(ECNS) -- The Chinese economy has always grown through trials and tribulations and expanded after overcoming tests, said Lou Qinjian, spokesperson for the third session of the 14th National People's Congress (NPC), when responding to a question raised by China News Service on Tuesday at a press conference held in Beijing.
Lou expressed his confidence in the future of China’s economy.
He pointed out that China's GDP grew five percent year-on-year to 134.9 trillion yuan ($18.41 trillion) in 2024, surpassing the 130-trillion-yuan threshold for the first time, marking new and solid steps forward in the Chinese path to modernization.
It is undeniable that currently, the adverse impacts brought about by the external environment have deepened and China's economic operation still faces difficulties and challenges, the spokesperson noted.
“Externally, the uncertainty in the world economic and political landscape has increased, making it more challenging to stabilize external demand. Domestically, demand is insufficien while some enterprises are experiencing difficulties in production and operation,” he said.
However, the Chinese economy is underpinned by a stable foundation, abundant strengths, strong resilience, and vast potential, with the fundamental trend for long-term growth remaining unchanged.
“Therefore, we have reason to be confident in the prospects of China’s economy," the spokesperson added.
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