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. 

Harbin in Northeast China's Heilongjiang Province has experienced a recent boom in its tourism sector, boosting listed companies related to the tourism sector.

The popularity of Harbin has had a significant impact in the field of winter tourism. Stocks related to tourism, such as Dalian Sunasia Tourism Holding and Changbai Mountain Tourism Co have surged in recent days. Other tourism-related stocks, including Wuhan Sante Cableway Group Co and Zhang Jia Jie Tourism Group Co, have also followed the upward trend.

Changbai Mountain Tourism Co disclosed in a filing on Thursday that Changbai Mountain scenic area in Northeast China's Jilin Province reported a year-on-year increase of 260.5 percent in the number of tourists in 2023, a 9.4 percent increase compared to the same period in 2019.

In addition to the tourism sector, shares related to the revitalization of Northeast China also remained active in the stock market. Companies such as Heilongjiang Transport Development Co, Longjian Road & Bridge Co, and Zhongxing Shenyang Commercial Building Group Co saw significant gains in Thursday trading. 

Harbin has been trending on various platforms, attracting a large number of tourists for its snow activities and the hospitality of local people. 

According to data from the local tourism bureau, during the New Year’s Day holidays, Harbin received a record-breaking 3.04 million tourist visits, generating total tourism revenue of 5.91 billion yuan ($826.48 million). This marks a high point, both in the number of tourists and tourism revenue. 

Harbin Taiping International Airport also achieved a new high in 2023, handling a total passenger throughput of 20.80 million, surpassing the previous record of 20.78 million in 2019.  

The positive trend extends beyond Harbin to the entire province of Heilongjiang. During the New Year’s Day holidays, the province received a total of 6.61 million tourist visits, a year-on-year increase of 173.7 percent, surpassing the national growth rate by 18.4 percentage points. Tourism revenue in Heilongjiang reached 6.92 billion yuan, a year-on-year increase of 364.7 percent, surpassing the national growth rate by 164 percentage points.

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