Breaking the waves： developing China’s economy on the waterway with high quality.

　　Time flies, and 2022 is drawing to a close. In many unforgettable China voices, China moments and China stories, people feel the pulse of development.

　　In this year, big countries focused on innovation and development and bravely climbed the peak. Shenzhou XV was successfully launched, and the Struggler dived 10,000 meters deep. The C919 large passenger plane numbered B-919A set sail from Shanghai Pudong International Airport to Shanghai Hongqiao Airport, marking the official delivery of the world’s first C919 large passenger plane … …

　　This year, China’s economic giant broke the waves on the high-quality development channel.

　　Accumulate thickness into potential and take advantage of it.

　　Facing the stormy international environment and arduous domestic tasks of reform, development and stability, the CPC Central Committee with the Supreme Leader as the core United and led the whole party and people of all ethnic groups to overcome difficulties, intensified macro-control, steadily improved the quality of development, made fruitful achievements in scientific and technological innovation, comprehensively deepened reform and opening up, basically stabilized employment prices, effectively guaranteed food security, energy security and people’s lives, and maintained overall economic and social stability.

　　The economy withstood the pressure and continued to recover.

　　Since the beginning of this year, China’s economy has been affected by many unexpected factors, including global epidemic, high temperature and drought, etc. Under the action of a series of stable economic policies, the economy has continued to recover despite the pressure. The data shows that, according to preliminary accounting, the GDP in the first three quarters was 870.269 billion yuan, which increased by 3.0% year-on-year at constant prices, 0.5 percentage point faster than that in the first half of the year.

　　Consumption is the ultimate demand and has a lasting driving force for the economy. With the support of the policy of stabilizing growth and promoting consumption, China’s consumer demand has generally continued to recover, and its basic role in economic development has been gradually consolidated.

　　In the first three quarters, the contribution rate of final consumption expenditure to economic growth was 41.3%, driving GDP growth by 1.2 percentage points. From January to October, the online retail sales of physical goods increased by 7.2% year-on-year, 1.1 percentage points faster than that from January to September, and its contribution to market sales steadily increased.

　　From the perspective of investment, since the beginning of this year, all parties have actively promoted the implementation of the stable investment policy, and the effect has gradually emerged. In the first 10 months, investment in fixed assets increased by 5.8% year-on-year, investment in manufacturing industry increased rapidly, investment in infrastructure continued to rise, high-tech manufacturing industry grew better, and investment in people’s livelihood such as health care continued to increase.

　　From the perspective of foreign trade, China’s series of policies and measures to stabilize foreign trade and foreign investment have increased their effectiveness, and foreign trade has shown strong development resilience, making positive contributions to stabilizing the macro-economic market. In the first three quarters, the net export of goods and services contributed 32.0% to economic growth, driving GDP growth by 1.0 percentage points.

　　Meng Wei, deputy director and spokesperson of the Policy Research Office of the National Development and Reform Commission, said that China’s economy has withstood the impact of multiple unexpected factors at home and abroad, and has continued to maintain a recovery trend, and the foundation for stability has been continuously consolidated.

　　Accelerate the construction of a new development pattern

　　In November this year, at the Fifth China International Import Expo, the "warm camel" wearing traditional Peruvian national costumes attracted many visitors to punch in.

　　Ma Yuxia, one of the founders of "Warm Camel", introduced that in 2018, the Peruvian alpaca doll brand "Warm Camel" appeared in the first China International Import Expo(CIIE), which was quickly welcomed by consumers in China. Today, "Warm Camel" has established offline sales channels in Beijing, Shanghai and other cities, and sold online on e-commerce platforms, and the number of orders has increased significantly.

　　Against the background of insufficient momentum of world economic recovery, the 5th China International Import Expo(CIIE) still achieved fruitful results: the annual intentional turnover was 73.52 billion US dollars. The grand event was held as scheduled and was widely welcomed, which became a vivid portrayal of China’s accelerated construction of a new development pattern.

　　Through the window of China International Import Expo(CIIE), exhibitors fully feel the determination of China to share market opportunities with the world, and the new opportunities provided by the high-quality development of China’s economy to the world — —

　　China has a population of more than 1.4 billion and a middle-income group of more than 400 million. The consumption structure of residents is in the stage of continuous upgrading, and the per capita GDP has exceeded 12,000 US dollars. The market scale is large and the investment space is wide. China adheres to a high level of opening to the outside world, and speeds up the construction of a new development pattern with the domestic big cycle as the main body and the domestic and international double cycles promoting each other, which will increase confidence and contribute to boosting the world economy.

　　BMW Group Shenyang Lida Factory was put into production, Novo Nordisk increased its capital and expanded its production for the eighth time in Tianjin, and Panasonic Group transferred more business segments such as cold chain equipment production and sales to China … … This year, many foreign companies cast a vote of confidence for China’s economy with practical actions.

　　"At present, the uncertainty of world economic recovery is rising, and China firmly promotes high-level opening to the outside world, which shows that it has a little strength, market potential and policy synergy, which plays an important role in boosting market confidence." Gu Xueming, dean of the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce, said.

　　Long-term positive fundamentals have not changed.

　　Report to the 20th CPC National Congress of the Party pointed out that high-quality development is the primary task of building a socialist modern country in an all-round way. Development is the top priority of the party in governing and rejuvenating the country.

　　"From the next stage, although the international environment is complex and severe, and the domestic economic recovery faces many challenges, the fundamentals of China’s long-term economic improvement have not changed, and the basic characteristics of solid material foundation, vast market space, rich human resources and great development potential have not changed." Fu Linghui, spokesman of the National Bureau of Statistics, said.

　　Fu Linghui introduced that China’s economy has strong resilience, the total economic output ranks second in the world, the industrial system is complete, the supporting capacity is strong, and the advantages of super-large market scale are obvious, and it is fully capable of resisting various risk challenges. Domestic demand is expected to increase, and key industries are expected to continue to play a role. The leading role of innovation continues to emerge, and the effect of stabilizing economic policies continues to emerge. Generally speaking, external shocks are staged and will not change the general trend of China’s sustained economic development. Under the action of various policies and measures, the national economy will continue to recover.

　　2023 is the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China, and it is crucial to do a good job in economic work.

　　Politburo meeting of the Chinese Communist Party, who was held recently, emphasized that we should do a good job in stabilizing growth, employment and prices, effectively prevent and resolve major risks, promote the overall improvement of economic operation, achieve effective improvement in quality and reasonable growth in quantity, and make a good start for building a socialist modern country in an all-round way.

　　Dong Yu, executive vice president of Tsinghua University China Development Planning and Research Institute, said that the current task of stabilizing growth is very important. Implementing the spirit of this meeting and better coordinating epidemic prevention and control and economic and social development will help to further release economic and social vitality; Better overall planning of development and security, effective prevention and resolution of major risks will help to create better conditions for high-quality development, and realize the effective improvement of China’s economic quality and reasonable growth in quantity.

　　With the victory of the 20th National Congress of the Communist Party of China, the new journey of building a socialist modern country in an all-round way has taken solid steps, the new development concept has been deeply rooted in people’s hearts, the new development pattern has been accelerated, and the high-quality development hoof has made steady progress. In the future, China’s economic development prospects will be brighter.

　　(Beijing, December 13 th, by reporter Liu Kun)