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The Chinese economy has entered a "new normal" phase, shifting from high-speed and investment-led growth to medium-to-high and innovation-driven growth. Since the beginning of this year, we have set the tone of seeking growth while maintaining stability, with efforts going to stabilizing growth, promoting reform, restructuring, benefiting the people and preventing risks. The Chinese economy has remained in a reasonable range, showing a slow but stable and upward trend. China' s economy has grown 7 percent for the first six months, witnessing stable prices, increasing employment and optimized structuring and improved quality. Consumption has become a stronger driver for economic growth, and service sector has taken on a bigger share, while high technology and new industries have developed fast. The Chinese economy still faces downward pressure, but has resilience, potential and leeway, accompanied by sufficient foreign exchange reserves. The long-term fundamentals for an upward trend remains unchanged. We have confidence and capacity to maintain sustainable and healthy growth of the economy; we have the confidence to maintain general stability of yuan's exchange rate at a reasonable and balanced level and build an open and transparent capital market that will enjoy long-term, stable and healthy development. We will work strictly in line with the strategic planning of "Four Comprehensives", actively adapt to and guide the economic "new normal" , seeking progress while maintaining stability, reform and innovate and take development as the primary task. We will focus on improving economic development quality and efficiency, continue the proactive fiscal policy and prudent monetary policy and enhance targeted control. We will streamline administration to promote the economy proceed towards medium-to-high growth and medium-to-high level so that the economy will move towards green, low carbon, and sustainable growth. We will strive for building a well-off society in an all-round way, realizing the Two Centenary Goals and achieving the Chinese dream of the great rejuvenation of the Chinese nation.
Looking to the future, Xi said, China wishes to join hands with Britain "as we press forward in a spirit of mutual respect and equality and as we pool our efforts in the drive for mutually beneficial results."

TESTING GROUND FOR NEW MODEL OF MAJOR-COUNTRY TIES
BEIJING, Oct. 14 (Xinhua) -- A senior official of the Communist Party of China (CPC) on Wednesday called on Asian political parties to jointly promote the Belt and Road initiative.
Xi mentioned "Thucydides trap" in his speech, which demonstrated the necessity to establish mutual trust between the two countries, he said, saying that this is the problem that the two countries need to face up to jointly.
来源:资阳报