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China's economy grew by 4.9 percent year-on-year in the third quarter. The country has been projected by major international organizations to be the only major economy to record growth this year. The International Monetary Fund forecast in its latest economic outlook that China's GDP will expand by 1.9 percent this year.

China's development is an evolving historical process. Last month, the 19th National Congress of the Communist Party of China was successfully convened in Beijing. Responding to our people's desire for a better life, the Congress formulated a guide to action and a development blueprint for China in the new era. It is envisaged that by 2020, China will turn itself into a moderately prosperous society in all respects, and by 2035, China will basically realize socialist modernization. By the middle of this century, China will become a great modern socialist country that is prosperous, strong, democratic, culturally-advanced, harmonious and beautiful. Under the leadership of the Communist Party of China, the Chinese people will embark on a new journey.

China's foreign trade exports have maintained year-on-year positive growth for three consecutive months since April this year, thanks to preferential policies including raising export tax rebate rates and supporting the transfer of exports to domestic sales.

China's maternal and infant goods e-commerce platforms are investing heavily and speeding up their steps to expand offline channels, such as opening indoor theme parks for children or brick-and-mortar stores, to seek new business growth avenues and enhance their "stickiness" among consumers.

China's deleveraging and risk reduction campaign showed initial signs of success in 2018, but it also constrained small and private businesses from finding credit in the less-regulated shadow banking sector. Credit constraints have affected many companies and added debt default risks, which could also increase unemployment in a slowing economy, analysts said.