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China's economy remains steady while making progress: NDRC head

By Zhu Lingqing | chinadaily.com.cn | Updated: 2019-03-06 12:14
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He Lifeng, chairman of the NDRC, answers questions at a news conference in Beijing on March 6, 2019. [Photo by Kuang Linhua/chinadaily.com.cn]

The overall situation of China's economy is stable with some changes and worries, but the overall trend is generally smooth and making progress, said He Lifeng, head of the National Development and Reform Commission on Wednesday at a press conference for the second session of the 13th National People's Congress.

"The main economic indicators of the whole year ran in a reasonable range, with the total GDP reaching 90.03 trillion yuan. According to the annual average exchange rate, it is roughly equivalent to $13.6 trillion, with a growth rate of 6.6 percent and an increase of about $1.4 trillion, ranking first among the top five economies in the world," He said.

"It is really not easy for China to deliver such growth in the face of heavy downward pressure and intense global economic fluctuation last year," He said.

"The three numbers, including the GDP growth of $1.4 trillion, the employment increase of 13.61 million people and the poverty alleviation of 13.86 million people, can only be achieved in China," He said.

As the world faces unprecedented change and China's economy becomes increasingly integrated in the global economy, international economic fluctuations will inevitably affect Chinese enterprises, especially manufacturing enterprises, He said.

"It is believed that Chinese enterprises have better resilience and adaptability after last year's tempering. Through the implementation of these policies and measures, including the 10 tasks put forward by Premier Li Keqiang in yesterday's Government Work Report, I believe that we will continue to maintain momentum for growth this year and maintain a stable, healthy and sustainable development of the national economy," He said.

An aerial view of Shenzhen is seen on Nov 5, 2018. [Photo/VCG]
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