Page:2018 Report on the Work of the Government.pdf/21

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  • respond to the change in the principal contradiction in Chinese society;
  • heed the requirement that development must be high quality;
  • coordinate efforts to pursue the five-sphere integrated plan and the four-pronged comprehensive strategy;
  • continue to regard supply-side structural reform as our main task;
  • coordinate all work to maintain stable growth, promote reform, make structural adjustments, improve living standards, and guard against risk;
  • work hard to reform and open up further;
  • explore new ideas on and improve macro regulation;
  • promote a change in quality, change in efficiency, and change in growth drivers;
  • work particularly for solid progress in forestalling and defusing major risks, in targeted poverty alleviation, and in addressing pollution;
  • guide and stabilize expectations, improve living standards, and promote sustained, healthy economic and social development.

A comprehensive analysis of how things stand at home and abroad tells us that China, in its development, faces both opportunities and challenges.

We can expect continued recovery of the global economy, but there are also many factors that bring instability and uncertainty. The policy changes of the major economies and their spillover effects create uncertainty; protectionism is mounting, and geopolitical risks are on the ascent.

China's economy is now in a pivotal period in the transformation of its growth model, its structural improvement, and its shift to new growth drivers. There are still many hills to climb and gorges to cross; we will have to face risks and challenges, some foreseeable and others not.

In fact it's always been the case that China's achievements in development have been made whilst overcoming difficulties. Today, China's material and technological foundations are much stronger; its industrial system is complete, its market is vast, its human resources are abundant, and its entrepreneurs and innovators are dynamic. We enjoy composite advantages, and all this means that we have the ability and the conditions to achieve higher quality, more efficient, fairer, and more sustainable development.

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