China’s government has reaffirmed its confidence in the nation’s long-term economic growth despite facing global economic challenges. A work report submitted on Wednesday to the national legislature emphasized that the basic trend of China’s sound economic development remains unchanged.
The report acknowledged difficulties such as insufficient global economic growth momentum, rising unilateralism, and protectionism. These factors have disrupted the multilateral trading system, increased tariff barriers, and impacted the stability of global industrial and supply chains, hindering the international economic cycle.
Despite these obstacles, the report highlighted China’s significant advantages, including a super-sized domestic market, a comprehensive industrial system, and abundant human resources. These strengths are seen as key factors in bolstering confidence in the country’s development path.
