In a significant announcement, China's State Council Information Office (SCIO) held a press conference unveiling the national economic performance for the first three quarters of 2024. Sheng Laiyun, Deputy Commissioner of the National Bureau of Statistics, addressed the media, providing insights into the country's economic trajectory.
During the conference, Sheng highlighted the resilience and steady growth of the Chinese mainland's economy amidst global challenges. He emphasized the robust performance across various sectors, including manufacturing, technology, and services, which have contributed to sustaining economic momentum.
Steady Growth Amid Global Uncertainties
Sheng noted that despite external pressures such as international trade tensions and fluctuating global markets, China's domestic policies have effectively stabilized growth. Strategic investments in infrastructure and innovation have played a pivotal role in bolstering economic activities.
Key Drivers of Economic Performance
The Deputy Commissioner pointed out that consumer spending, urban development, and technological advancements have been key drivers. Initiatives to promote sustainable development and digital transformation have also positively impacted economic indicators.
Looking Ahead
Sheng expressed optimism about the future, stating that with continued policy support and structural reforms, the Chinese mainland is well-positioned to achieve its annual economic targets. He reaffirmed the government's commitment to fostering an open and inclusive economy that benefits both domestic and international stakeholders.
The press conference concluded with Sheng addressing questions from both local and international media, shedding light on specific economic strategies and clarifying the government's approach to upcoming economic challenges.
