By Nan Xi, People’s Daily<\/p>\n\n\n\n
Data released by China’s National Bureau of Statistics (NBS) <\/a>show that the country’s gross domestic product (GDP) expanded 5 percent year-on-year in the first half of this year, which is a truly remarkable achievement for the world’s second-largest economy.<\/p>\n\n\n\n In the face of immense challenges and difficulties, China’s economic growth in the first quarter outpaced other major economies, and it’s expected to maintain this lead in the first half of this year.<\/p>\n\n\n\n Recently, the World Bank also raised its forecast for China’s economic growth in 2024.<\/a> <\/a>China’s economy remains an important engine and stabilizer for global economic growth.<\/a><\/p>\n\n\n\n China has remained determined and forged ahead without turning back in steering its economic operation.<\/p>\n\n\n\n The country has made a considerable number of achievements in innovation since the beginning of this year, including the Chang’e-6 lunar probe bringing back the world’s first sample from the far side of the moon, <\/a>the Shenzhen-Zhongshan link, a core transportation hub project in the country’s Guangdong-Hong Kong-Macao Greater Bay Area<\/a>, setting 10 world records, and a group of Chinese telecom engineers building the world’s first field test network for 6G communication and intelligent integration.<\/p>\n\n\n\n The continuous improvement in scientific and technological self-reliance injects new momentum into the country’s efforts to accelerate the development of new quality productive forces, cultivating a growing trend toward innovation and green development-oriented transformation.<\/p>\n\n\n\n As a result of effective qualitative improvement and reasonable quantitative growth in the economy, the 5-percent growth conforms to the country’s pursuit of high-quality development.<\/p>\n\n\n\n China has maintained high spirits and a firm commitment to reform along its journey of high-quality development.<\/p>\n\n\n\n