In 2021, China's economic development and epidemic prevention and control remained a global leader, and the 14th five year plan achieved a good start. In 2022, facing the triple pressure of shrinking demand, supply shock and weakening expectation, what is the trend of China's economy? *** The relevant person in charge of the national development and Reform Commission said. In order to maintain the stable operation of the economy, last year, various regions and relevant departments issued a series of policies and measures to stabilize investment, promote consumption, cultivate and expand the domestic market. The consumer market continued to recover, investment maintained a growth trend, and domestic demand remained the main driving force of China's economic development. In 2021, the contribution rate of domestic demand to economic growth was 79.1%, an increase of 4.4 percentage points over the previous year. "In 2021, China's economic giant ship will be stable and far-reaching, the market scale will continue to expand, the supply level will continue to improve, the reform and opening-up will be further promoted, and people's lives will continue to improve. All these will help to lay a solid foundation for the development of domestic demand and continue to expand the development space of domestic demand in 2022." The person in charge said. The market scale is further expanded, and the development of domestic demand still has great potential. In 2021, China's GDP will reach 114 trillion yuan, an increase of 8.1%; The per capita GDP exceeded US $12000, which is expected to exceed the global per capita GDP level; The scale of commodity consumption market ranks second in the world; New urbanization was further promoted, and the urbanization rate of permanent residents reached 64.72%, an increase of 0.83 percentage points over the end of the previous year. "China's economic development and epidemic prevention and control remain a global leader. In the future, China's super large-scale market advantages will continue to appear, and the potential of domestic demand will continue to be released." The official said. The quality of supply has been continuously improved, and the virtuous cycle of supply and demand has become more smooth. In 2021, the supply side structural reform continued to deepen, the industrial Internet, big data, intelligent manufacturing, reverse customization and other applications were promoted, and the cultivation of new industries and new products was accelerated. China has built the world's largest 5g independent networking network. In 2021, the shipment of 5g mobile phones reached 266 million, an increase of 63.5%. The production and sales of new energy vehicles are booming. In 2021, the production and sales of new energy vehicles in China reached 3.545 million and 3.521 million respectively, an increase of 159.5% and 157.5% respectively. "Looking forward to 2022, China's advantages of sound industrial system, stable production capacity and continuously improving enterprise innovation ability will play a stronger leading and creative role in demand." The person in charge said. People's living standards continued to improve, and residents' Consumption Willingness gradually rebounded. In 2021, employment will remain basically stable and the income level of residents will continue to increase. Urban employment increased by 12.69 million, an increase of 830000 over the same period last year; In December, the national urban unemployment rate was 5.1%, 0.1 percentage points lower than the same period last year; China's per capita disposable income grew by 8.1% in real terms, basically in line with economic growth. The basic pension level of retirees will be raised again in 2021.5%; Basic endowment insurance and basic medical insurance cover 1.03 billion and 1.36 billion people respectively, with the participation rate of more than 90% and 95% respectively. In 2021, the Engel coefficient of national residents was 29.8%, a decrease of 0.4 percentage points over the previous year. "In the context of multi-point spread of the epidemic, China has better guaranteed people's lives and laid a good foundation for further promoting the sustained recovery of residents' consumption will." The person in charge said. Reform and opening up have advanced in depth, and the driving force for the development of domestic demand has been further strengthened. In 2021, we will orderly promote the construction of a unified national market, carry out comprehensive reform pilot of market-oriented allocation of factors, plan to build a modern circulation system, and further enhance the vitality of market players. China's market players will reach 150 million, and the activity of enterprises will remain at about 70%. All regions and departments have earnestly implemented policies and measures to stabilize foreign trade, continued to reduce the negative list of foreign investment access, and improved the level of cross-border trade and investment facilitation. In 2021, China's import and export scale exceeded US $6 trillion, and the scale of foreign capital utilization exceeded US $1.1 trillion, all reaching a record high. "The dividends of reform and opening up will continue to be released to inject more impetus into the development of domestic demand." The official said that it should be noted that the epidemic situation continues to restrict the recovery of consumption, the foundation for the development of domestic demand is still not solid, and the growth momentum is still insufficient. Next, in accordance with the deployment of the CPC Central Committee and the State Council, we should deepen the supply side structural reform, firmly implement the strategy of expanding domestic demand, strive to promote the sustained recovery of consumption, actively expand effective investment, continuously enhance the endogenous driving force of economic development and maintain the economic operation within a reasonable range on the basis of scientific and accurate epidemic prevention and control. (Xinhua News Agency)