What is the current economic development of China?

The current economic situation in China is characterized by steady growth, deepening structural adjustment and increasing endogenous power.

Judging from the overall data, China's economic growth has remained at a relatively high level. In recent years, the GDP growth rate has stabilized at around 6%, and the unemployment rate has remained at a low level. In addition, the consumption market in China is also expanding, and the contribution of consumption to economic growth is also increasing.

At the same time, the industrial structure of China is constantly being optimized and upgraded. While the transformation and upgrading of traditional industries, the development of emerging industries is also accelerating. For example, emerging industries such as high-tech industries, green environmental protection industries and digital economy have a strong momentum of development and their contributions to economic growth are constantly improving. China is also actively promoting supply-side structural reform, optimizing resource allocation and improving production efficiency through measures such as de-capacity, de-inventory and de-leverage.

China's domestic demand market is also expanding. With the improvement of people's living standards, consumer demand is increasing. At the same time, China is also actively promoting the process of urbanization, expanding the scale of urban population, raising the income level of urban residents and further promoting consumption growth.

The main focus of economic development in China;

First, keep the proportion of manufacturing basically stable and lay the cornerstone for the development of the real economy. Manufacturing is the main body of the real economy, the foundation of the country and the foundation of a strong country.

Second, promote the great development of strategic emerging industries and create new advantages in industrial competition. China has the most complete and huge industrial system, strong production capacity and perfect supporting capacity in the world.

Third, promote new infrastructure construction and digital transformation. New infrastructure is the support for the development of digital economy and the hardware guarantee for the transformation and upgrading of the real economy.

Fourth, optimize the development environment and provide guarantee for the development of the real economy. A good development environment is the basic guarantee for the healthy and orderly development of the real economy.