What sustains the growth of China’s economy

China is promoting modernisation with high-quality development while maintaining stability.

The year 2023 was the first year for China to fully implement the spirit of the 20th National Congress of the Communist Party of China (CPC) and the year for economic development after the policy adjustment of Covid-19 prevention. Over the past year, the Chinese economy has withstood pressure, achieved improvement and taken solid steps towards building a modernised socialist country in all respects. China is solidly promoting high-quality development, injecting more vitality and greater confidence into the world’s economic recovery.