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BEIJING, Dec. 19 (Xinhua) -- China is firmly opposed to the United States adding 59 Chinese entities to its "entity list" of export controls, a spokesperson for the Ministry of Commerce said Saturday.
Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.
The coronavirus pandemic continues to rage globally. According to a report from the International Monetary Fund, the global economy is projected to contract by 4.4 percent in 2020, while China's economy is expected to grow by 1.9 percent, the only major economy to register positive growth in the pandemic-hit year.
As China has effectively contained the virus and brought production and life back to normal, Xi said the fundamentals sustaining the country's steady and long-term economic growth remain unchanged, noting China has full confidence and ability to maintain stable economic performance.
Remarkable achievements have been made over the years, testifying to the viability and effectiveness of the thought in guiding China's economic work. Despite the challenges from deglobalization, protectionism, COVID-19 and others, the Chinese economy has grown close to 100 trillion yuan (about 15.27 trillion U.S. dollars) with a per capita GDP exceeding 10,000 U.S. dollars, contributing about 30 percent to world economic growth.
