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Persisting in Deepening Reform and Stimulating New Momentum

Both of Chinese economy and the global market are expected to rebound in the first half of this year. Recently, some foreign media predicted that China’s economy will be growing again, which is good news for the rest of the world.

Why is China’s economy able to rebound ahead of others? One of the reasons is that China’s economy has been accumulating new momentum, showing strong internal resilience and development vitality in resisting the impact of the epidemic.

Before the outbreak of the epidemic, China persisted in deepening the structural reform on the supply chain. With innovation driven and reform and opening up as two driving wheels in the process of quantity growth and quality improvement, the high-tech industry accelerates the development, while the traditional manufacturing industry continues to optimize and upgrade, the new kinetic energy of economic growth continues to accumulate, and the overall competitiveness of the economy is improved in an all-round way. Although the sudden outbreak of the epidemic at the beginning of the year has caused an unexpected huge impact on China’s economy, the actual performance of the new driving force of economic growth is still encouraging.

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