in 1978, and sh阿拉爱上海品茶微信ifted its focus toward building its economy.
Data from the National Bureau of Statistics (NBS) shows the count
ry’s GDP increased 33.5 times in constant prices from 1978 to 2017, with average annual gr
owth at 9.5 percent, far exceeding the global average of 2.9 percent in the same period.
During 40 years of reform and opening-up, China’s economic aggregate increased significantly.
GDP stood at 364.5 billion yuan in 1978, before jumping to 1 trillion yuan in 1986, 2 trill
ion yuan in 1991, over 10 trillion in 2001, 30 trillion yuan in 2006, and over 80 trillion yuan 2017.
The country’s worldwide economic aggregate ranking is also rising, from 11th spot in 1978 to second in 2010.
President’s message calls for tackling legal, security, governance challenges
President Xi Jinping called on Sunday for strengthened cooperation among countries to explo
re opportunities of digital, internet-based intelligent development and to properly address le
gal, security and governance challenges arising from big data industry development.
He made the remarks in a congratulatory letter to the China Internati
onal Big Data Industry Expo 2019, which kicked off in Guiyang, Guizhou province.
The new generation of information technology, represented by the internet, big data an
d artificial intelligence, is booming at present and has significant and profound influence on various cou
ntries’ economic development, social progress and people’s lives, Xi said in the letter.
various social conflicts, and said efforts must be made to address legitimate and lawful concerns to safeguard public int
erests, and also guide the public in voicing their concerns in a law-based manner to maintain social order.
Strong pressure must be maintained to crack down on crimes such as organized gang activity, violent and terroristic cri
mes, as well as those related to fraud, robbery, food and drug safety, and environmental protection, Xi said.
Calling social fairness and justice a lifeline for judicial and law enforcement work, Xi called for improving the mec
hanism of the use of power in law enforcement as well as the supervision over such powers.
Efforts should be made to help the public feel fairness and justice in every case, Xi said.
He also urged public security staff to improve their work so that human rights can be guarant
eed while crime is fought, and fairness can be ensured while efficiency of law enforcement is pursued.
going reform measures have made its financial market increasingly appealing to overse
as investors,” the administration said on Monday in a statement on its website.
“The administration will continue to support the opening-up of financ
ial markets, meet demand from overseas investors to expand investment in the ma
rkets and attract global long-term capital to enter China’s financial markets,” it said.
Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore
ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co
mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.
China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi
nancing to play a more significant role in allocating savings and investment, and better serve the economy.