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China's visionary leadership has ensured a remarkable ascent for its political and economic fortunes. Through economic innovation in the early 1980s, China reestablished itself with strength and dignity. The 1978 reforms and opening-up helped the country to become the world's largest economy in 2014, surpassing the United States in terms of GDP based on purchasing power parity. PPP is a method used to determine the relative value of two currencies.
China's small and medium-sized enterprises will become even more important in the post-COVID-19 era given their desire to improve efficiency, and the information technology sector cannot afford to ignore it, said industry insider.
China's steel industry has achieved the upper goals two years ahead of schedule for cutting overcapacity set by the 13th Five-Year Plan (2016-20), reducing 150 million metric tons of crude steel capacity, and has removed 140 million tons of substandard steel capacity, according to Wang.
China's privately-run science and technology enterprises have also started to speed up their investment in the initiative, as the report shows.
China's strategic assessment is that COVID-19 will not change the theme of the times which remains peace and development; it will not cut short the historical trend toward multi-polarity and globalization, and still less will it deter humankind from its firm pursuit of civilization and progress.
来源：资阳报