September 9, 2022

As the world economy is mired in a confluence of crises from energy shortages to sky-high inflation to recessionary pressure in major economies, global attention is focused on the Chinese economy, the main driving force of global growth, ahead of the upcoming 20th National Congress of the Communist Party of China (CPC) scheduled for mid-October, which is envisaged to illuminate the road ahead for the world's second-largest economy in the coming years and even decades.

The Chinese economy currently faces multiple downward pressure, including COVID-19 outbreaks and weakening external demand, as evidenced by a significant slowdown in exports in August, which sparked another round of smearing against China's development prospect from foreign doomsayers. However, China's economic fundamentals remain solid, in stark contrast to dire situations in other major economies, and there are sufficient bright spots and policy measures that will ensure stable growth for such a crucial year, economists said. 

In the longer term, China will continue to be a main growth driver for the global economy, as the 20th CPC National Congress will inject confidence and lead the nation in embarking on the pursuit of the second centennial goal to build China into a modern socialist power, with all of its institutional advantages that ensured success over the past several decades, economists stressed. 

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https://www.globaltimes.cn/page/202209/1274967.shtml