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Long-term perspective needed to assess China's economy

By Zhong Sheng (People's Daily Online)

14:42, November 12, 2012

China has won an unshakable position in the global supply chain, industrial chain, and value chain through unremitting efforts. Correct assessment of the development trend of China's economy requires a long-term perspective on its potential and growth room, and should not be based on temporary data fluctuations.

The international community is paying close attention to China's economic situation. Optimists believe the Chinese economy is stabilizing and regaining momentum, while others are worried about a possible hard landing in China. Objectively speaking, although the country still faces complex domestic and foreign environments in its economic and social development, extensive facts and data prove that the Chinese economy still has huge potential and room for growth, and will continue to contribute to global economic recovery.

Internationally speaking, China has fully integrated into the world economy after more than 30 years of reform and opening-up, and its economy is bound to be influenced by the external environment. At present, many developed economies such as the United States, the European Union, and Japan are still struggling to recover.

Read the Chinese version at: 国际社会积极评价科学发展观, Source: People's Daily

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