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China's economy has maintained rapid growth over previous decades, but it still does not produce the full range of goods and services that increasingly wealthy domestic consumers demand, according to a report released by the think tank.
China's economy has been transitioning from a phase of rapid growth to a stage of high-quality development. This is a pivotal stage for transforming our growth model, improving our economic structure, and fostering new drivers of growth. It is imperative that we develop a modernized economy. This is both an urgent requirement for getting us smoothly through this critical transition and a strategic goal for China's development. We must put quality first and give priority to performance. We should pursue supply-side structural reform as our main task, and work hard for better quality, higher efficiency, and more robust drivers of economic growth through reform. We need to raise total factor productivity and accelerate the building of an industrial system that promotes coordinated development of the real economy with technological innovation, modern finance, and human resources. We should endeavor to develop an economy with more effective market mechanisms, dynamic micro-entities, and sound macro-regulation. This will steadily strengthen the innovation capacity and competitiveness of China's economy.
China's manufacturing sector saw its strongest expansion in more than nine years in August as production and market demand firmed up in the aftermath of the COVID-19 epidemic, a private survey said on Tuesday.
China's digital economy reached 31.3 trillion yuan (.6 trillion) last year, which accounted for 34.8 percent of its GDP in 2018.
China's goal is to strengthen links with the region.
来源：资阳报