Chongqing- "After the pandemic stabilized and our supply chain recovered, we believe that our order volume in 2023 will be significantly higher than in 2022," said Jiang Wen, Information Senior Manager at Zonsen Industrial Park. "We are confident about this."

Based on the resilience and potential of its economy, analysts believe China will continue to be a reliable and significant contributor to global economic growth in 2023, Xinhua reports.

In spite of multiple challenges this year, China has maintained the overall stability of its economy by effectively coordinating COVID-19 policy with economic and social development, and introducing a series of stimulus packages to support enterprises, stabilize consumer prices, and boost confidence among global investors.

According to Jiang, Zonsen Power produces roughly four to five million machines yearly, mainly for export to North America. Products including gasoline engines, power machines, water pumps, and electrical generators see a soaring number of orders.

Zonsen Group, a local enterprise in Chongqing, is transforming from the traditional manufacturing industry to the integration of industry, finance, and internet business, and striving to build a leading industrial internet ecological platform in the world.

Currently, the Western (Chongqing) Science City is the most ambitious construction project in western China regarding industrial upgrading and technological innovations. Construction is continuing in an orderly manner, with workers being organized to live and work safely.

“Up to the end of December, 10% of the total project works will be done,” said Qi Hui, Deputy General Manager of PowerChina Chongqing Urban Construction and Development Co., Ltd. "In the next step, we will prepare the main steel structure by procuring processing and transporting materials as well as installing them on site."