As the world's second largest economy, China's economy is very much in the international spotlight. With global growth slowing down, China is working vigorously to overcome difficulties and meet challenges by strengthening macro-regulation and effectively advancing reforms. Though our monthly and quarterly economic indicators have fluctuated a bit, the overall economy has operated within the reasonable range and maintained steady and fairly rapid growth. In the first three quarters, China's economy grew by 6.9%, contributing approximately 30% to global growth. Such a growth rate was achieved by a big economy of over 10 trillion dollars and in the process of economic restructuring and transformation. This is indeed a hard-won result.
总的看,中国经济发展长期向好的基本面没有变,经济韧性好、潜力足、回旋余地大的基本特征没有变,经济持续增长的良好支撑基础和条件没有变,经济结构调整优化的前进态势没有变。同时,中国经济仍然面临复杂的内外环境和较大的下行压力,正经历着改革阵痛,机遇前所未有,挑战也前所未有。
In general, China's positive economic fundamentals and long-term trajectory remain unchanged. What also remain unchanged are the basic fact that China's economy possesses strong resilience, great potential and ample room for maneuver; the strong support and conditions favorable for continued growth; and the forward movement of the country's economic restructuring and upgrading. On the other hand, China's economy is still grappling with a complicated internal and external environment, considerable downward pressure and the throes of deep reforms. The opportunities are unprecedented, but so are the challenges.
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