China’s industrial modernization is “China opportunity 2.0” to the world | Part 3

■This video is the third and final episode in a series that interprets the latest official document from the Ministry of Commerce of China regarding the so-called excess capacity issue. It answers the question of what exactly drives the continuous growth and development of China’s modern industrial system.The rapid growth of China’s modern industries is driven by innovation.China’s steady, healthy industrial performance relies on continued, deep-going reform. ■More importantly, China’s industrial modernization is “China opportunity 2.0” to the world, not “China shock 2.0”.China stands ready to work with all parties to make the global economy more sustainable and universally beneficial, promote common prosperity for the world, and ensure that development outcomes benefit all peoples. ■Some images are generated by AI.