Is China's economy in a period of coexistence of new economy and traditional economy?

When the National Bureau of Statistics of China released important economic data a few days ago, foreign media paid close attention to China's economic performance, believing that China's economy was undergoing transformation and the new and old kinetic energy was transformed, and creative forces played a positive role.

According to the report, foreign experts said that China's economy is in a period of coexistence of the new economy and the traditional economy. Besides the traditional economy, there are dynamic new economic drivers such as e-commerce and internet finance. Creativity plays an important role in the period of transformation between old and new kinetic energy of economic growth, and the growth momentum is constantly generated, and the new economy continues to exert its strength.

In today's vibrant China economy, new kinetic energy has accumulated and is developing vigorously, old problems have been gradually solved, and creativity is subverting and eliminating the unfavorable factors that hinder development. Economic development is achieving a new dynamic balance through structural reform.

At present, China's economic development has entered a new era, from a high-speed growth stage to a high-quality development stage. Foreign media observed that the slowdown of heavy industry and real estate-related sectors in China's traditional economy was due to active regulation, while the new economy, including service industry and high-tech industry, showed strong and sustained impetus.