The expansion in economic size also indicates a more influential role for China as a developing country on the global stage to reshape the world economic landscape and lead future growth.
After remaining the strongest engine for global economic expansion since 2006, China's contribution to global economic growth last year is still expected to be around 30 percent in spite of slower growth.
Meanwhile, as higher GDP per capita would translate into improved productivity and consumption power, a stable and open Chinese economy could mean more opportunities for the rest of the world.
With a 3.4-percent trade growth and total trade volume of over 31 trillion yuan, China has remained the world's biggest goods trading country in 2019. Moreover, China's ongoing urbanization and rapidly expanding consumer market are providing new possibilities for overseas investors.
Building on the strong momentum, progress will continue to be made in areas such as structural reform, technological innovation, domestic demand expansion and improvement of people's well-being. Future milestones will come up one after another.
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2020-09-15
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