On October 23, an article entitled China: A Partner in Progress, a Partner in Opportunity authored by H.E. Chu Maoming, Chinese Ambassador to Dominica, was published in Dominica’s mainstream newspapers The Chronicle and Sunday Pulse. In the article, Ambassador Chu draws on objective facts to help people in Dominica gain a more comprehensive understanding of China’s economy and appreciate the mutually beneficial, win-win nature of our economic and trade cooperation.
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The annual Creole Festival kicked off in grand style this month. Along the bustling streets, people of all ages could be seen dressed in outfits featuring Creole designs and motifs, browsing a wide variety of festival merchandise and souvenirs at roadside stalls. Many of these creatively designed, well-crafted products are conceived and made by local businesses, reflecting the vibrant vitality of Dominica’s cultural and creative industries.
Not long ago, I had my home leave and went back to China. I was greeted by an equally dazzling array of everyday consumer goods, many packaged and ready for export to overseas markets. Finely made and affordably priced, these products make everyday life more convenient for people in China and around the world, including the people of Dominica.
Looking at the global industrial landscape more broadly, we see Chinese solar panels being used by farmers in rural Germany and the Netherlands to build innovative fences that both protect livestock and generate clean electricity. In industrial parks across Southeast Asia, a steady stream of Chinese components is rapidly assembled into electronic products that sell around the world. From everyday consumer goods to new-energy equipment, and from small light-industrial products to advanced, high-tech manufacturing, Chinese-made products—known for their quality, affordability, and reliability—have become deeply integrated into the livelihoods and industrial systems of countries worldwide. They continue to improve people’s quality of life and power the growth of the global economy.
Yet the global economic recovery remains far from smooth. Countries everywhere are grappling with questions of growth, industrial competitiveness, and economic and trade cooperation. International discussions have also seen differing interpretations of China’s industrial model, trade relationships, and domestic demand, some of which offer only a partial picture. Today, I would like to draw on objective facts to help friends in Dominica gain a more comprehensive understanding of China’s economy and appreciate the mutually beneficial, win-win nature of our economic and trade cooperation.
First, where does the competitiveness of Chinese manufacturing come from?
Some attribute the competitiveness of Chinese products to all-around government subsidies or exchange-rate advantages. This, however, conflates legitimate policy support with practices that violate the rules.
China’s industrial subsidies are primarily directed toward public-interest areas such as technological research and development, the green transition, and industrial upgrading. They comply with World Trade Organization rules and are consistent with internationally accepted practices. Such support is equitable and broadly accessible, designed mainly to guide development rather than dictate market outcomes. It is also adjusted dynamically in response to market conditions, with domestic and foreign-invested enterprises treated equally.
As for the exchange rate, China has long maintained a managed floating exchange-rate regime based on market supply and demand, with reference to a basket of currencies. This approach helps safeguard stability in the global financial and trading order.
To drew a conclusion, the competitiveness of Chinese industry stems from its ability to deliver efficiently. China’s comprehensive industrial system, vast domestic market, and vibrant innovation ecosystem combine to create a unique set of strengths. These enable China to provide comprehensive, one-stop solutions while tailoring supply to the specific needs of different markets. Far from engaging in a “race to the bottom,” China is pursuing a “race to the top”—moving up the value chain and toward higher-end manufacturing.
Second, what does China’s market bring to the world?
It delivers three major benefits. First, China’s stable production capacity helps keep global industrial goods prices in check, while reducing energy consumption and overall production costs for countries around the world. Second, China’s vast domestic market provides exporters worldwide with ample opportunities, helping keep global production and sales networks flowing smoothly. Third, China’s continuously advancing industrial technologies bring high-quality products and advanced supporting technologies to international markets, empowering other countries to innovate and upgrade their industries.
It is particularly important to emphasize that China is not merely an exporter. It is also a major buyer of products from many developing countries. Local Dominican products—including beautifully crafted Creole-inspired handicrafts and creative souvenirs, as well as natural, sustainably grown agricultural produce—could also become highly sought-after products in the Chinese market. We would be delighted to help bring a wider range of Dominican products to China, giving Chinese consumers the opportunity to appreciate their distinctive artistic appeal and cultural charm.
Third, what underpins the resilience of China’s economy?
In the first three quarters of 2026, despite a complex external environment, China’s gross domestic product exceeded 107 trillion yuan, a year-on-year growth of 4.6%. How has China’s economy repeatedly weathered multiple pressures while maintaining stable overall performance, developing new growth drivers, upgrading its economic structure, and improving both quality and efficiency? On the one hand, consumption has become the primary driver of economic growth. China’s vast domestic market, coupled with the rapid expansion of service consumption and new forms of consumption, makes it one of the world’s most promising growth engines. On the other hand, new quality productive forces are emerging as a core driver of China’s economic development. China is accelerating investment and development in new growth areas, including artificial intelligence, commercial spaceflight, and bio-medicine. As a result, the foundations of the Chinese economy are becoming more solid, its growth momentum stronger, and its economic structure more advanced.
These strengths also create development opportunities for Dominica. As living standards rise in China, overseas travel continues to gain popularity. The nature island’s breathtaking natural landscapes, rich cultural heritage, and vibrant cultural festivals are attracting growing numbers of Chinese visitors eager to experience the island for themselves. Meanwhile, cooperation between our two countries is deepening in emerging fields that embody new quality productive forces, including the digital economy, green energy, and agricultural technology. The stronger China’s development becomes, the more opportunities it creates for countries around the world, including Dominica.
Partnering with China and Embracing Opportunity
Looking across the globe, we can see that the world economy retains considerable resilience and offers significant opportunities. Emerging markets are becoming new engines of global growth. The green transition is generating substantial new demand, while digital technologies, artificial intelligence, and other innovations are finding practical applications and opening up new avenues for industrial development.In these fields, China is not only a reliable supplier but also a sincere partner, ready to move forward alongside others.
China remains firmly committed to opening up to the outside world and upholding the principle of mutual benefit and win-win cooperation. We will never seek to shift our crises onto others, nor will we engage in destructive competition. Instead, through high-quality development at home, we aim to inject greater certainty, stability, and positive momentum into the global economic recovery.
In recent years, China–Dominica cooperation in trade, culture, and other fields has continued to bear fruit. I look forward to partners from all sectors in both countries continuing to work hand in hand, expanding the benefits of our cooperation and deepening the roots of our friendship.
