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To skeptics: Chinese economy is not gonna collapse (2)

(People's Daily Online)    13:31, May 26, 2015
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China has been freeing up and stimulating productive forces with all-round reform. By streamlining administrative procedures and delegating power to lower levels, the government is promoting financial and fiscal reform to allow the market to perform its decisive role in resource allocation. From extensive to intensive, from low-end to high-end, China's economy will advance and invigorate sustainable development.

Confidence also results from an accurate grasp of cooperation and win-win – the trends of the times. China is actively promoting the "One Belt and One Road", which has been warmly welcomed by the international community. The construction of the Asian Infrastructure Investment Bank has also achieved its first victories and improved international confidence and expectations of China as a new global investor.

At the same time, China is now in a new active phase of opening up, combining "going global" and "bringing in", and improving the investment environment and the conditions for trade. Other priorities are international cooperation and building a community of common benefit, responsibility and destiny.

In this new phase of development, China will bring fresh opportunities to the world. The international community can rely on China to make a steady contribution to national economic development, as well as to the peaceful and sustainable development of the world as a whole. 

This article is edited and translated from 《提质增效 行稳致远(钟声·中国方略·构建人类命运共同体(5))》,source: People's Daily


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(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yao Xinyu,Huang Jin)

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