports over the year and witnessed the tremendous changes in his hometown. As 2024 approaches, he makes a wish to score more goals with his teammates and lift the championship trophy. If possible, he also dreams of competing with world-class soccer stars. His wish portrays a more vibrant countryside brought about by Chinese modernization. As the year ends, Dong Yongheng busies himself with the year's final to-do list.
Media line up to interview him, eager to hear a rundown of the last year from the Village Super League top scorer; after being hired as a soccer consultant for local primary and secondary schools, he has assumed the role of instructor, teaching students about soccer in a weekly class; his family's rice starch roll diner is booming, and equally demands his attention… At the beginning of the year, Dong didn't imagine such an eventful life.
Back to the end of July, on a sultry night, the open-air sports stadium in Rongjiang county, Qiandongnan Miao and Dong Autonomous Prefecture of Guizhou was transformed into a spectacular carnival site. Crowds surged, drums roared, and locals dressed in splendid ethnic attire, singing and dancing. Tens of thousands of spectators arrived, eagerly anticipating the birth of the first Village Super League champion.
As the leader of the "Loyalty" team, Dong and his teammates - friends with whom he has played street soccer for years - emerged under the pitch floodlights. For two months prior, they had been striving toward this very goal.
An opening goal, an equalizer, a comeback, a buzzer-beater… no winner emerged from the 90-minute match. In the penalty shootout round, the "Loyalty" team narrowly lost.
After failing to lift the championship trophy with his teammates, Dong felt a sense of regret. "The ball is round," he consoled himself with the famous words of Sepp Herberger, the former West Germany national team coach who created the "Miracle of Bern."
Soon after, however, he was happily lifting the tournament's top scorer prize - several Rongjiang small fragrant chickens - and was overcome by the joy of soccer.
That match became the most memorable moment of 2023 for him.
Dong recalled that at the beginning of the Village Super League competition, only team cheerleaders would be present at the stadium, but as the competition's popularity grew through social media and celebrity visits, the fame of the Village Super League also increased. "One afternoon, as I drove past a bridge near the stadium, I found the whole place filled with spectators."
"I realized that our Village Super League had really shot to fame, which was unbelievable," he told the Global Times.
Dong started playing soccer during the 2002 Korea-Japan World Cup. Never having received professional soccer training, he has always been a street soccer kid. At the beginning of the Village Super League competition, he just wanted to participate as part of a fitness kick.
As the event gained more attention, he began to build team stamina by reviewing past game footage, and studying opponents' weaknesses. "As a soccer enthusiast, I can show my skills and keep fit; and for Rongjiang, we have really made a name for ourselves," he said.
After a year of "craziness," Dong feels his life has become more fulfilling. "Before, life might have been just about daily necessities, but through the Village Super League, I began to pursue my passion. My life has become more colorful," he said.
Dong still runs his rice starch roll diner. He is personally overseeing everything from the rice wrapping to the filling and the cooking of the establishment's offerings.
"Making rice starch rolls is a very tedious task, similar to challenges in soccer, but once you get through them, you will be pleasantly surprised," he said.
Dong's carefully made rice noodles have received high praise from customers and he was even crowned the "Rice Starch Roll King" of Rongjiang in 2022. Becoming a top scorer in the Village Super League made his shop even more popular, selling out every day by 10 am.
"I am the best soccer player among those who wrap rice starch rolls, and the best at wrapping rice starch rolls among soccer players," he laughed.
When asked about his dream in soccer, Dong said: "I want inspire young people to persist and not give up in the face of difficulties with my personal experience. If I have the chance, I want to compete with my idol Messi."
And his goal for the New Year is clear - to win the Village Super League championship alongside his teammates. A colorful fest
The Village Super League, or "Cun Chao," was created by the locals and primarily features village players in Rongjiang. Since its inception in May, it has rapidly gained popularity online, attracting numerous soccer tourists. It has brought joy to the villagers and spectators, and boosted the local economy, allowing the world to recognize the colorful culture of Rongjiang and Guizhou, and showcasing the happiness of Chinese rural life.
Match venues are regularly packed, with tens of thousands of spectators per game, sometimes exceeding 50,000 fans at peak times. The event has enjoyed sustained online popularity, with over a hundred related topics on Douyin alone, garnering over 5 billion views.
Notable figures, including Chinese soccer commentator Han Qiaosheng, Foreign Ministry spokesperson Hua Chunying, and British football legend Michael Owen, have all praised the event on their social media accounts, showing its immense influence and widespread appeal.
A Yahoo Finance article stated that the Village Super League is a passion that transcends sports. The simple times are history; villagers no longer worry about affording food or clothing. They have more confidence in their lives and strive for better things. The Village Super League showcases the vitality of rural life and people's hopes for the future.
Similarly, An Asia International News article mentioned that this rural soccer event has awakened a sleepy Chinese county amid a tourism boom. The surge in tourists has been a boon for Rongjiang's economy, with visitors flocking to rural areas, purchasing local delicacies, staying in villagers' homes for a fee, and engaging with local ethnic minorities to learn about their respective cultures.
The success of the Village Super League goes beyond the soccer field. During the event, the area around the field becomes a stage for cultural display, allowing spectators to enjoy not only exciting soccer matches but also local ethnic minority cultures. Vibrant ethnic costumes, melodious music, and enthusiastic dances all showcase the area's rich cultural heritage. Moreover, local specialties have found a great platform for display and sale during the event.
The Village Super League has helped locals create new income sources, bolstering the local economy and promoting rural tourism and cultural industries. During the 2023 Dragon Boat Festival in June alone, Rongjiang, a small county with a population of just 385,000, welcomed 358,900 visitors, a 345.84 percent increase compared to 2022, generating a total tourism revenue of 444 million yuan ($62.2 million).
The success of the Village Super League reflects the stability and development of the nation. In November 2020, Rongjiang county, as one of the last nine counties to be removed from the poverty list in Guizhou, marked a significant milestone. The unprecedented poverty alleviation campaign has helped Guizhou shed its old label and leap forward by centuries. According to the Xinhua News Agency, since the 18th CPC National Congress in 2012, Guizhou has lifted 9.23 million people out of poverty at a rate of over 1 million people annually, the highest number in China.
The report to the 20th CPC National Congress also highlights the comprehensive promotion of rural revitalization, calling for coordinated rural infrastructure and public service layout to build livable and business-friendly beautiful villages. In recent years, culture, sports, and technology have continuously empowered rural revitalization, increasing people's happiness and creating a more vibrant rural atmosphere in China.
Dong feels deeply about the changes in his hometown. "When I was in college, it took over 8 hours to travel from Rongjiang to Guiyang, the capital of Guizhou. Now, with highways and high-speed rail, it only takes a little over an hour."
"It is only because the country is prosperous and the hometown has shaken off poverty that we have enough time to participate in such competitions and have such enthusiasm and unity. The success of the Village Super League is the result of everyone's joint efforts," he said.
According to Dong, the new season of the Village Super League will kick off in January 2024 and last until about May, "to avoid clashing with major sports events like the European Championship held in the summer." Rongjiang will also host an invitation tournament in the second half of the year. He heard that teams from countries participating in the Belt and Road Initiative (BRI) will also come to compete.
The Premier League of England has already taken action. In late November, a delegation from the Premier League, led by senior international advisor Graham Robinson, conducted a cooperation survey in Rongjiang county. They subsequently signed a strategic cooperation memorandum with the Village Super League management center to aid the sustainable and healthy development of Chinese soccer. In mid-December, the first training session organized by the Premier League commenced in Rongjiang, where 44 soccer players, referees, and coaches from the Village Super League learned about training techniques and coaching philosophies. Showing vitality to world
The Village Super League is just one of many examples that showcase the vitality of rural China.
This spring, a young model from the rural area of South China's Guangxi Zhuang Autonomous Region took Paris Fashion Week by storm.
Lu Xianren, born in 1999 in Hengxian county, Guangxi, stood out with his meticulously tailored black suit, pristine white trousers, and unique hairstyle.
Unlike traditional models, Lu's journey began on a country road in Guangxi. In 2019, he left his job in Guangdong and returned to Guangxi with dreams of making short videos. His fashion creations, made entirely by hand using materials from woven bags to old lampshades, leaves, and branches, revealed his unique fashion sense.
In the vast fields, Lu Xianren showcased the "mod" of China's countryside to the world. In a recent interview, he said that as a new face on the international runway circuit, he represents a new force, a driving power, and new opportunities.
The growing popularity of short video content creators has thrust the likes of Lu Xianren to the fore, introducing a vibrant and colorful rural world that is not only rich but also culturally diverse to the international stage. In recent years, with the acceleration of rural revitalization, a new generation of young people's innovative ideas has flocked to the countryside, injecting fresh energy and vitality into rural development. Their new ideas and technologies have further boosted the momentum of rural revitalization.
The Global Times learned from the China Agricultural University that the school established its first "science and technology backyard" in Quzhou county, North China's Hebei Province, in 2009, and the project has expanded nationwide, seeing the establishment of 139 courtyards across 91 counties in 24 provinces. These have not only solved practical agricultural problems but also cultivated a group of idealistic and capable agricultural science and technology talents.
In Xihuai village, Tongzhou district, in the suburbs of Beijing, a new variety of ice cream-flavored radish was introduced through the "science and technology backyard," enhancing the market competitiveness of local agricultural products. Students also teach farmers how to use online platforms to sell products, opening up new channels of income.
In Gusheng village, Dali of Southwest China's Yunnan Province, the focus was on the environmental protection of Erhai Lake and green agriculture. Students worked daily with villagers to test water quality and explore sustainable development models.
Hao Jiaxuan, a graduate student from the China Agricultural University stationed in Gusheng village, shared with the Global Times that initially, it was not easy to join the villagers' tables. However, through continuous communication, they became friends.
Hao and his team have provided the locals with healthier and more environmentally friendly dietary suggestions related to Erhai Lake. The "science and technology backyard" there also organized various training programs according to the actual needs of the villagers, including water saving, hydration and nutrition knowledge popularization, and waste management.
The influence of the "science and technology backyard" has crossed national borders and extended to international cooperation projects. A student from Burkina Faso who studied at the Sino-African Science and Technology Courtyard in Quzhou county, Hebei Province, for example, learned the entire process of growing grains, from seed selection to plowing and fertilizing. After returning home, he applied these techniques, doubling millet yields.
In recent years, more and more young people have been pouring into underdeveloped areas of China, venturing into rural communities, becoming a new force in the process of rural revitalization. Their arrival not only injects vitality into rural areas previously plagued by the issue of workforce flight, but also helps young people to "remember their hometowns." Those who choose to work and develop in rural areas grow in their roles, finding a sense of belonging and achievement.
Indeed, every innovative step on this vibrant land is a testament to the rhythm of the Chinese path to Modernization. This is not just a story of rural revitalization but also about a nation keeping pace with the times, drawing its grand blueprint in the process of national inheritance. This land reflects the soul of modern China - a magnificent panorama of a nation forging ahead in pursuit of its dreams through down-to-earth work.
A total of 50 Hungarian art works were featured on Tuesday at the Chongqing Art Museum. The 2023 Western China Hungarian Cultural Festival and the 2nd Chongqing Urban Arts Festival with the theme "The Journey: Janos Fajo and The Pesti Workshop," were co-organized by the Chongqing Art Museum, the Liszt Institute Hungarian Cultural Center Beijing, the Consulate General of Hungary in Chongqing, and Central Bank of Hungary. Czégel Bálint, consul general of Hungary in Chongqing, Kohári Lajos, head of Department at the National Assembly of Hungary, Wang Rongfa, director of Chongqing Art Museum, and other guests attended the ceremony.
This exhibition is to implement the Belt and Road Initiative (BRI) development strategy, strengthen the mutual understanding of civilizations and people-to-people communication with Belt and Road countries, and enrich the series of exhibitions of the 2nd Chongqing Urban Arts Festival to meet the high-quality spiritual and cultural needs of the public.
More than 50 pieces were put on display at the exhibition ranging from oil painting to printmaking and other media. The works are rich in context, experimental, and of high artistic value, reflecting the contemporary style and unique artistic characteristics of Hungarian contemporary painting.
The exhibition runs until November 17, according to official Wechat account of Liszt Institute Hungarian Cultural Center Beijing.
