Amid numerous challenges faced by the global economy, China, as the world’s second-largest economy, continues to serve as an “anchor of stability” and “source of momentum” for global economic development, drawing widespread international attention. To assess China’s economic situation, one must adopt a comprehensive and dialectical perspective - considering both “form” and “trend,” focusing on both “quantity” and “quality,” and analyzing not only from a “longitudinal perspective” but also from a “cross-sectional perspective.”

China’s economy may experience some fluctuations in its “form,” but its overall “trend” remains positive. China benefits from the unique institutional advantages of the leadership of the Communist Party of China (CPC) and a socialist market economy, alongside its vast economic scale, market capacity, and industrial capabilities.

Its dual circulation model - where domestic and external economies interact positively - serves as a crucial foundation for steady and sustainable economic growth. China boasts a comprehensive industrial system, diverse types of enterprises, a high household savings rate, and strong adaptability to environmental changes and economic fluctuations - key factors contributing to the resilience of its economy. Last September, the Political Bureau of the Central Committee of the CPC decisively implemented a package of incremental policies, effectively boosting social confidence and driving a significant economic rebound.

China’s economy has achieved not only reasonable growth in “quantity” but also significant improvements in “quality.” In terms of total output, China’s GDP reached 94.97 trillion RMB in the first three quarters of 2024, an increase of 4.8% year-on-year. For........

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