Since the beginning of the year, China's economy has maintained a positive trajectory of recovery and structural improvement despite a complex and challenging external environment and tasks of reform, development and stability at home.
From the production perspective, supply has continued to expand, while the industrial structure has undergone faster upgrading driven by greater self-reliance and strength in science and technology. New quality productive forces are taking shape through practical application and have emerged as a strong driver of high-quality development.
From a livelihood perspective, employment has remained generally stable, prices have stayed moderate and manageable, and the social safety net has continued to improve.
In terms of growth drivers, the economy is witnessing a faster optimization of development momentum. Strategic emerging industries and industries of the future — including new energy, artificial intelligence, biomanufacturing and commercial aerospace — are developing in clusters.
A growing number of new sectors and business tracks are generating strong spillover effects, helping offset pressures stemming from the weakening of traditional growth drivers.
