Understanding the "Golden Value" of China's Economy (People's Forum) China | Trade | Economy

Entering summer, the consumer market is booming. The recovery of parent-child travel and inter provincial travel is significant; Night economy activities such as going to night markets, having late night snacks, and taking boat trips are enriching new urban business models. The bustling summer consumption reflects the vigorous vitality of China's economic development.

The perceptible micro scenario confirms the macroeconomic recovery and improvement. On July 17th, the Economic Data released by the National Bureau of Statistics showed that the economic growth rate of 5.5% in the first half of the year was significantly faster than the economic growth rate of 3% for the entire year last year, and also faster than the average annual growth rate of 4.5% over the three years of the epidemic. This not only indicates that the Chinese economy is gradually getting rid of the impact of the epidemic and returning to a normal track of operation, but also shows a clear trend of economic growth recovery, which shows a higher "gold content".

This "golden value" is reflected in the enormous development resilience. The optimization of trade structure provides fresh footnotes for it. Since the beginning of this year, the global economic recovery has been weak, and the sluggish global trade inevitably affects China's import and export growth. In this context, China's exports of "new three types" products, represented by lithium batteries, solar cells, and electric passenger vehicles, increased by 61.6%. The proportion of general trade imports and exports with high added value increased to 65.5% of the total import and export volume. New forms of foreign trade such as cross-border e-commerce are developing rapidly, which not only effectively hedges the pressure of shrinking external demand, but also further promotes trade diversification. In fact, the will to always overcome various risks and challenges, and the ability to flexibly respond to external pressures and complete self iteration and upgrading are precisely the strong resilience of the Chinese economy. From a global perspective, China's economic growth rate in the first half of the year was relatively fast among major economies, providing important support for global economic development; Based on the current and long-term perspective, as long as we maintain strategic composure and enhance development confidence, we are fully capable of promoting the stable and far-reaching development of the Chinese economy on a high-quality development track over a long period of time.

This "golden value" is reflected in the surging development vitality. In these days, the second domestically produced C919 large passenger aircraft has officially entered China Eastern Airlines' fleet, and the commercial operation of domestically produced large passenger aircraft has accelerated. Since the beginning of this year, the first domestically produced large cruise ship has been docked, the Long March 2D carrier rocket has set a record for the highest number of satellites launched in a single launch in China, and the world's first demonstration project of "Hualong 1" has passed the completion acceptance... Innovative development releases new momentum for high-quality development. From this perspective, the rebound of the Chinese economy reflects structural optimization and a shift in development mode. In the first half of the year, investment in high-tech industries increased by 12.5% year-on-year, production of new energy vehicles increased by 35%, and the contribution rate of final consumption expenditure to economic growth exceeded 70%. This indicates that the Chinese economy not only continues to expand in scale, but also places greater emphasis on improving quality and efficiency; Not only does it undergo overall physical changes in the rational increase of quantity, but it also generates profound chemical reactions in the effective improvement of quality. With the growth and growth of new driving forces and the steady improvement of development quality, the Chinese economy will continue to evolve towards a stage of higher form, more complex division of labor, and more reasonable structure.

The strong wind reveals the strong grass, and the fierce fire reveals the true gold. We should be aware that China is currently in a critical period of economic recovery and industrial upgrading, with structural problems and cyclical contradictions intertwined and overlapping.

After many storms, people do not grow old, and the road to Guanshan is still long. The Chinese economy has always developed through overcoming challenges, growing through trials and tribulations, and growing through trials and tribulations. Challenges may seem like obstacles in the short term, but in the long run, they are a ladder for China's economy to move towards a higher level of development. On the basis of the recovery and improvement in the first half of the year, we have a deep understanding of new situations and problems, timely improved policy measures, and truly stimulated the advantages and vitality of all aspects. We have full confidence, conditions, and ability to achieve the expected goals and tasks of economic and social development for the whole year.