China Adopts Measures to Maintain the Momentum of Economic Growth

While the global economic growth rate has slowed down since the beginning of this year, China’s economy has reported continuous rapid growth, with the GDP rising by 7.9 percent in the first six months. China’s overall economic situation has remained sound. This year, the initial year of the new century, marks the beginning of China’s 10th Five-Year Plan. The Chinese Government has adopted a series of measures to stimulate economic growth. It has adhered to the principle of enlarging domestic demand, continued to implement the proactive fiscal policy and the steady monetary policy, and maintained the consistency of its policies and the necessary intensity of enforcement. It has followed the principle of focusing on development through economic restructuring, breached the traditional thinking of seeking balance in grain