Since 2018, industrial and services sectors have withstood external pressures but there is cause for concern, statistics head Kang Yi says.
China's economy has shown both strength and vulnerability over the past five years.
Strength:
* Resilient growth: Industrial and services sectors have withstood external pressures and the economy has generally maintained stable and progressive development.
* Technological advancement: The hi-tech sector and digital economy have witnessed rapid growth, offsetting decline in traditional drivers.
* Positive changes: The economy shows positive changes in scale, structure, innovation, security and environmental sustainability.
Vulnerability:
* Deep scars: The pandemic has left "deep scars" on the economy.
* Cause for concern: While the NBS head expresses optimism, the text also implies that certain areas warrant attention and concern.
Overall, China's economy is characterized by a blend of resilience, growth driven by technology, and lingering challenges stemming from recent events.
China's economy has shown both strength and vulnerability over the past five years. Strength: * Resilient growth: Industrial and services sectors have withstood external pressures and the economy has generally maintained stable and progressive development. * Technological advancement: The hi-tech sector and digital economy have witnessed rapid growth, offsetting decline in traditional drivers. * Positive changes: The economy shows positive changes in scale, structure, innovation, security and environmental sustainability. Vulnerability: * Deep scars: The pandemic has left "deep scars" on the economy. * Cause for concern: While the NBS head expresses optimism, the text also implies that certain areas warrant attention and concern. Overall, China's economy is characterized by a blend of resilience, growth driven by technology, and lingering challenges stemming from recent events.
