According to the Commission, some of the tasks to achieve these goals are: increasing investment, supporting the development of the real economy, further promoting the reform, opening up of the country, and improving public welfare.

The Chinese economy is highly resilient, has great potential, high vitality, and long-term positive fundamentals have not changed, the Commission stressed.

Gross Domestic Product grew 5.5 percent in the first half of the year compared to 2022 thanks to an increasingly strong domestic consumption following Covid-19, the National Bureau of Statistics revealed recently, ranking China among the fastest-growing economies in the world, marking a good time for the country’s development.

Moreover, the authorities of the sector ruled out a possible deflation in 2023, a key element for domestic consumption.

According to Liu Guoqiang, Deputy Governor of the People’s Bank of China, monetary conditions are reasonable and moderate, while residents’ expectations remain stable.

China will seek to further reduce the gap between supply and demand by applying financial support and investment policies aimed mainly at production and infrastructure.

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