Chapter 56 1. Economy and trade

Healthy development of China's economy!In recent years, China's foreign trade and GDP have continued to grow, all thanks to its national and industrial reforms, the planned rapid development of domestic industries, and its full use of international markets. Every Chinese will benefit more and more from this development.On the other hand, with regard to the financial crisis, China's economic recovery has been surprisingly strong and swift. Now, and in the future, China will be full of vitality, continue to grow and develop in various fields, economic development and foreign trade are advancing by leaps and bounds, and two recent events have accelerated China's development:

※In September 2001, China joined the World Trade Organization (WTO); ※From 2008 to 2010, the world financial crisis originating from the United States and its impact accelerated the decline of the western economy, while at the same time, it was beneficial to the economic development of Asia and China. It is clear that China's economic success, with significant results, has its roots in more than just these recent events.Because, for decades, the Chinese nation has been working hard for it... While bearing the losses caused by this financial crisis, China is actively responding to challenges!China has prevented and withstood the impact of this crisis on China by taking prompt and effective measures in a timely manner.Facing the crisis, do Chinese leaders have any other options?

China sees this global crisis as a key and important opportunity to accelerate its development: China needs to take this opportunity as seriously as the sky if it is to rejuvenate.In response to this global crisis, China immediately adopted a bold, large-scale economic revival plan based on increasing investment and stimulating domestic demand. Since 2008, China has invested heavily in aid programs! State aid programs of more than €450 billion in 2009-2010 generated a surge of national optimism - both at the real economic level and at the level of national confidence - and this optimism led to the implementation of complementary programs in other sectors, Such as provinces, major banks and various Chinese enterprises.

Considering the unfavorable situation caused by the overall collapse of exports, this aid plan of 450 billion euros needs to be funded by state-owned banks and state-owned enterprises on the one hand, and on the other hand, the government has also exerted the great potential of the people: national cohesion and Stimulate local investment by listing development projects to the provinces. The Chinese people have responded with practical actions!With the participation and support of various Chinese groups, local governments have been able to propose projects of almost 3 trillion euros (80% of GDP)!

With such a staggering number of plans already in place, through financing rather than appropriation, the next thing to address is setting an ambitious goal and a model for implementing this economic recovery plan.The government is asking provinces to develop innovative programs that are consistent with new industry priorities and allow for further funding. Continue to deepen reforms, expand modern industries, develop cutting-edge technologies, reduce external dependence, coordinate regional imbalances, protect the environment, encourage structural diversification, and make the financial market develop healthier.

This plan, actively supported by players at all levels in China, was swift, bold, and effective in reviving the economy, so it yielded immediate positive results.These achievements have been affirmed by experts and international economic and financial markets. While the domestic economy is developing rapidly, the rise of China has also promoted the development of the world economy and helped countries in difficulties.Today, China proposes to help these countries in difficulties under the strategy of mutual benefit and win-win, and plays a role in maintaining global stability and promoting world development. First of all, it is committed to opposing protectionism in terms of world economy and finance.

It is enough to see that the development of China's economy is amazing, and it is rising rapidly at a speed that people could not have imagined more than ten years ago.In addition, the Chinese economy has also shown unprecedented independence from the outside world. China is in a period of transformation, in a stage of restructuring.The whole of China, from east to west, from south to north, is undergoing profound changes.China is patient and determined, and the people of the whole country are united as one. They skillfully took advantage of the world financial crisis to fully explore the international market, develop their own economy and stimulate domestic demand.

China is trying its best to achieve modernization, and the crisis has accelerated the speed of China's transformation and promoted China's lightning-fast development.