Chinese economy to maintain stable, positive growth

2018-08-16
Xinhua

BEIJING — The Chinese economy is on a solid footing to maintain a stable and positive trend despite a complicated domestic and external environment.

The quality of China’s economic growth has improved significantly with strengthened resilience and sustainability, said Zhang Liqun, a researcher with the State Council’s Development Research Center, in a written article published in People’s Daily on Aug 16.

China has established a trend of stable economic growth as its GDP growth has remained within the range of 6.7 percent to 6.9 percent for 12 quarters.

As the trend of global economic recovery has become clear, China’s export will maintain its growth momentum with some fluctuations despite rising trade and investment protectionism.

Zhang also cited the progress of urbanization, increased industrial capacity utilization, rising corporate profitability and active domestic consumption as factors to support China’s stable and positive economic growth.

“Challenges still exist including changes in the external environment and corporate financing difficulties. However, these will not change the stable and positive trend, and financial risks are controllable as China’s macro-control policies will gradually take effect,” noted Zhang.

In the future, China should continue to foster new growth impetus, enhance innovation, strengthen corporate competitiveness, deepen reform, expand opening-up, improve macro-control and keep liquidity reasonable and abundant, Zhang said.