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REAPING OPPORTUNITIES OF OPENING-UP
China's economic recovery has picked up steam in the wake of the COVID-19 epidemic, with the GDP expanding 4.9 percent year-on-year in the third quarter of 2020. The International Monetary Fund forecast China will be the only major economy to see growth this year.
Development goals set for the 13th Five-Year Plan period (2016-2020) are about to be accomplished, which will mark a new and major step forward in China's economic and scientific power, as well as national strength, the meeting said.
As indicated by the data, imbalances in the economic operation have been adjusted, Fu said, adding that the growth driver is gradually shifting from investment to consumer spending, which will be conducive to developing a more sustained economy.
