As we approach the end of 2024, China's economic ship has embarked on a new crucial journey——
From achieving a good start in the first quarter, to increasing downward pressure in the second and third quarters, and then to strengthening the momentum of recovery in the fourth quarter, although there have been fluctuations in the operation of the Chinese economy this year, the overall situation is stable and steady with progress, and the trend of recovery and improvement continues to emerge.
The road ahead is by no means smooth. Looking around, the international environment is becoming more severe and complex, with insufficient momentum for global economic growth, and some countries continuing to intensify their containment and suppression of China. Focusing on the internal situation, there is a lack of effective domestic demand, and the economy is experiencing differentiation. There are still many risks and hidden dangers in key areas, and there are pains in the transition from old to new driving forces.
Facing difficulties squarely, strengthening confidence, and effectively enhancing the sense of responsibility and urgency to do a good job in economic work, "pointed out the meeting of the Political Bureau of the Communist Party of China Central Committee.
At present, China is at a critical stage of accelerating the pace of transformation and upgrading and striving to promote high-quality development. It is also at a critical stage of comprehensively promoting the great cause of building a strong country and national rejuvenation with Chinese path to modernization.
Critical periods require critical choices.  
（1） Strive to achieve the annual economic and social development goals and tasks
On October 29th, Beijing, the Central Party School of the Communist Party of China (National School of Administration). The special seminar on studying and implementing the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China for provincial and ministerial level leading cadres is held here.
We will effectively carry out various tasks in the next two months and strive to achieve the annual economic and social development goals and tasks, "General Secretary Xi Jinping emphasized at the opening ceremony.
Achieving this year's economic and social development goals and tasks concerns the overall situation of current economic and social development, the smooth conclusion of the 14th Five Year Plan next year, and the overall situation of comprehensively promoting the construction of a strong country and national rejuvenation with Chinese path to modernization.
Go all out towards the goal.
The complexity, challenges, and severity faced by China's development have not been seen for many years.
The higher the wind and the more turbulent the waves, the more it demonstrates the resolute and decisive leadership of the navigator.
In depth analysis, accurate judgment, and scientific decision-making... Faced with new situations and problems in the current economic operation, General Secretary Xi Jinping presided over a series of important meetings, put forward a series of clear requirements, and deployed a series of major measures.
Frontline research and perception of warmth and coldness. From domestic inspections to foreign visits, General Secretary Xi Jinping has a profound insight into the development trend of the world economy, deeply observed the pulse of China's economic body, more accurately positioned the era coordinates of China's economy, and more precisely adjusted the forward route of China's economic ship.
On September 26th, in Zhongnanhai, Beijing. General Secretary Xi Jinping presided over the meeting of the Political Bureau of the Communist Party of China Central Committee.
Since the second quarter, especially entering the third quarter, the growth rate of major economic indicators has fallen, the stock and real estate markets have been under pressure, some investors lack confidence, market expectations have weakened, and concerns have spread both domestically and internationally.
This is a very important meeting held at a critical juncture and moment, where the important guidance of the Party Central Committee on economic work demonstrates its backbone and role as a guiding principle.
The meeting released a strong signal to stabilize the overall economic development and continue the long-term positive trend, including "effectively implementing stock policies, strengthening the introduction of incremental policies," "increasing the countercyclical adjustment of fiscal and monetary policies," "promoting the stabilization of the real estate market," "striving to boost the capital market," and "helping enterprises overcome difficulties and further regulate law enforcement and regulatory behavior related to enterprises.
Before and after the meeting, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Housing and Urban Rural Development, the People's Bank of China, the State Administration of Market Supervision, the State Administration of Financial Supervision, the China Securities Regulatory Commission and other departments issued a package of incremental policies.
Reduce reserve requirement ratio and interest rate, lower down payment ratio for housing loans, and lower interest rates for existing housing loans; Establishing securities, funds, and insurance company exchange facilities, creating stock buybacks and special refinancing loans for increasing holdings; Organize special inspections and targeted spot checks on illegal fees charged by enterprises, accelerate the progress of refunding illegal fees... A set of policy combinations that combine problem oriented and goal oriented approaches, balancing short-term effects and long-term layout.
According to foreign media evaluations, this is the strongest economic regulation measure in China in recent years, indicating that China is striving to achieve its annual economic growth target.
On November 8th, at the Great Hall of the People in Beijing. The 12th Meeting of the Standing Committee of the 14th National People's Congress voted to pass a resolution approving an increase of 6 trillion yuan in the local government debt limit to replace the existing implicit debt.
At the same time, starting from 2024, China will allocate 800 billion yuan annually from newly added local government special bonds for five consecutive years to supplement government funds, specifically for debt conversion, with a cumulative replaceable implicit debt of 4 trillion yuan. The implicit debt of 2 trillion yuan for shantytown renovation due in 2029 and beyond will still be repaid according to the original contract, and there is no need to repay it in advance.
This timely policy will greatly alleviate the pressure of localized debt, freeing up more resources for economic development in various regions and boosting the confidence of business entities.
Stabilize growth, promote development, take active actions in all aspects, seek new strategies, and implement practical measures: implement large-scale equipment updates and consumer goods trade in programs; Introduce an effective action plan to reduce logistics costs for the entire society and focus on improving economic efficiency; Release opinions on stimulating the vitality of the ice and snow economy, clarifying that by 2027, the total scale of China's ice and snow economy will reach 1.2 trillion yuan; Adopting measures such as expanding the underwriting scale and coverage of export credit insurance, increasing financing support for foreign trade enterprises, and optimizing cross-border trade settlements to promote stable growth in foreign trade; Focusing on deepening economic system reform and high-quality development, we will leverage the role of the People's Political Consultative Conference as a specialized consultative body, continuously deepen research, propose countermeasures and suggestions, and help achieve the annual economic and social development goals and tasks
This winter, the bustling construction sites of major projects, the strong smoke and fire atmosphere in urban and rural markets, and the busy scene of various port goods entering and leaving all demonstrate the abundant driving force of the Chinese economy.
At this year's National People's Congress and Chinese People's Political Consultative Conference, General Secretary Xi Jinping emphasized the need to seize all favorable opportunities, make use of all favorable conditions, seize the opportunity, and work hard to bring enthusiasm from all aspects.
To do a good job in economic work, the key lies in practical work.
The happy life of the people is achieved through hard work. We must rely on practical efforts to achieve the great rejuvenation of the Chinese nation and make the lives of the people better and better, "General Secretary Xi Jinping emphasized during his inspection in Rizhao, Shandong on May 22 this year.
Visit various places to investigate and deploy, write a local chapter of Chinese path to modernization, emphasize better giving play to the radiation driving force of economic provinces for regional and even national development, and clarify that relevant provinces should fully integrate into the construction of a unified national market, and deeply connect with regional coordinated development strategies;
Hosted a series of important meetings, requiring all departments of central and state organs, provincial party committees, and governments to be pragmatic in arranging and deploying work. Party committees at all levels below the provincial level should fulfill their main responsibilities, focus on rectifying prominent problems of formalism and bureaucracy, and strengthen supervision and implementation by discipline inspection and supervision organs at all levels
The important instructions of General Secretary Xi Jinping have fully mobilized the enthusiasm, initiative, and creativity of all parties to promote economic development, and gathered the determination and confidence to unite as one and work hard.
With dry words at the forefront, united as one. To achieve the annual economic and social development goals and tasks, China has the foundation, conditions, capabilities, and actions.
50.3%. Recently, the Purchasing Managers' Index for the manufacturing industry was released in November. This leading indicator has been rising for three consecutive months, indicating that the overall level of China's economic prosperity remains stable and expanding.
The economic data released one after another confirms the momentum of China's economic recovery: the year-on-year growth rate of total retail sales of consumer goods, service industry production index, and total import and export of goods in October significantly accelerated compared to last month. The total transaction volume of newly-built and second-hand houses in China has achieved growth for the first time after 8 consecutive months of decline, and the year-on-year growth rate of stock transaction volume and transaction volume in the Shanghai and Shenzhen stock markets are both around 1.5 times
Under the strong leadership of the Central Committee of the Communist Party of China, the overall operation of the national economy has maintained a stable and progressive development trend, and all aspects have further enhanced confidence in achieving the annual economic and social development goals and tasks.
Consolidate greater confidence and gather greater motivation.
December 9th, Beijing. General Secretary Xi Jinping presided over the meeting of the Political Bureau of the Communist Party of China Central Committee.
The overall economic operation is stable and steady with progress. China's economic strength, scientific and technological strength, and comprehensive national strength continue to strengthen. The development of new quality productive forces is steady, reform and opening up continues to deepen, risk resolution in key areas is orderly and effective, and people's livelihood security is solid and powerful. The main goals and tasks of economic and social development for the whole year will be successfully completed. "Looking back at the economic work since the beginning of this year, the meeting believes that.
（2） Developing new quality productive forces according to local conditions
10 million vehicles! On November 14th, China's annual production of new energy vehicles set a new record.
In just six years, this number has increased from millions to millions, becoming a vivid footnote to China's commitment to innovation driven development.
At present, the world is in a new stage of leading innovation comprehensively with informatization and reconstructing national core competitiveness based on informatization. Whoever can better understand and grasp this trend, better adapt to and lead the development direction of productive forces, can comprehensively enhance comprehensive national strength.
The high-frequency term "new quality productivity" repeatedly mentioned by General Secretary Xi Jinping is the key to high-quality development of the Chinese economy, the future direction and trend, as well as the current needs and urgent needs for development.
At the beginning of the new year, the Political Bureau of the Central Committee of the Communist Party of China conducted the 11th collective study on solidly promoting high-quality development. The characteristic is innovation, the key lies in quality, and the essence is advanced productivity. "General Secretary Xi Jinping, with profound strategic vision and high theoretical consciousness, profoundly answered what new quality productivity is and how to develop it.
The new round of technological revolution and industrial transformation is advancing rapidly, and there is no waiting for us to vigorously promote technological innovation.
At 14:07 on June 25th, the Chang'e-6 mission achieved the first human sample return from the far side of the moon, breaking through multiple key technologies and leaving a significant mark in the history of human exploration of space.
 
To promote Chinese style modernization, science and technology must take the lead, "General Secretary Xi Jinping made clear instructions.
At important moments, we witness the vigorous pace of China's innovation driven development: the first domestically produced large cruise ship, the "Aida Magic City", has officially launched its commercial maiden voyage, China's independently developed AG60E electric aircraft has successfully made its maiden flight, and China's first independently designed and built ocean drilling ship, the "Dream", has officially entered service
Only innovators advance, only innovators are strong.
The 2024 Global Innovation Index released by the World Intellectual Property Organization shows that China's global innovation ranking has risen one place to 11th place compared to last year, and has risen 18 places in 10 years, making it one of the fastest-growing economies.
Grasping the dialectical unity of stability and progress, establishment and breakthrough, is an important methodology that must be adhered to in cultivating new quality productive forces.
"The development of new quality productive forces is not to ignore or abandon traditional industries, but to prevent the rush into mass production, foam, or a model."
At this year's National People's Congress and Chinese People's Political Consultative Conference, General Secretary Xi Jinping emphasized during the deliberation of the Jiangsu delegation that we must firmly grasp the primary task of high-quality development and develop new quality productive forces according to local conditions.
General Secretary Xi Jinping pointed out that "we must seize opportunities, increase innovation efforts, cultivate and strengthen emerging industries, advance the layout and construction of future industries, and improve the modern industrial system." "We must use new technologies to transform and enhance traditional industries, actively promote the high-end, intelligent, and green development of industries.
Adhere to a problem oriented approach, make production relations better adapt to the development of productive forces, deepen reforms in economic and technological systems, smooth the virtuous cycle of education, technology, and talent, and enhance the overall efficiency of the national innovation system.
Looking at the whole country, the momentum of transformation and upgrading of traditional industries is strong: China has built nearly 10000 digital workshops and intelligent factories, over 400 have been cultivated into national level intelligent manufacturing demonstration factories, and technologies such as artificial intelligence and digital twins have been applied in more than 90% of demonstration factories
In the first three quarters, the added value of industrial enterprises above designated size in China increased by 5.8% year-on-year. Among them, the added value of high-tech manufacturing and equipment manufacturing industries above designated size increased by 9.1% and 7.5% respectively year-on-year, and investment in high-tech industries increased by 10% year-on-year.
In the current context of promoting the transformation of development mode, the significance of accelerating the green and low-carbon transformation is more prominent.
On October 18th, China Resources Recycling Group Co., Ltd. was established.
General Secretary Xi Jinping has issued an important instruction: the establishment of China Resources Recycling Group Co., Ltd. is an important decision and deployment made by the Party Central Committee to focus on improving the green, low-carbon and circular development economic system and comprehensively promoting the construction of a beautiful China.
Green development is the foundation of high-quality development, and new quality productivity itself is green productivity.
Adhering to the concept of long-term achievements and the overall plan of a game of chess, General Secretary Xi Jinping has always planned green development from the perspective of harmonious coexistence between humans and nature
At the meeting of the Central Committee for Deepening Reform, it was emphasized that the concept of green development should be integrated into all aspects of the entire process of economic and social development;
During the collective study session of the Political Bureau of the Central Committee of the Communist Party of China, it was emphasized that "we must follow the trend, seize the opportunity, and promote the high-quality development of new energy in our country with greater efforts";
When hosting the symposium on comprehensively promoting ecological protection and high-quality development in the Yellow River Basin, it was emphasized to "implement fiscal, financial, investment, pricing policies and standard systems that support green and low-carbon development".
A series of deployments to promote energy conservation and carbon reduction have been successively promoted: seven departments, including the Ministry of Industry and Information Technology, have issued documents to accelerate the green development of the manufacturing industry, and four departments, including the People's Bank of China, have issued documents to promote green financial services for building a beautiful China
In the first three quarters, the "green content" of China's economic development continued to increase, and the proportion of non fossil energy consumption to total energy consumption increased by 2.6 percentage points year-on-year; Preliminary estimates show that the year-on-year decrease in energy consumption per unit of industrial value added above designated size has expanded by 0.8 percentage points compared to the first half of the year.
On October 17th, General Secretary Xi Jinping visited Hefei Binhu Science City during his inspection tour in Anhui Province to observe the major scientific and technological innovation achievements of Anhui Province in recent years.
In the exhibition hall, representative achievements in the fields of new generation information technology industry, new energy industry, artificial intelligence industry, high-end equipment and new materials industry, life and health, and basic research are showcased.
General Secretary Xi Jinping said to everyone, "The Central Committee of the Communist Party of China attaches great importance to and cherishes scientific and technological talents. 'How many opportunities can we have in life?' We must let go of our hands and continue to work hard, and contribute our intelligence and wisdom to achieve self-reliance and self-improvement in science and technology
Moving towards novelty and pursuing excellence through quality, the vitality of China's economic development is surging.
（3） "Chinese path to modernization, people's livelihood"
The Minzhu Village Community in Xiejiawan Street, Jiulongpo District, Chongqing, used to have a large number of residential buildings that were in disrepair for a long time, resulting in a dirty and chaotic environment. Thanks to urban renewal, this place has now become a happy and livable place.
Chinese style modernization prioritizes people's livelihoods. All the work of the Party and the government is for the people to live a happier life, "General Secretary Xi Jinping said solemnly during his inspection visit to Chongqing in April this year." One thing that the Party Central Committee is very concerned about is to renovate old residential areas
Every little bit of people's livelihood reveals true feelings. In the first 10 months of this year, 53000 old urban communities were newly renovated nationwide.
At present, some places are facing financial difficulties, with an increasing number of layoffs and wage arrears in enterprises, and rising employment pressure. The task of improving people's livelihoods is even more arduous and challenging.
The more economic development is under pressure, the more we need to focus on improving people's livelihoods.
On May 27th, General Secretary Xi Jinping presided over the 14th collective study session of the Political Bureau of the Communist Party of China Central Committee, with the theme of employment issues that concern millions of households. General Secretary Xi Jinping emphasized that promoting high-quality and full employment is a new positioning and mission for employment work in the new era and new journey.
A series of effective measures have been successively launched, from the central government's introduction of the "24 Measures" to promote employment, to the joint issuance of opinions by ten departments to further strengthen the service guarantee for migrant workers.
In the first three quarters, the number of new urban jobs in China reached 10.49 million, and the average surveyed urban unemployment rate decreased by 0.2 percentage points year-on-year, while the employment market remained stable.
The expectations of the people and the direction of the government.
In response to the development and changes in the economic, social, and demographic situation, we will steadily and orderly promote the gradual reform of delaying the statutory retirement age in accordance with the principles of voluntariness and flexibility;
Cracking the problem of young people's difficulty in raising children, effectively reducing the burden of raising children on the people, further improving the pricing mechanism, and supporting the construction of a universal childcare service system
A series of policy measures demonstrate the warm background of economic and social development.
Stimulating more endogenous power and expanding greater development space is an important issue that the Chinese economy must answer at present.
In Jiayu County, Hubei Province, the ten mile vegetable corridor in Panjiawan Town is covered in greenery, and batches of vegetables are transported from here to various parts of the country. Now that we have a cooperative, we can serve the entire industry chain and grow vegetables without worrying about sales, "said Xiong Chenglong, a local vegetable farmer.
On November 5th, General Secretary Xi Jinping, who was inspecting in Hubei, came to Panjiawan Town to observe the growth of vegetables in the fields and understand the local promotion of comprehensive rural revitalization.
General Secretary Xi Jinping said to everyone, "Chinese style modernization and rural revitalization are major issues. The rural world is vast, and agriculture has great potential. Party committees and governments at all levels should firmly grasp the work of agriculture, rural areas, and farmers, consolidate the foundation, improve services, and make the lives of the people better and better
The integrated development of urban and rural areas is an inevitable requirement of Chinese path to modernization, and is a powerful power source to promote economic development and stimulate economic vitality.
China's vast countryside contains huge consumption potential, and there is still a large space for growth. Smooth urban and rural economic cycle can open up a Xintiandi for high-quality development.
Following the trend of population mobility, promoting the integrated development of urban and rural areas, promoting the integration of urban and rural industries, infrastructure, and public services, and better leveraging the role of county towns in connecting cities and driving rural development, taking the lead in achieving integrated urban-rural development within counties... General Secretary Xi Jinping has profound thoughts.
Deeply practice and continuously solve problems.
Further open up and relax the household registration restrictions except for a few mega cities, and implement a household registration system based on the place of habitual residence; Strengthen the urbanization construction with county towns as important carriers, and strengthen the county economy; Promote the upgrading of rural industries to enrich the people, improve the comprehensive efficiency of agriculture, and strengthen the new rural collective economy
Promote the two-way flow of various factors between urban and rural areas, and encourage urban and rural residents to share the fruits of reform and create a better life together.
At present, China's economic development is facing multiple risks and challenges. Faced with the accumulation of risks, the task of prevention and resolution is even heavier, and the urgency of coordinating development and security is stronger.
Recently, the main structure of the four high-rise buildings in the second phase of the Rongchuang Shanghai Dongjiadu project has been capped, and exterior construction is currently underway. This once troubled project has been successfully revitalized with government support, and nearly 900 housing units have been able to resume construction.
As of November 13th, 2.85 million units of guaranteed delivery housing have been delivered nationwide, and the battle for guaranteed delivery housing continues to advance, safeguarding the legitimate rights and interests of homebuyers and providing stronger support for stabilizing the market, reducing inventory, and preventing risks.
Security is the prerequisite for development and the foundation for safeguarding people's livelihoods.
This year, many places experienced "Loong Boat Water" and "Violent Plum Blossom" in summer. Drought, drought and waterlogging turned sharply in Huang Huai Hai, extreme rainstorm was encountered in Northeast China, and super strong typhoons frequently hit in autumn.
 
Ensuring food security in the world, a bountiful harvest is hard won. This year, China's grain production is expected to exceed 1.4 trillion catties for the first time, reaching a new level.
Introduce the largest debt restructuring measures in recent years, freeing up more resources to consolidate the "three guarantees" at the grassroots level; Build a strong financial 'firewall' and safeguard the people's' wallets'; Strictly adhere to the bottom line of resource security, firmly secure the two 'rice bowls' of food and energy
Holding the bottom line of preventing systemic risks, further weaving and strengthening the safety net, the people's sense of gain, happiness, and security will be more enriched, guaranteed, and sustainable.
（4） Adhere to the unity of reform and opening up
 
The current situation and environment facing development are unprecedentedly complex. How to cultivate new opportunities in crisis and open up new opportunities in changing situations?
In the new era and new journey, to create a new situation of Chinese style modernization construction, we still need to rely on reform and opening up, "General Secretary Xi Jinping emphasized.
This firm decision comes from scientific judgment: China's economic operation still faces many obstacles, and it is necessary to deepen the reform of the economic system, accelerate the formation of institutional mechanisms that are compatible with the new development pattern, break through the bottlenecks and bottlenecks that restrict the economic cycle, and continuously inject new impetus into high-quality development.
Among the 13 parts of the Decision, there are 6 parts related to the economic field, which shows the importance of its weight.
On July 30th, General Secretary Xi Jinping presided over a meeting of the Political Bureau of the Communist Party of China Central Committee.
The meeting put forward clear requirements to use reform as the driving force to promote stable growth, adjust structure, and prevent risks, fully leverage the driving role of economic system reform, and timely introduce a number of reform measures that are mature and perceptible.
The Central Committee of the Communist Party of China and the State Council have issued the "Opinions on Accelerating the Comprehensive Green Transformation of Economic and Social Development" in response to the "Decision".
The Central Office and the State Council Office issued the "Opinions on Improving the Market Access System", proposing to deeply break down market access barriers and improve the negative list management mode of market access.
At the central level, reform documents related to economic development have been successively issued, and various parties have accelerated the launch of a number of landmark reform measures: the draft of the Private Economy Promotion Law has been publicly solicited for opinions, the pilot project of water resource fee to tax reform has been fully implemented, and guidance on promoting the entry of medium and long-term funds into the market has been issued
With the implementation of reform policies, the expectations of business entities are improving, the confidence of the whole society is increasing, and the momentum of high-quality development is gathering.
Reform and opening up complement each other and interact with each other.
The deeper the reform, the higher the level of openness required; the higher the level of openness, the greater the promoting effect on reform, "General Secretary Xi Jinping said bluntly.
Report to Chairman, report to President, the construction of Qiankai Port has been completed and meets the conditions for opening the port. Please give instructions
Open the port
On November 14th local time, at the Peruvian Presidential Palace, Chinese President Xi Jinping and Peruvian President Borualt jointly attended the opening ceremony of the Qiankai Port in Peru via video and issued instructions.
On November 15th, Beijing time, at the Tuanjie Village Central Station in Chongqing, the 100000th China Europe freight train, loaded with electronic information products, complete vehicles and spare parts, mechanical industry parts, household appliances and other goods, departed for Duisburg, Germany.
At present, the world's century long changes are accelerating, and the changes in the world, the times, and history are unfolding in unprecedented ways. A few countries are engaging in "decoupling and chain breaking" and "small courtyards and high walls", while protectionism, unilateralism, and hegemonism continue to rise.
The more we encounter setbacks, the more we must actively embrace and promote economic globalization. At the crossroads of the times, China has always stood on the right side of history and on the side of human progress.
Since this year, China has completely lifted restrictions on foreign investment access in the manufacturing sector, established a negative list management system for cross-border service trade for the first time in the country, promoted the orderly expansion of opening up in telecommunications, the Internet, education, culture, medical care and other fields, supported qualified foreign institutions to participate in financial business pilots, took the initiative to connect with international high standard economic and trade rules, and steadily expanded institutional opening.
In November, the 7th CIIE and the 2nd Chain Expo were held successively, attracting exhibitors from all over the world. The two major exhibitions inject more certainty into the world from both the demand and supply sides, providing more new opportunities for the development of various countries.
In the first 10 months, the total import and export value of China's goods trade reached 36.02 trillion yuan, a year-on-year increase of 5.2%.
In order to facilitate the exchange of personnel between China and foreign countries, China has implemented visa free policies for 38 countries since the end of last year, extending the visa free stay period to 30 days, and "China Travel" has become popular.
Next, China will introduce more independent and unilateral opening-up policies, expand the network of high standard free trade zones facing the world, and make China's door to openness wider and wider. "President Xi Jinping solemnly promised.
Join hands and work together to create a better future. This is not only China's commitment, but also China's action.
Since the beginning of this year, President Xi Jinping has presided over major diplomatic events such as the Beijing Summit of the Forum on China Africa Cooperation, visited four foreign countries, and frequently held talks and meetings with leaders of various countries, heads of international organizations, and international friends at home and abroad.
The diplomacy of the head of state has led China's "circle of friends" to become increasingly large, creating a favorable international environment for China's economic development and sparking a sustained "China craze" worldwide.
On November 16th, President Xi Jinping pointed out in his speech at the 31st APEC Economic Leaders' Meeting that China welcomes all parties to continue to ride the fast train of China's development, develop together with the Chinese economy, and work together to achieve modernization of all countries in the world through peaceful development, mutually beneficial cooperation, and common prosperity.
From a high vantage point, the road stretches endlessly.
At a critical stage of China's economic development, General Secretary Xi Jinping has a far sighted vision, assessed the situation, and from the perspective of the overall development of the Party and the country, with great political courage and wisdom, fearless courage and boldness, made key choices time and time again, calmly responded to challenges, pointed out the direction of progress, and stimulated strong confidence and strength.
The Chinese economy has always developed through overcoming challenges, growing through wind and rain, and strengthening through trials and tribulations. Under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core and the scientific guidance of Xi Jinping's economic thought, the whole Party and people of all ethnic groups in the country unite as one, strengthen their confidence, face difficulties and overcome them. The Chinese economic ship will surely forge ahead on a new journey.