Spokesperson's Remarks｜China's economy has solid foundation and sufficient driving forces for steady growth against odds

No matter how the international landscape evolves, China's economy has a solid foundation and sufficient driving forces for steady growth against the odds, Chinese Foreign Ministry spokesperson Lin Jian said at a regular press conference in Beijing on Wednesday.

As the world economy faces severe challenges of rising unilateralism and trade war looms large on the prospects of global economic recovery, certain country's tariff policy makes the international landscape more uncertain. Meanwhile, China remains a strong magnet for foreign investment, as evidenced by the recent intensive visits by foreign CEOs to China and the implementation of key projects. Lin noted that with the strong leadership of the CPC Central Committee, the notable strengths of socialism with Chinese characteristics, a solid foundation built up from sustained rapid development, a super-sized market, a complete industrial system and more importantly, the concerted efforts of the 1.4 billion people, China has the confidence and capability to address various risks and challenges. External shocks cannot change China's economic fundamentals with a stable foundation, numerous strengths, remarkable resilience and vast potential. Nor can they change the consistent trend of China's steady progress in pursuing high-quality development and robust growth of new quality productive forces.

Lin pointed out that China's steady growth brings much-needed stability to the volatile world. China, the second largest economy, has remained the key engine contributing around 30 percent to the global economic growth for years running. As the second largest consumer market with the biggest middle-income population, China continues to unlock the potential of consumption, which turns more and more China's demands into opportunities for the world. As China's economy is driven by new quality productive forces, new technologies, products and business formats emerge at a faster pace, which help countries share the benefits of technology.

"China firmly upholds the rules-based multilateral trading regime, advances trade and investment liberalization and facilitation, and makes the pie of common development bigger. China honors its commitment to high-standard opening-up and continuously fosters a pro-business environment that is market-oriented, law-based and world-class so as to help foreign businesses benefit more from every percentage point of China's economic growth." Lin added.

Lin said that China stands ready to work with all parties to uphold true multilateralism, jointly oppose various forms of unilateralism and protectionism, defuse risks, address challenges and promote a universally beneficial and inclusive economic globalization. (By Ma Ziqian/China Youth Daily)