'China Navigator' Kicks Off This Year with Its First Event
Exploring Response Strategies Based on Announcements from China’s Two Sessions
In the context of intensifying US-China hegemony competition, an event was held to explore economic and industrial trends where Korean companies can seize opportunities based on this year’s policy changes in China.
KOTRA announced on the 2nd that it will hold a webinar titled "Trends in China’s Economy, Industry, and Science & Technology Policies through the 2025 Two Sessions" on the 3rd. This is the first event of this year’s "China Navigator Series" hosted by KOTRA’s Beijing Trade Center, designed to analyze major economic, industrial, and science & technology policies announced at China’s Two Sessions and to seek response strategies for Korean companies.
Samsung Electronics Chairman Lee Jae-yong and SK Hynix CEO Kwak No-jung, among others, attended a meeting with Chinese President Xi Jinping and global company CEOs at the Great Hall of the People in Beijing, China, on the 28th of last month (local time). Photo by Yonhap News
At this year’s Two Sessions, the Chinese government emphasized growth strategies centered on boosting domestic demand and technological innovation, highlighting the development of "new quality productive forces" through proactive fiscal policies and fostering future and emerging industries. This webinar focuses on analyzing changes in China’s macroeconomic policies and emphasizes response measures for Korean companies.
In the economic policy explanation session, Tang Duoduo, head of the Macroeconomic Research Office at the Chinese Academy of Social Sciences, will deliver a presentation. Head Tang forecasted, "The Chinese government will maintain an economic growth rate around 5% and will pursue active economic stimulus measures to defend against economic slowdown." He will also introduce plans for infrastructure investment and consumption promotion using this year’s ultra-long-term special government bonds (1.3 trillion yuan) and special government bonds (500 billion yuan).
Kim Jaeduk, head of the Beijing Support Office at the Korea Institute for Industrial Economics & Trade, will explain China’s strategic emerging industry development and industrial upgrading direction under the "self-reliance and self-strengthening (自立自强)" policy. Kim analyzed, "National-level research and development (R&D) support will expand in strategic technology fields such as commercial aviation, low-altitude economy, bio-manufacturing, quantum technology, embodied intelligence (EI), artificial intelligence (AI), and smart robots, and public-private cooperation projects will become more active."
Hwang Jaewon, head of KOTRA’s China Regional Headquarters, stated, "China’s policy changes act as an important variable in establishing Korean companies’ China strategies," adding, "We hope this webinar will provide practical help for our companies to discover new opportunities in the Chinese market and respond strategically."
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