Wang Sitong: Talk About the Resilience of China's Economy from the Semi-annual Report

Release time:2019-08-20Author: Wang Sitong

In the series of more than ten reports of the National Bureau of statistics on the economic situation in the first half of the year, only one of these reports used the word "resilience". This shows that "resilience" has not become the official choice and preferred term of the National Bureau of statistics.Economic resilience means that in the face of changes in the external and internal environment, the state can timely and flexibly adjust policies to prevent economic ups and downs, and avoid a hard landing. In the face of the global economic downturn, Xi Jinping and other party and state leaders have used the word "resilience" many times.Judging whether China's economy is resilient or not, first of all, our economy depends on the fundamentals of the national economy in the first half of the year. Second, judging whether China's economy is resilient or not depends on the overall performance of China's economy in recent years and its ability to respond in the future.From the above analysis, it can be seen that China's economy has not experienced great ups and downs since the 18th National Congress of the Communist Party of China. At present, facing the severe impact of Sino-US trade frictions, it can still maintain a stable situation. In the future, it also has good expectations and sufficient macro-control ability, which shows that China's economy is indeed resilient and can achieve stability and long-term development.