This is another milestone in the history of China’s economic development! In 2020, China’s gross domestic product (GDP) is 101,5986 billion yuan, breaking the 100 trillion yuan mark for the first time.

What is the concept of 100 trillion yuan? If you put it on the historical coordinates, you can clearly see the trajectory of China’s sustained economic growth——

In the early days of the founding of New China in 1952, GDP was only 67.9 billion yuan; in 1978, the door to reform and opening up At the beginning, GDP was 367.9 billion yuan; in 2000, GDP exceeded 10 trillion yuan, becoming the sixth largest economy in the world. Since the 18th National Congress of the Communist Party of China, China’s economy has entered a rapid growth path. From 2016 to 2018, the total GDP has continuously exceeded 70 trillion yuan, 80 trillion yuan and 90 trillion yuan. In 2020, my country will take the lead in controlling the epidemic, resuming work and production, and taking the lead in realizing a negative to positive economic growth, becoming the only major economy in the world to achieve positive economic growth.

Thanks to the continuous increase in economic aggregates, my country’s support for safeguarding and improving people’s livelihood is more solid, the material foundation for promoting high-quality development is stronger, and the response to various risks and challenges is more calm.

The total economic volume exceeded 100 trillion yuan. It was based on the Party Central Committee with Comrade Xi Jinping at the core maintaining strategic determination, accurately studying the situation, scientifically planning and deploying, and leading the people across the country to work together. The Party Central Committee has coordinated the promotion of epidemic prevention and control and economic and social development, improved the cross-cycle design and adjustment of macro-control, and introduced a package of hedging policies, which has strongly promoted the stable recovery of China’s economy.

The total economic volume exceeds 100 trillion yuan, which is a key leap for China’s economy to shift from quantitative growth to qualitative growth. China’s economy has entered a new stage of high-quality development with higher gold content and greater development vitality. In 2020, my country will firmly hold on to the direction of high-quality development. On the one hand, we will take advantage of the trend to promote the development of new industries, new formats and new models, and guide the transformation and upgrading of traditional industries; on the other hand, we will pay more attention to the ideas and methods of reform and opening up. Add momentum and vitality to economic development. The vitality of market entities continues to increase, and around 25 million new market entities will be established in 2020, achieving growth against the trend.

The total economic volume has exceeded 100 trillion yuan, which is a strong guarantee for the development of people’s livelihood. The implementation of a series of measures to protect people’s livelihood provides a vivid footnote for the people-centered development thinking. In 2020, my country will achieve great historic achievements in building a moderately prosperous society in an all-round way, and decisive victory in the decisive battle against poverty; 11.86 million new jobs have been created, and 131.8%of the annual target task has been completed. The growth of per capita disposable income of residents is basically synchronized with economic growth.

However, we must also be soberly aware that my country’s economic operation is still facing many uncertainties, and the pressure of external defense import and internal defense rebound continues to exist. In this regard, we must not only strengthen scientific and precise prevention and control, consolidate and expand the results of epidemic prevention and control, but also adapt to planning economic and social development under normalized epidemic prevention and control.

Use innovation to drive the”first engine”. In the face of great changes unseen in a century, the”unchanged way” is to adapt to changes and adapt to new ones. Whoever holds the”bull nose” of technological innovation, who has made the first move of technological innovation, can Gain an advantage. Although my country’s economic aggregate has leaped to a new level, innovation is indispensable for accelerating the construction of a new development pattern. The promotion of high-quality development also depends on innovation. More than ever, we need to use innovation to drive this new engine.

Work hard to activate the largest variable of consumption. Consumption is the biggest variable of my country’s economic growth and the most potential increase. Under the epidemic situation, the growth of consumption lags behind the growth of foreign trade and investment. However, the model of relying on consumption to drive economic growth cannot be changed. It must also do more in accelerating the construction of a new development pattern. The Fifth Plenary Session of the Nineteenth Central Committee of the Communist Party of China has made systematic arrangements for implementing strategies to expand domestic demand and promoting the formation of a strong domestic market. These measures will fully release the huge potential of my country’s ultra-large domestic market and provide strong support for economic development.

To further play the key role of investment. The multiplier effect of investment is large, and it is less restricted by the impact of the epidemic, and it has a more obvious boost to economic growth. Whether it is actively expanding domestic demand, stabilizing the economic fundamentals, or maintaining the bottom line of people’s livelihood, it is necessary to play the key role of investment to a greater extent. We must continue to expand effective investment, increase confidence in the market, gather momentum for development, and create jobs for employment.

The tough side shows courage and perseverance, and the hard work begins to succeed. After experiencing the extreme stress test in 2020, we have accumulated experience in effectively responding to the crisis and challenges, and improved our ability to cultivate opportunities and open new games. On the new journey, we have the confidence, ability and conditions to consolidate the momentum of economic stability and recovery, and achieve a good start to the development of the”14th Five-Year Plan”. (Economic Daily-China Economic Net reporter Gu Yang)