China’s quality development is deeply smooth, stable

BEIJING, October 20, 2022 /PRNewswire/ — China the economy is stable and growing.

During the 20th National Congress of the Communist Party of China (CPC), an official of the National Development and Reform Commission told a press conference that judging from the current situation, China the economy rebounded significantly in the third quarter and, from a global perspective, China the economic performance is still remarkable. Although affected by changes in the internal and external environment, there are still contradictions and outstanding issues in the current economic functioning. However, China has a population of more than 1.4 billion and associated with basic conditions such as a complete industrial system and a complete industrial chain, “China economic stabilization and improvement will be further consolidated.”

We have noticed that the assessments that some well-established international agencies have made recently on China the economy coincides with China own remarks. A well-known consulting firm said most preliminary economic data indicated that China the economy recovered in the third quarter. Experts from the Economist Intelligence Unit also believe that in relation to the economic difficulties of various countries around the world, “China has unique advantages at the moment”, which allows China the economy to maintain positive growth even in the face of strong internal and external pressures.

If we observe the Chinese economy from the perspective of quality development, we will see the continuous development and improvement of the Chinese economy. In recent years, although the growth rate of China the economy has declined somewhat compared to certain periods in the past, its economic structure has been continuously optimized and its development momentum has strengthened. In particular, the development speed of high-tech industries is equivalent to double the average development speed of the whole industry. Some major technological fields have made their way to the global frontier, transformed by innovation-driven factors instead of factors such as land, capital, and labor in the past. At the same time, energy consumption per unit of GDP continued to decline. The sky is bluer, the mountains are greener and the water is clearer. Although facing temporary challenges and difficulties, China strengthened its ability to overcome the difficulties of its economy.

The report to the 20th CPC National Congress stressed that “To build a modern socialist country in all respects, we must, above all, pursue high-quality development.” If the Chinese people want to live a better life and if the Chinese nation is to realize its great rejuvenation, maintaining economic growth is of course very necessary. At the same time, the Chinese people have a broader and more comprehensive understanding of growth. And quality development is a new concept in which “innovation is the prime mover, coordination is an endogenous trait, environment-friendly growth prevails, openness to the world is the only way, and shared growth is the ultimate goal.” It is also China proactive pursuit of compliance with the laws of economic development, adaptation to changes in major social contradictions, and maintenance of sustainable and healthy economic development.

The giant ship China has always pointed in a specific direction, never deviating or turning around. In the new era, the CPC, in accordance with changes in inner and outer reality, has taken precautions and foresight to expand and develop the experience accumulated over the past decades, and then established a new development concept and plan. strategic, which is coherent and compatible with the direction of past development.

Although China is already the second largest economy in the world, its per capita income is still far behind that of developed countries, which means more room for economic growth.

Implementing the spirit of the report to the 20th CPC National Congress, insisting that development is the “first priority” and high-quality development as the “main task”, we have many reasons to maintain confidence. in the Chinese economy.

World times: https://www.globaltimes.cn/page/202210/1277525.shtml

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SOURCE World Time

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