🚀 The Chinese mainland's economy is on an upward trajectory, with spokesperson Lou Qinjian expressing strong confidence in its long-term prospects. Speaking at a press conference held at the Great Hall of the People in Beijing, Lou highlighted the country's robust economic foundation and immense potential.
📈 Resilient Economic Growth
In 2024, the Chinese mainland achieved a remarkable GDP of over 130 trillion yuan (approximately $17.8 trillion), marking a 5% growth rate. This impressive performance underscores the economy's resilience, even amidst external challenges.
Lou emphasized that the stability is backed by a vast market size and a comprehensive industrial system, which are crucial for sustained development. The ongoing reforms and higher-level opening-up measures introduced during the Third Plenary Session of the 20th Communist Party of China (CPC) Central Committee have further energized economic vitality.
💼 Boosting the Private Economy
Progress is also being made in strengthening the private sector. The Private Economy Promotion Law is under review by the NPC Standing Committee, aiming to create a more favorable environment for private businesses. This legislation focuses on the principles of \"two unwavering commitments\" and promoting \"two healthy developments,\" which are designed to enhance entrepreneurial confidence and drive growth.
With emerging industries flourishing and new growth drivers in place, the Chinese mainland is set to maintain its strong economic momentum. Opportunities abound for young professionals, entrepreneurs, and investors looking to tap into this dynamic market.
Reference(s):
NPC spokesperson expresses confidence in China's economic prospects
cgtn.com
