the solid foundation accumulated in the early stage of development has laid a solid foundation for china to withstand various risks and challenges, and has laid a solid foundation for china to leap to a higher level of development.
if the strong resilience of the chinese economy has enabled it to overcome all kinds of difficulties and obstacles, the surging vitality of the chinese economy will enable it to brave the wind and waves and complete the transformation of high-quality development.
the more you fly against the wind, the more resilience you show. the more you sail against the current, the more vitality you have. since the beginning of this year, under the strong leadership of the cpc central committee with comrade xi jinping at its core, all regions and departments have coordinated epidemic prevention and control with economic and social development, and china's economy has got off to a smooth start. in the first quarter, major macro indicators stayed within a reasonable range, the foundation for "stability" was strengthened, and the momentum for "progress" was gathering. all these fully demonstrate the strong resilience and vitality of the chinese economy.
strong grass stands the test of high wind; true gold stands the test of fire. general secretary xi jinping has put forward "five strategic advantages" for china's development, one of which is "a solid foundation for sustained and rapid development". this important statement fully reveals the fundamentals of china's long-term sound economic development and the multiple advantages and conditions for china's economic development. it has injected strong confidence and impetus into our efforts to fully, accurately and comprehensively implement the new development philosophy, accelerate the building of a new development pattern, and promote high-quality development.
as analysts put it, "in economic terms, china is a huge success story". the continuous accumulation of material wealth is deposited into a solid stock of material wealth, which constitutes a solid foundation for china's economic development. in terms of gdp, china's economy surpassed the 110 trillion yuan mark in 2021, accounting for more than 18 percent of the world economy and contributing about 25 percent to global growth. in terms of improving people's livelihood, all 98.99 million rural residents living in poverty were lifted out of poverty by current standards, and more than 1.3 billion people were covered by basic medical insurance and 1 billion people were covered by basic old-age insurance. in terms of scientific and technological innovation, the beidou-3 global navigation satellite system, domestic aircraft carrier and large aircraft have been launched, and the "three new" economy, such as big data, cloud computing and 5g communications, is emerging. an economic system and development model driven and supported by innovation is taking shape. these tangible achievements and tangible changes fully demonstrate that china's economic strength, scientific and technological strength, national defense strength and overall national strength have significantly increased, and that china in the new era has taken an even greater stand in the east.
the strong resilience of the chinese economy has been tested and proven by various "stress tests". this resilience is reflected in the fact that china's economy is large in size, has wide room for maneuver and has a super-large market, which makes china's economy a major country and can mitigate the impact of external shocks. this toughness is reflected in that china has an independent and complete industrial system, a sound supply chain system, strong industrial supporting capacity, and a complex and organic structure formed by large and widely distributed micro subjects, which form a risk dispersion mechanism and have self-repair ability. this resilience is reflected in the fact that china is able to make timely and flexible policy adjustments, has enough policy tools to deal with shocks, and is able to guard against sharp ups and downs in the economy and avoid systemic risks. this resilience is reflected in the fact that the cpc central committee effectively coordinated epidemic prevention and control with economic and social development, and was able to gradually block the spread of the epidemic and minimize its impact on economic and social development. it is fair to say that the solid foundation accumulated in the early stage of development has laid a solid foundation for china to withstand various risks and challenges, and laid a solid foundation for china to leap to a higher level of development.
the surging vitality of the chinese economy is being demonstrated through high-quality development. while the size and scale of the chinese economy are constantly crossing new milestones, the chinese economy is also undergoing profound changes, with its structure being improved, its model being transformed, its quality being improved and its performance being enhanced. in the first quarter of this year, the added value of high-tech manufacturing grew significantly faster than that of all industries above designated size, playing a significant role in driving industrial upgrading. the added value of information transmission, software and information technology services all maintained rapid growth, and the trend of innovation development continued. the contribution of final consumption expenditure to economic growth increased significantly over the same period last year, and the economic structure was adjusted and improved. the proportion of clean energy consumption continued to rise, and steady progress was made in green transformation. personal income continued to rise, and improvement in people's wellbeing continued to be strengthened... the new development philosophy has been applied to all links of development, and the chinese economy is evolving into a stage of higher shape, more complex division of labor, and a more rational structure. if the strong resilience of the chinese economy has enabled it to overcome all kinds of difficulties and obstacles, the surging vitality of the chinese economy will enable it to brave the wind and waves and complete the transformation of high-quality development.
"china's economy is an ocean." "the ocean is still there after numerous storms and storms." the chinese economy is capable of surmounting difficulties and surmounting obstacles. it has always made progress by overcoming difficulties and surpassing itself in meeting challenges. it is fully capable of withstanding short-term fluctuations and achieving long-term development. as long as we better grasp the strategic advantages, keep to the right direction in the face of risks and challenges, we will be able to keep the ship of the chinese economy braving waves and making steady progress.
source: state-owned assets and administration commission of the state council