The report, jointly released by the Chongyang Institute for Financial Studies at Renmin University of China and cooperative think tanks from the United States, Russia, Canada and India, highlights the “compounding interest” in China’s development.

Continued progress in China’s modern development could lead to challenging but stable growth, fuelling the country’s sustainable prosperity. The report says China’s “compound interest” development is characterised by stable income levels, long-term accumulation and sustainability.

China’s modernisation dynamics, based on the principles of innovation, in-depth reform, openness and green development, are focused on initiatives. The report also forecasts further progress in the areas of per capita income, international exchange, global enterprise competitiveness and environmental sustainability in China by 2035. This is reported by
CCTV+, a partner of TV BRICS.

Some experts suggest that international co-operation in the field of artificial intelligence will increase, which will benefit the whole world.

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