"To become a regular" has become a frequent word in China's economic operation in 2020

Since the beginning of this year, the epidemic has been intertwined with the changes of the past century. Under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, China has risen to the challenge, pulled together as one, and made remarkable achievements in epidemic prevention and control and in economic and social development.

In the past year, the Chinese economy withstood the stress test and became the first major economy to resume growth since the outbreak of the COVID-19. This has contributed positively to the global economy and shows that the Chinese economy is resilient, dynamic, has great room for maneuver and has many policy tools. What is noteworthy is that in the course of economic recovery, China has always adhered to high-quality development and worked hard to build a new pattern of development. China's economic performance is full of innovative ideas and frequent bright spots, reflecting the potential and strength of the Chinese economy. Starting today, the Newspaper will launch a series of reports entitled "2020: Steady Progress towards High-quality Development", focusing on the new highlights, achievements and trends of China's economic development in the past year, with a view to helping readers at home and abroad better understand China's economy.

- Ed

Positive!!! Positive!!! China's GDP grew at a positive rate in the second quarter of this year and 0.7% in the first three quarters. It is a foregone conclusion that China's GDP will grow at a positive rate for the whole year. From manufacturing to services, from food and beverage retailing to automotive building materials, the phrase "becoming a regular" has become a frequent phrase in China's economic operation.

As the year 2020 draws to a close, China's economy has gone through an extraordinary journey. The COVID-19 outbreak has had a severe impact on China's economy. In the first quarter, China's GDP fell by 6.8% year-on-year. But since the second quarter, as China has made regular efforts in epidemic prevention and control, resumed work and production, and resumed businesses and cities, the land of China has been full of vitality. Authoritative international organizations, including the International Monetary Fund and the Organization for Economic Cooperation and Development, predict that China will be the only major economy to maintain positive growth this year.

This single "positive growth" is not easy for a country of 1.4 billion people. Behind it lies the strong resilience and vitality of the Chinese economy. As the global epidemic continues to spread, it is even more difficult for China to take the lead in economic recovery. China will provide support for the world economic recovery and boost global confidence in defeating the epidemic.

"The order is scheduled to May next year"

In order to meet the market demand, three new production lines have been added! At the factory of Zigui County Zigong Garment Co., Ltd. in Hubei Province, more than 10 production lines are running at full capacity, and nearly 2,000 down jackets and jackets are transported from the workshop to the warehouse every day, waiting for delivery.

"Orders have been placed until May next year." Zhang Bangfu, chairman of Ruitong, told the reporter that the company's production and operation were almost shut down at the beginning of the year due to the epidemic. Fortunately, with the improvement of the epidemic prevention situation in China and the resumption of work and production in an all-round way, the number of orders has increased significantly since the second quarter. "Recently, we not only added new production lines, but also increased capital for new equipment and hired more than 40 people."

The positive outlook of Ruitong company reflects the warmth of China's economic recovery under the epidemic.

Warm, from the main indicators climbing --

Observing the "troika", we can see that in the second quarter, investment turned negative for the first time, with a year-on-year growth of 4.8%. In June, the growth rate of foreign trade and imports turned positive, and the accumulative growth rate of foreign trade and imports maintained positive growth for the third month in a row in November. In the third quarter, the growth rate of total retail sales of consumer goods turned positive for the first time in the year. China's economy is off a good upswing.

The warmth comes from the continuous improvement of employment and people's livelihood

In the first 10 months of this year, 10.9 million new urban jobs were created, fulfilling the annual target ahead of schedule. The surveyed urban unemployment rate fell to 5.3 per cent in October; Under the current standard, all rural poor people will be lifted out of poverty and all poor counties will be stripped of their hats.

Warm, from the market expected to continue to improve --

China's manufacturing purchasing managers' index and non-manufacturing business activity both rose in November, both above the breaking point for nine months in a row. Chief financial officers of global multinationals have upgraded their outlook for the Chinese economy. Margit Molnar, director of the China Policy Research Office of the ORGANIZATION for Economic Cooperation and Development, praised that as the world's second largest economy, China is the first to recover after being hit by the COVID-19 epidemic, which is of great significance to the world.

"Transformation helps us turn Crisis into opportunity"

Customers cannot come, goods cannot be shipped, orders are cancelled... Recalling the difficulties of a few months ago, Huang Yunlong, chairman of Zhejiang Yiwu Aipu Lighting Co, still feels uncomfortable: "We are mainly exporting, but the epidemic continues to spread overseas, and the company's production and sales have fallen sharply."

Do how? Grasp the nettle and seek change actively. Turning to the domestic market and online sales, Huang seized the opportunity to launch the official Store of Apte on the e-commerce platform Pinduoduo and launched the factory live broadcast. The effect of "touching the Internet" exceeded expectations: orders gradually increased, and on the day of this year's "Singles' Day", more than one million orders were sold, which broke the record.

"Before that, we had been doing traditional manufacturing and offline sales for 10 years, and the transformation was not easy." But there is no way out without transformation, Huang told reporters. "Online transformation helps us turn the crisis into an opportunity, and we will further increase investment in the future."

We will build a new pattern of development in which both domestic and international cycles play a dominant role and both domestic and international cycles promote each other. Hundreds of millions of market players are actively transforming, strengthening innovation, and seeking opportunities amid crisis, with new growth areas emerging one after another.

In the first week after the Spring Festival, more than 300 million people used online office software. In only half a year, there were more than 10 million live broadcasts on e-commerce in China. In the first 10 months, the output of industrial robots increased by more than 20 percent year on year, and online retail sales increased by 10.9 percent. The volume of express delivery reached a record high of 675 million on Singles' Day. New technologies, new forms of business and new platforms, such as e-commerce live streaming, online office, online education, 5G and artificial intelligence, are emerging vigorously, and new drivers of growth are gaining momentum, becoming a strong support for the basic sectors of the Chinese economy.

According to MAO Xuxin, chief economist of the UK's National Institute of Economic and Social Research, China's promotion of digital economy and other fields will not only help the transformation and upgrading of the Chinese economy, but also inject impetus to global sustainable development.

"Optimistic about next year's development prospects"

The enterprise rushes through the difficulty bravely, the policy is devoted to assist. Since the beginning of this year, a series of policy measures have been taken to help enterprises and provide a solid guarantee for the steady recovery of the Chinese economy.

"It's hard to imagine a new company being launched this year without the help of policy!" Recently, Lin Bin, general manager of Ruixi (Suzhou) Intelligent Technology Co., Ltd. has been busy setting up a joint venture focused on intelligent manufacturing with its partners. Lin told reporters that during the most difficult period of business, the tax reduction and exemption helped a lot. This year, more than 340,000 yuan has been reduced. "We have recovered our vigor again!"

In the first three quarters of this year, we increased taxes and fees by more than 2 trillion yuan nationwide, and this figure will exceed 2.5 trillion yuan for the whole year. By the end of October, the central government had basically allocated 1.7 trillion yuan of direct funds. In the first 10 months, the financial system transferred about 1.25 trillion yuan of interest to the real economy, and it will yield 1.5 trillion yuan for the whole year.

Jeffrey Gambon, first Deputy Managing Director of the INTERNATIONAL Monetary Fund (IMF), said that China's massive epidemic prevention measures, combined with macroeconomic and financial support policies to mitigate the impact of the epidemic, have contributed to a rapid economic recovery.

All the way, the results of hard-won. Looking ahead to next year, it is even more worthwhile to look forward to a recovering Chinese economy.

Lin Bin introduced, into the fourth quarter, the company's orders skyrocketing growth, partners have been extended to many of the world's top 500 enterprises. "I'm very optimistic about next year."

The Organisation for Economic Co-operation and Development has forecast that China's economy will grow by 8 per cent in 2021, contributing more than a third of global growth. Margit Molnar believes that as China's economy continues to recover, it will not only continue to provide products to other countries, but also gradually recover its demand for foreign raw materials and consumer goods, which is very important for the world economy.

The more difficult the more forward. In this special year, China's economic ship has been sailing against the wind and waves, and the stories of one after another struggling to break out of the encirclement inspire people and strengthen their confidence to move forward.