Despite the sluggish global consumer demand, the resurgence of trade protectionism, and intensified geopolitical risks, the Chinese economy still maintains its growth momentum, fully demonstrating the effectiveness of China's policies and measures in economic governance and other aspects, "said Cai Weijie, Executive Director of the Regional Strategy Research Institute, a Malaysian think tank, in a written interview with Xinhua News Agency. Data shows that in the face of a complex and severe international environment, the Chinese economy maintained a growth rate of 4.8% in the first three quarters of 2024, ranking among the top in the world's major economies in terms of growth rate, and contributing around 30% to global economic growth, highlighting the important position of the Chinese economy as a global economic engine. Cai Weijie pointed out that according to the latest economic development situation, China has proposed to "implement more proactive fiscal policies and moderately loose monetary policies" and "strengthen unconventional countercyclical adjustments" in response to the times, which will effectively support the sustained and stable growth of the Chinese economy. By increasing government investment and reducing taxes and fees, China has effectively alleviated the pressure on business operations, promoted infrastructure construction, and facilitated the development of emerging industries Cai Weijie stated that China also provides stable financial support for small and medium-sized enterprises and key industries by maintaining sufficient market liquidity and reducing financing costs. The coordination and cooperation between this fiscal policy and monetary policy provide strong guarantees for economic development He said. In addition, Cai Weijie believes that China's recent signals will vigorously boost consumption, improve investment efficiency, and expand domestic demand in all aspects, which will help increase residents' income and boost consumer confidence, and will be an important factor in maintaining the growth momentum of the Chinese economy. China's continuous optimization of investment structure helps ensure that capital flows towards high value-added and high-tech industries, forming sustainable economic growth momentum. Cai Weijie stated that in the context of the continuous upgrading of the global industrial structure, China is promoting the development of new quality productivity by strengthening research and development investment, breaking through key core technologies, and extending the industrial chain to the high-end. China actively promotes industrial upgrading and green transformation, significantly increasing the 'green content' of economic development and continuously creating new growth momentum. He also stated that strengthening cooperation with China in trade and investment, green development, and connectivity construction will help optimize the economic structure and promote high-quality development of ASEAN countries. In the future, ASEAN countries and China will have broader cooperation space and development opportunities, and are expected to further deepen regional economic cooperation, laying the foundation for achieving sustainable and inclusive common development