Long-term view on economy
What Xi says
- Efforts should be made to foster new opportunities amid challenges and make new advances amid changes.
- China's economy is still characterized by ample potential, strong resilience, large maneuver room and sufficient policy instruments.
- China's economy is in a pivotal stage for transforming the growth model, improving economic structure, and fostering new growth drivers.
- China has the largest industrial system in the world with the most complete categories, strong production capabilities, comprehensive supporting sectors, as well as over 100 million market entities and a talent pool of 170 million people.
- China's development will focus more on satisfying domestic market demand and the country will speed up building a complete system for domestic demand.
- The fundamental role of agriculture should not be neglected or undermined at any time.
- Had we imposed a target, the focus would have been strong stimulus and a simple grasp on growth rate. That is not in line with our social and economic development purposes.
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