In recent days, Yuping Dong Autonomous County, Tongren City, Guizhou Province has continuously strengthened its service to the logistics industry, helped logistics companies solve the employment of personnel, unblocked transportation, guided enterprises to strengthen management, and carried out prevention and control work such as employee screening, temperature monitoring, and disinfection, helping the logistics industry to fully resume work and production and ensure stable economic operation. Photo by Hu Panxue (People's Vision)

On the production line, workers assemble and test products in an orderly manner; in the office, the sound of typing on computer keyboards comes one after another; next to the railway station, a train loaded with "Made in China" products whistles out...

As enterprises resume work and production in an orderly manner, spring is sprouting and vitality is bursting in China!

The new crown pneumonia epidemic has brought shocks and challenges to China's economy, but China's pace of progress will not stop. With the strong material and technological foundation accumulated over more than 40 years of reform and opening up, and with huge market potential and development resilience, China has full confidence, ability and resources to cope with the impact. China's economic fundamentals and long-term positive trend will not change because of this epidemic!

The confidence for development is still strong

As soon as work resumed, the workshop production line of Shenzhen Fuhuihong Electronic Technology Co., Ltd. was already running at high speed. Injection molding, surface treatment, assembly, testing... On the first day of work resumption, 1,500 sweeping robots entered the warehouse from the production line and will be sent to various parts of China and overseas markets according to orders.

"Promptly tracking customer needs, accelerating product innovation and iteration, and making the company's brand products very popular in the market. At present, our orders have increased compared with the same period last year." said Wei Tao, the operations director of Fuhuihong.

By adhering to independent research and development, Fuhuihong has achieved a leapfrog development from OEM production to owning its own brand. "Next, we will strengthen technological innovation and expand production." Speaking of the company's future, Wei Tao is very confident.

Fuhuihong's development path is a microcosm of the strong resilience and huge potential of the Chinese economy. Maintaining concentration, doing your own thing well, the confidence for development is getting stronger and stronger.

Confidence comes from the solid "family foundation" accumulated by China's economy--

In 2019, China's GDP reached 99,086.5 billion yuan, and per capita GDP exceeded 10,000 US dollars. Especially since the Third Plenary Session of the 18th CPC Central Committee, the total GDP has reached 70 trillion yuan, 80 trillion yuan, and 90 trillion yuan in 5 years, and it is close to 100 trillion yuan in 2019, contributing more than 30% to world economic growth... The economic scale continues to expand, and the resilience of development is increasingly evident.

Confidence comes from the continuous burst of transformation and upgrading vitality--

The contribution rate of the service industry to economic growth reached 59.4%, and the growth rate of added value of equipment manufacturing and high-tech manufacturing was significantly faster than that of industrial enterprises above designated size, accounting for 32.5% and 14.4% of all industrial enterprises above designated size respectively... The industrial structure has been gradually upgraded, and the foundation for high-quality development has been solid.

Confidence comes from the ultra-large market and domestic demand potential--

A market with a population of 1.4 billion, the world's largest middle-income group, and domestic demand contributes nearly 90% to economic growth...The powerful Chinese market plays a prominent role as a "ballast stone".

Confidence comes from the continuous release of reform and opening-up dividends--

Deepening the "delegation, regulation and service" reform, China's business environment ranking jumped to 31st in 2019; promoting fiscal and tax reforms, reducing taxes and fees by more than 2.3 trillion yuan throughout the year; opening up diversified international markets, China's total import and export of goods in 2019 was 31.5 trillion yuan, and it is expected to rank first in the world for three consecutive years; attracting foreign investment rose against the trend, and China's actual use of foreign capital in 2019 was 941.5 billion yuan, a year-on-year increase of 5.8%, a record high...Comprehensively deepening reform and opening up, economic development momentum is surging.

As Ning Jizhe, Director of the National Bureau of Statistics, said, China's economic giant ship is not afraid of wind and rain, breaking through the waves, achieving a new leap, and standing at a new starting point. "In the new year, we will continue to promote high-quality economic development."

New growth points emerge

From the stage of high-speed growth to the stage of high-quality development, new advantages are being formed at an accelerated pace, and new economic growth points are emerging, providing strong support for China's economy to cope with various challenges.

A few days ago, due to the impact of the new crown pneumonia epidemic, the sweet potatoes in Qiaotou Town, Hainan Province were unsalable. As the head of the town's Sugar Ant Farmers Planting Professional Cooperative, Wang Linfen was very troubled.

"Hainan Qiaotou sweet potatoes are rich in selenium and taste good, and they have never been worried about selling. But after the outbreak of the epidemic, sales were blocked, and Qiaotou sweet potatoes only sold more than 300 kilograms a day at most." Wang Linfen was once worried.

Just then, the "Fighting the Epidemic, Helping Farmers with Love" section launched by the e-commerce platform Pinduoduo on February 10 gave them hope. Wang Linfen introduced that with the help of the online sales area, more than 2,000 orders were sold on the 10th, and 22.8 tons had been sold by February 16. The first batch of sweet potatoes has been delivered to some consumers in Guangdong and Fujian.

Pinduoduo platform data shows that the entire agricultural assistance area has covered nearly 400 agricultural production areas and more than 230 national-level poverty-stricken counties in China. As of February 16, the cumulative sales of unsaleable agricultural products exceeded 100,000 orders.

A sales turnaround reflects that China's emerging retail formats have pressed the "fast forward button".

With the improvement of the logistics and distribution system and the increase in the number of online shopping users, online retail has maintained rapid growth. Last year, China's online retail sales of physical goods increased by 19.5% year-on-year, 11.5 percentage points faster than the total retail sales of social consumer goods, and contributed more than 45% to the growth of the total retail sales of social consumer goods; China's express delivery business volume totaled 63.52 billion pieces, a year-on-year increase of 25.3%.

Echoing the "new" in the retail sector, "new" stories on the production side are staged one after another.

Last year, the added value of strategic emerging industries in industrial enterprises above designated size increased by 8.4%, 2.7 percentage points faster than that of industrial enterprises above designated size; emerging products such as 3D printing equipment and urban rail vehicles, as well as intelligent consumer products such as smart watches and smart bracelets, developed rapidly, with a growth rate of 32.6%-155.2%.

"I'm back!" Just say hello, and the lights and TV in the living room will turn on synchronously, and the air conditioner will also start at the same time... At the Consumer Electronics Show held in the United States at the beginning of the year, Haier Smart Home built multiple smart spaces with more than 40 smart products, and the personalized smart home applications in the exhibition area of its high-end brand Casarte attracted visitors from all over the world to stop and experience.

"Consumption upgrades have created a strong demand for quality consumption. For the home appliance industry, high-end development has become an inevitable trend. By providing a whole-house smart scene solution, Haier replaces the previous single product function and meets users' demand for personalized customization of smart homes. Casarte, which was founded 13 years ago, has grown into an international high-end home appliance brand with an annual revenue of 13 billion yuan and a growth rate of more than 30%. " Said Li Huagang, vice president of Haier Group.

Full of confidence in the economic prospects

Suzhou Zhenyuan Catering Management Co., Ltd. mainly sells foods such as Shengjian and wontons. After the outbreak of the epidemic, the performance of the company's stores has been greatly affected. Recently, the company's "landlord"-Xinjianyuan Holding Group in Suzhou Industrial Park decided to exempt Zhenyuan from about 205,000 yuan in house rent.

"Cash flow is the lifeline for enterprises. This rent reduction has alleviated the company's financial pressure to a certain extent, giving us more time to turn losses into profits." Lin Bo, general manager of Zhenyuan Catering Company, is quite confident.

Recently, Suzhou Industrial Park has introduced a number of policies to benefit enterprises, and rent reduction is one of them. According to the policy, state-owned and state-controlled enterprises should provide support to small and medium-sized enterprises that are affected by the epidemic and have difficulties in production and operation, such as "one month of rent exemption and two months of rent reduction by half". It is estimated that this will reduce the rent of small and medium-sized enterprises in the entire park by about 400 million yuan.

Suzhou is not an isolated case. From the central government to the local governments, a series of targeted practical measures have been implemented at a faster pace. The China Banking and Insurance Regulatory Commission has issued policies to increase credit support for small and micro private enterprises in distress. The State Administration of Taxation has announced a list of 185 "non-contact" online tax payment matters. The Ministry of Industry and Information Technology has proposed to assist in solving problems such as upstream and downstream connection with relevant departments. Guangdong, Shanghai, Beijing, Chongqing, Shandong and other places have successively introduced a number of burden-reducing policy measures involving unemployment insurance job stabilization refunds, extension of social security payment period, rent reduction and exemption, and appropriate loan extension.

The policy is more powerful and enterprises have increased confidence. From February 10, all companies of Hongdou Group began to resume work and production in an orderly manner. "Recently, various policies have been introduced from top to bottom to support enterprises. I am full of confidence in the rapid recovery of the economy in the future." Zhou Haijiang, chairman of the board of directors of Hongdou Group, said.

Chen Hao, vice president of Fotile Group, believes that despite some difficulties in the short term, after the end of this epidemic, upgrading the health protection function of home appliances will become a rigid demand for many families, and Fotile will continue to explore in depth in the field of healthy kitchen appliances. "The market potential of emerging home appliance categories is still great, and our long-term strategy of developing more emerging home appliance products will not change."

The international community also expressed confidence in the Chinese economy.

Georgieva, managing director of the International Monetary Fund, judged that with the resumption of factories and the replenishment of inventories, the Chinese economy is expected to recover rapidly. The World Bank issued a statement saying that it believes that China has policy space to prevent and control the epidemic and maintain economic resilience. Yao Jinlong, professor of economics at Sunway University in Malaysia, said that considering the huge size of the Chinese economy and the government's practical efforts to support economic growth, the Chinese economy is expected to rebound rapidly after the epidemic is under control.

The challenges of the epidemic are not to be feared. Facing this unexpected test, as long as we have firm confidence, give full play to our advantages, consolidate our achievements, and overcome difficulties, China's economic giant will be able to cut through the waves and continue to move forward steadily on the path of high-quality development.

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