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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Oct. 31 (Xinhua) — National Development and Reform Commission (NDRC) spokesperson Li Chao said at a press conference on Friday that China is on track to achieve its 2025 socio-economic development goals, citing the growing popularity of government support measures.
She noted that the economy withstood pressure and grew steadily during the first three quarters of this year, as the government stepped up efforts to maintain stability in employment, businesses, markets and expectations.
From January to September, the economy grew by 5.2 percent compared to the same period last year. This means China remains at the forefront of the world's largest economies. Growth in retail sales of consumer goods accelerated, and industrial value-added grew at a rapid pace not seen since 2022.
Speaking about China's economic strength, she emphasized that innovation provides reliable support for emerging industries, creating sufficient impetus for development, while stable exports ensure high economic resilience despite the unstable external environment, she noted.
Moreover, China's consumer market continues to demonstrate its enormous potential, while the quality and efficiency of economic development are also improving as the government's efforts to combat unfair competition are gradually bearing fruit.
These indicators put China in a strong position to achieve its development goals. Several international organizations have recently revised their growth forecasts upward, Li Chao noted.
In the future, the State Committee for Reconstruction and Development intends to intensify research in developing backup measures, together with the relevant agencies, and will also promptly publish and implement them depending on the circumstances, she concluded. -0-
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