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China Daily / 2024-11 / 01 / Page008

Incremental policies effective to maintain economic growth

By Wu Yixue | China Daily | Updated: 2024-11-01 00:00
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Since the beginning of this year, China's economy has been on a generally steady, sound and upward trajectory, showing both dynamism and resilience. In the first three quarters of this year, China's trade volume with over 160 countries and regions increased, total import and export hit a record high, and China was leading major economies in the world in terms of GDP growth.

These speak volume about the booming Chinese economy, and prove once again that the overall trend of China's steady growth in the long run has not changed. The package of incremental policies rolled out by multiple Chinese authorities recently further unlocks growth potential, spurs consumption and investment, and boosts the world's confidence in China's development. International financial institutions, including Goldman Sachs, J.P.Morgan, the Swiss National Bank, have raised their forecast for China's economic growth this year. In a recent survey of over 100 Swiss businesses, the decision-makers of these firms largely maintain a high level of confidence in successfully doing business in China, and around 50 percent of respondents consider China to be among their top three global investment priorities.

The vitality of the Chinese economy also comes from its people, especially its entrepreneurs. China knows this and thus has been committed to creating a market-oriented, law-based and internationalized business environment to attract more enterprises and individuals with entrepreneurship worldwide to invest in China.

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