Economic Evaluation

The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on October 31 to analyze the economy and plan the country’s economic work.

The meeting, presided over by Xi Jinping, General Secretary of the CPC Central Committee, said that China has achieved sustained and healthy economic and social development this year.

In the first three quarters, the country achieved overall economic stability with steady progress, and economic performance was kept within a proper range, according to a statement issued after the meeting.

The economic structure continued to improve. Work has been done to support the private sector while a series of measures aimed to pro- mote the healthy development of the financial market boosted market sentiment.

The economy has seen changes amid overall stability with increased downward pressure. Some companies are suffering from operating difficulties while some risks accumulated a long time ago have been exposed.

“China should attach great importance to the current situation and be more proactive in taking measures to cope with the issues,” said the statement.

The current economic situation is a combined result of longterm and short-term as well as internal and external factors. China’s economy is transitioning from a stage of high-speed growth to a phase of high-quality growth while the external environment has seen profound changes. Some of the