Based on current political hot topics, let’s talk about the new changes in various undertakings in our country since the 18th National Congress of the Communist Party of my country.

This is a hard-won report card - since the 18th National Congress of the Communist Party of China, in the face of complex economic situations at home and abroad, the Party Central Committee and the State Council have responded calmly, made decisive decisions, and persisted in seeking progress while maintaining stability. The general tone of the work is closely centered on the theme of scientific development and the main line of accelerating the transformation of the economic development model, coordinating stable growth, adjusting structure, and promoting reform, leading the Chinese economy to ride the wind and waves, and continue to write a wonderful chapter in the new season.

China’s economy has overcome many unfavorable factors at home and abroad, and has further formed a situation of stability and improvement

If we draw a curve for China’s economic trend, we can find that in this year’s complex and changeable domestic Under the external economic situation, our country's economy has successfully achieved a V-shaped rebound.

The latest export data shows that my country’s total import and export volume increased by 6.5% year-on-year in October this year, a significant rebound from the 3.3% growth rate in September. At the same time, exports increased by 5.6%, driven by Negative to positive.

“The recovery of overseas demand has promoted a significant rebound in exports in October. As developed economies such as Europe and the United States have entered the traditional peak season of consumption and production, it is expected that my country’s foreign trade will continue this good trend in the next two months. Momentum." Li Jian, a researcher at the Ministry of Commerce Research Institute, pointed out.

The China Manufacturing Purchasing Managers Index (PMI) released in November also confirms the trend of China's economic stabilization and recovery from another aspect. Data show that the PMI in October was 51.4%, rising for four consecutive months and hitting a new high in 18 months.

“The GDP growth rate dropped from 7.7% in the first quarter to 7.5% in the second quarter, and then rebounded to 7.8% in the third quarter. It can be said that the current Chinese economy has not only eliminated the risk of a 'hard landing', And it will maintain a steady growth trend for a long time," said Lian Ping, chief economist of Bank of Communications.

China’s hard-won economic report card over the past year has benefited from the gradually recovering external environment on the one hand, and is inseparable from the steady economic policies introduced this year.

“The overall situation of a good agricultural harvest has been determined, industrial upgrading has made positive progress, urban employment continues to increase, and residents’ income continues to rise. The formation of this situation is the active interaction of my country’s policies to promote reform, adjust structure, and stabilize growth this year. The result." Liu Shiguo, a researcher at the Institute of World Economics, Chinese Academy of Social Sciences, believes.

Facing the complicated domestic and international environment, since this year, the country has taken measures that not only stabilize the current situation but also benefit the long-term. In the context of tight fiscal revenue growth and tight market liquidity, macroeconomic policies neither expanded the deficit nor relaxed monetary policy, maintaining the stability of fiscal and monetary policies. At the same time, measures to streamline administration and delegate power were introduced to effectively mobilize private investment and corporate vitality.

The continued improvement of the economy has also allowed foreign-funded institutions that had previously "sung negative" opinions on China to give positive evaluations of China's economy again. Citibank recently raised its forecast for China's economic growth this year from 7.4% to 7.6%, and UBS Group raised its full-year GDP growth forecast from 7.5% to 7.6%.

“Because the economic growth potential is still there, structural reforms have unleashed economic vitality, and macroeconomic control policies are effective, China’s economy will maintain a trend of steady improvement and steady progress in the coming period.” The central bank’s third quarter Monetary Policy Implementation Report believes.