Editorial: China’s Key Move to Activate Growth Momentum

The Central Economic Work Conference at the end of 2023 emphasized “focusing on economic construction as the central task and high-quality development as the primary task.” In response, policies to stabilize growth were introduced at the end of last year and beginning of the new year. Gradually, they have shown their effectiveness. After the Lunar Year holiday, local governments also showed how willing they were to stabilize the economy and boost market confidence through a series of meetings, demonstrating the high priority that the Chinese government has placed on economic growth. Recent economic data indicate that the economy continues to recover and improve, with various market entities showing vitality and vigor. The favorable conditions facing China’s development outweigh the unfavorable factors, and the basic trend of the economic recovery and long-term improvement remains unchanged.