According to the report on the Work of the Government in 2022, "The fundamentals of China's economy will remain sound in the long run, and there are many favorable conditions for sustained development." This shows that China's economy is resilient, has great potential and ample space. Stability is predictable and progress has momentum. In recent years, the strong leadership of the CPC Central Committee with comrade xi for the core, always adhere to seek improvement in stability work in tone and promote steady economic healthy development of the economy show strong compressive capacity, capacity and economic resilience, to lead the world economic recovery, high growth become COVID - 19 outbreak the important engine of the world economy under the impact.

Economic resilience refers to the ability of the state to make timely and flexible adjustments to policies in response to changes in the internal and external environment to effectively prevent sharp ups and downs in the economy and avoid a hard landing. In the face of a complex and grim external environment and growing uncertainties, and the triple pressures of shrinking demand, supply shocks and weakening expectations in China's economic development, General Secretary Xi Jinping has attached great importance to enhancing economic resilience, unswervingly promoting high-quality economic development and contributing to world economic development. In December 2021, General Secretary Xi Jinping pointed out at the Central Economic Work Conference that China's economy is resilient and its long-term sound fundamentals will not change. At the World Economic Forum video conference in January 2022, General Secretary Xi Jinping stressed that despite the tremendous pressure brought by changes in the domestic and international economic environment, the fundamentals of China's economy remain resilient, full of potential and sound long-term growth. We have full confidence in the future of China's economy... General Secretary Xi Jinping's important remarks on economic resilience are an important part of Xi Jinping's Economic Thought, providing ideological guidance for China's economy to make progress while maintaining stability, pointing out the direction and providing guidance for further activating China's economic potential, enhancing economic resilience and broadening the space for maneuver.

In what ways is China's resilience reflected? Economic development has sufficient momentum. In 2021, China's GDP will reach us $17.7 trillion at the average annual exchange rate, ranking second in the world and accounting for more than 18% of the global economy. China's economy is growing faster than any other major economy. Per capita GDP reached 12,551 US dollars, basically reaching the "threshold" of high-income countries. Manufacturing system complete. In 2021, the added value of China's manufacturing industry will increase by 9.8%, and its proportion in GDP will increase. The manufacturing industry has a complete range of industrial chains, strong manufacturing capacity and industrial supporting capacity, and the proportion of manufacturing in the world is higher than Europe and the United States. Strong export capacity. In 2021, China's import and export volume will reach us $5 trillion and US $6 trillion in a row, and the export structure will continue to be optimized instead of mainly relying on low-value-added labor-intensive products. The contribution of private economy is sufficient. As the main source of national tax revenue, the private economy has contributed more than 50% of the tax revenue, and its share in foreign trade exports has been increasing, taking up half of China's total export volume. The overall employment situation is stable. In 2021, 12.69 million new urban jobs will be created, and the surveyed urban unemployment rate will be 5.1% on average, 0.5 percentage points lower than the previous year's average.

Why is China's economy so resilient? The foundation lies in the strong leadership of the Party. The COMMUNIST Party of China (CPC) is the core force leading all undertakings. Only by giving full play to its role as the core of leadership in exercising overall leadership and coordinating the efforts of all parties can the CPC always steer and steer economic development, guide the right direction, mobilize all parties to form synergy, and overcome all difficulties and challenges. Since the 18th NATIONAL Congress of the CPC, the Party has strengthened strategic planning and unified leadership over economic work, improved the systems and mechanisms for economic work under the party's leadership, and continued to pursue high-quality development and supply-side structural reform as the main task in building a modernized economy. As a result, China's economy has become more resilient, efficient, and sustainable.

Benefit China to develop a huge domestic demand basis. China has the world's largest market hinterland, the largest middle-income population, and more than 170 million talents who have received higher education or professional skills training. China is the only country in the world that has all the industrial categories in the United Nations Industrial classification catalogue. These sound development foundations and potential domestic demand are fully capable of supporting the most complete industrial and supply chains in the world to cope with various risks and challenges, and to build a new development pattern in which domestic and international cycles play the main role and reinforce each other.

We have benefited from the strong impetus of reform and opening-up. Focus on emancipating the mind, develop the productive forces, strengthen the reform of systemic collaborative important fields and crucial links, and promoting reform go deep solid, implements the "introduction" and "going out" unified planning, better combination of China's reform bonus release, the market vigor fully stimulate unceasingly, larger, more wide field, open pattern to build deeper, It has strengthened the important support for China's economic resilience and optimized the external environment for economic resilience.

Source: State-owned Assets And Administration Commission of The State Council