UNITED STATES, WASHINGTON (VOP TODAY NEWS) — They should minimize the negative impact of growing economic pressure.
“In general, the development indicators of the Chinese economy are quite high and stable. If we talk about forecasts at the upcoming stage, it should be borne in mind that the external situation is becoming increasingly difficult. <…> On the one hand, the PRC is experiencing an increasing external negative impact, on the other – This year, the government has taken a number of effective measures, thanks to which new factors are stimulating the development of our country,” said Liu Aihua, the official representative of the State Statistical Office (PRS) of China.
According to a Chinese official, in 2018, new growth incentives amounted to 16.1% of China’s GDP. This is 0.3% more than a year earlier. Liu Aihua emphasized the importance of measures such as supporting the development of innovation and cutting-edge high-tech industries that are showing strong growth.
“The role of new factors in the development of our economy is becoming increasingly significant. The central government has taken a number of steps, including positive fiscal policies and a stabilizing monetary strategy. <…> I believe that China has a solid basis for confident development at a later stage,” concluded the representative of the Chinese State Statistics Service.
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