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Domestic economy continues to stabilize, recover

| 2017-09-28
(Chinese Social Sciences Today)

The Chinese economy continued to stabilize and recover in August, according to a report released at a recent forum co-hosted by the National Academy of Development and Strategy and the School of Economics at Renmin University of China as well as China Chengxin Credit Management. All sectors made progress toward structural optimization. Retail sales of consumer goods realized a new growth point. The revival of foreign trade continued, greatly contributing to recovery. Wang Xiaosong, a research fellow of the National Academy of Development and Strategy, noted that China has been facing a complex international economic situation since 2017. He suggested that China play a bigger role in global governance by providing more international public goods, enhancing discourse power in international economic and trade organizations, promoting free trade agreements, and strengthening consultation and dialogue with major partners.