Last year, Chinese enterprises including major technology brands expanded their footprint on the global market. It was also the first year for upgraded versions of "Made in China" to compete in the markets of the developed economies in all aspects. 

In 2023, China's foreign trade and investment rose steadily, with a trade surplus of more than $730 billion in the first 11 months. China was the only major economy with an inflation rate lower than the central bank's 2-percent target.

In retrospect, in the fields of semiconductors, artificial intelligence, new-energy vehicles or batteries, the technological value of Chinese manufacturing was increasingly recognized globally. In the second half of the year, many Silicon Valley entrepreneurs chose to return to China, seeking cooperation with the world's largest factory, known for its high manufacturing efficiency and growing competitiveness.

In 2024, the globalization of the high-tech sector will be irreversible, and Chinese high-tech companies will continue to "go global." There will be more and more Chinese companies setting up factories in both the developed and developing economies, and concurrently, there will also be an increasing number of young Chinese entrepreneurs appearing on the international business stage.

The rapid development of the Chinese economy over the past 45 years can be attributed to the reform and opening-up policy. Maintaining a competitive advantage in the global manufacturing industry is crucial for China's industrial transformation and upgrading of the economy, as well as ensuring the stability of the yuan's exchange rate and the well-being of the public in the face of global challenges.

The development of Chinese economy demonstrates that China's goal is not to "dominate the world", but to share the dividends of its development. This explains why China's foreign policies won't follow the heels of the traditional colonial powers by bullying the weak and poor, and China's contributions have been widely recognized by countries and regions participating in the Belt and Road Initiative (BRI).

Under the long-term goal of maintaining steady and sustainable development, the Chinese economy saw a robust recovery in 2023. In addition to effectively controlling inflation, various indicators such as electricity generation, transportation of goods and passengers and retail sales all exhibited a gradual recovery, surpassing market expectations. 

The improved economic data can be attributed to the continuous implementation of policies such as poverty alleviation, the BRI and the development of high-end manufacturing. They also stem from the continuous improvement in the capital intensity of modern agriculture and manufacturing, offsetting insufficient growth momentum caused by a slowdown in the real estate sector.

Investors' expectations for the economy's future are diverging. There is a common saying in the international investment community: "optimists tend to be successful and pessimists tend to be right." China's market size and development potential are enormous, and only optimistic entrepreneurs who keep up with the times can get their due rewards.

The main battlefield of competition for Chinese companies has long expanded from first- and second-tier Chinese cities to county towns, which benefits more Chinese consumers, as brands and consumption patterns that used to only exist in Beijing, Shanghai, Guangzhou and Shenzhen are increasingly entering local towns and rural areas. 

The upgrading of the financial industry will also be an important aspect of the Chinese economy in 2024. Commercial banks such as China Agricultural Bank, Industrial and Commercial Bank of China and China Construction Bank have all lowered their deposit interest rates, which for the first time are below the benchmark interest rate set by the People's Bank of China. 

This is a new milestone in Chinese financial history. It signifies that China has transitioned from a period of relying on foreign investment during the early stages of reform and opening-up to a new stage where domestic capital is abundant. 

China's veteran short track speed skater Fan Kexin kissed the ice surface at the Capital Indoor Stadium again on December 9 at the ISU Short Track World Cup in Beijing, as she returned to competition after a nearly two-year hiatus after the Beijing 2022 Winter Olympics.

Fan, who is among China's squad that won a gold medal in the 2,000-meter mixed relay at the home Olympics, finished her events on Saturday with two silver medals.

Fan clocked the women's 500 meters with 43.117 seconds, followed by her younger teammate Wang Ye with 43.176 seconds. At the awarding ceremony for the race, Fans kissed the ice surface again.

"I just love this ice so much," Fan, a three-time Olympian, told reporters after Saturday's races at the ISU short track World Cup event in Beijing. "As long as I have chances to compete, I will do my best."

Fan noted that now she is enjoying skating, thanks to the overwhelming support from Chinese fans.

"Their support means a lot to us. Now we are receiving massive attention from the fans compared to the past, which also boosted our confidence and performances," the 30-year-old said.

Fan's kiss on the ice surface at the Olympics was remembered as one of the emotional moments at the quadrennial event by Chinese short track fans.

Speculation was rampant that the Beijing 2022 Winter Olympics would be Fan's swansong, as she had not participated in any competition since.

Her return has been considered a boost for the Chinese women's short track team, which is currently in a rebuilding phase as it aims to return to the sport's top-tier.

Along with her younger teammates, Fan is also among the team that won a silver medal in the 2,000-meter mixed relay at the World Cup event. Her younger teammate Wang, who is just 18, has welcomed her return, crediting Fan who "strengthened" the whole team's confidence with competing.

Speaking about the winning inheritance of the short track team, which is the most successful Chinese winter sports team, Fan said it is not just "talk the talk."

"The inheritance is in their hearts to take on the task and responsibility to grow, rather than just talking out loud about inheritance," Fan said.

"It feels great to compete with my young teammates side by side. I hope these young athletes could participate in the World Cup, World Championships, the Olympics step by step and achieve better results."

Short track competitions are currently the most popular winter sports races in China, as the stadium hosting Chinese athletes often has near-capacity attendance drawn by the chance to witness the star-studded national squad.

Saturday's race saw Team China bag four silver and one bronze medals. The competitions will continue on Sunday, including a highly-anticipated men's 5,000-meter relay final.

China saw more than 40,200 deceased organ donations from 2015 to the end of 2022, with 120,100 major organs donated. Additionally, more than 6.55 million people have voluntarily registered for organ donations, according to the China Organ Transplant Development Foundation (COTDF).

The COTDF revealed the figure at the 7th China-International Organ Donation Conference and the Belt & Road Symposium on Organ Donation and Transplantation International Cooperation Development, which kicked off in Nanning, South China's Guangxi Zhuang Autonomous Region, on Saturday.

Currently, China ranks second in the world and first in Asia in terms of the number of organ donations, benefiting numerous patients in need. The COTDF said that 5,628 deceased organ donations were made in 2022, an increase of 6.75 percent compared to 2021.

More than 20,000 organ donations are made in Chinese mainland each year, ranking second in the world in terms of data. However, organ donors per million people (PMP) is less than 4 percent, which is far from satisfactory compared to the 47 percent in developed countries, Huang Jiefu, chairman of China Human Organ Donation and Transplantation Committee and chair of the COTDF Advisory Board, told the Global Times on Saturday.

He pointed out that there are not enough hospitals in China to satisfy patients' demand for organ transplants. "China currently has only slightly more than 70 hospitals that perform heart and lung transplants. Thus, there is still a shortage of doctors and hospitals to meet the needs of the people," said Huang.

In October, China's State Council held an executive meeting that adopted a draft revision to the regulations on donation and transplantation of human organs.

The government aims to establish a system for tracing and supervising the whole procedure of donating and transplanting human organs. It will enhance ethical reviews on how human organs are obtained and crack down on crimes involving human organs, according to the meeting.

Talking about the revision, Huang used the phrase "scraping poison off the bone" to describe the determination in China's organ donation reform.

He said that under the leadership of the central government, this reform has achieved significant victories and has been widely recognized by the international community. The revision of the regulation demonstrates the Party and the country's emphasis on organ donation, providing strong legal protection for the high-quality development of the organ donation cause, said Huang.

Huang said that the word "donation" carries special meaning. With the coming of the regulation, organ donations will be more transparent, and it also calls for more people to get involved in organ donations and transplants. In the future, it is hoped that China's organ transplantation technology will spread to more countries in the Belt and Road Initiative via the Organ Donation and Transplant under the Framework of the Belt and Road Initiative, said Huang.

Talking about China's recent achievements in organ transplantation, John Fung, president-elect of the Transplantation Society, told the Global Times that in terms of survival, China meets international standards.

"The primary accomplishment of China's transplant efforts is that a country that had very limited transplants 30 years ago is now able to compete with any other transplant program in the world in terms of quality," said Fung.

However, Fung also mentioned that the primary challenge in China is that "it has a very large population and still not enough access to transplants. There are many barriers to transplants for the common people in terms of costs as well as a shortage of organs."

Yet he said that China is getting there as the trajectory of donations in the country is increasing fast, thus he is confident that five years from now China will move to a much higher rate of donation.

The Belt & Road Symposium on Organ Donation and Transplantation International Cooperation Development held a launch ceremony, during which those in attendance agreed to establish a series of action plans in the areas of leadership, management, quality control and technological innovation in organ donations and transplantations based on the principles outlined by WHO Guiding Principles on Human Cell, Tissue and Organ Transplantation.

Through continuous strengthening of interaction, deepening of mutual trust, and fostering of friendship, the goal of self-sufficiency in organ donation will be achieved.

Fung also mentioned that there is an organized conspiracy on the international stage that tries to play down the accomplishments of China's organ donation experience, by feeding misinformation about transplants in China to further damage the country's reputation.

For example, a new wave of accusations of "organ harvesting" in China has emerged. Following some Western media reports from the China Tribunal, which accused the Chinese government of "harvesting organs from Falun Gong practitioners" and Uygurs "detained in camps" since June 2019, VICE magazine's France version also released a new report on the same topic on June 19, offering more so-called "evidence."

By digging into those stories, the Global Times has found out that such claims are lies interwoven by members of the Falun Gong cult, separatists from Xinjiang and overseas anti-China forces with the purpose to further paint China as a devil mistreating minorities in Xinjiang, to smear the country's organ transplantation and donation system and its anti-terrorism work in Xinjiang, and to instigate the international community to further pressure China.

In response to this recent slander, Huang said that China's reform on organ transplantation is to keep friends close and keep enemies closer. "You can never wake up someone who is pretending to be asleep… we are not afraid of those slanders, as long as what we are doing is justified and is on the right course."

Fung suggested that more publications about "China's organ transplantation be disseminated globally for people to understand that China complies with international standards and that their outcomes for transplantations are as good as anybody else's. As transplantation society president I will do my best to make it more open for the world to understand and appreciate w