President Xi: Chinese Economy Is A Sea, Not A Pond

A fully optimistic attitude can be held towards the prospects of China’s economic development, Chinese President Xi Jinping said on Monday.

 

“The Chinese economy is a sea, not a pond. Storms can overturn a pond, but never a sea,” Xi said.

 

President Xi made the remarks at the opening ceremony of the China International Import Expo (CIIE) on Monday in the country’s financial hub Shanghai.

 

China’s gross domestic product (GDP) expanded 6.7 percent year-on-year in the first three quarters. In the third quarter alone, China’s GDP rose 6.5 percent year-on-year, meeting the expected goals. The grain output is expected to maintain over 600 billion kilograms this year. Some 11.07 million new jobs were created from January to September, completing the annual target three months early.

 

China’s economic outlook maintains positive as the fundamentals of China’s economy, factors and conditions supporting the high-quality development and overall trend of sound and steady development remain unchanged. The macro-control ability enhanced and the country’s reform and opening up gathered new momentum. Investment and trade cooperation with countries along the Belt and Road also accelerated.

 

Amid uncertainties in the global economic climate, China’s economy encountered a few problems and conflicts, with difficulties and challenges rising in some sectors. However, the world’s second-largest economy is actively tackling these issues, and the results have been witnessed in the recent past.

 

Moving forward, China will continue to deepen and enhance the reform and opening up process in a comprehensive way and advance the supply-side structural reform, leading the Chinese economy on a high-quality development track.

 

Source: CGTN