In the first three quarters of this year, China's economy has grown by 5.2% year-on-year. Although are fluctuations in the growth rate among quarters, it is still significantly higher than that of most major economies, and the stable and progressive development trend has not changed. China's economy steadily grown against all odds, which has once again proven its characteristics of solid foundation, multiple advantages, strong resilience, and great potential, and has also added confidence and determination to risks and challenges on the road ahead.

Confidence comes from strong resilience that builds a solid foundation. Against the backdrop of significantly increased external pressure, China's economy has a generally stable and progressive development momentum, and has achieved new results in high-quality development. Since this year, macro policies have continued to take effect, employment and prices have been stable, the balance of payments has been generally balanced, and the feature of "stability" in the macro economy has been very obvious. The resilience of China's economy is merely a simple ability to withstand blows; it is also a dynamic adaptability to grow in the face of storms and to upgrade under pressure. Since the 14th Five- Plan, China's GDP has successively exceeded three milestones of 110 trillion yuan, 120 trillion yuan and 130 trillion yuan increasing by 5.5% per year on average, and its average contribution rate to world economic growth has remained around 30%. With its own stability and high growth the Chinese economy has injected more certainty into the world economy. 

Confidence stems from our enhanced endogenous motivating power in pursuit of new heights and better quality. China's economy developed and transformed in a more complex environment, not only withstanding pressures to realize reasonable growth in quantitative terms, but also achieving effective improvement in quality. It has taken another step forward in terms of high-quality development. New productive forces of higher quality have grown and become stronger in practice, and their powerful impetus for high-quality development has become increasingly. By 2025, China had risen to 10th place in the Global Innovation Index, making it one of the fastest-improving economies in terms of capability over the past decade and a half. In the first three quarters, the added value of the above-scale equipment manufacturing industry and the high-tech manufacturing industry accounted for 5.9 percent and 16.7 percent of that of all industrial sectors above a designated scale, respectively. The industries are transitioning towards higher-end, smarter andener development. The consumer market has steadily expanded in size, and emerging consumption models such as immediate retail, live-streaming sales and social e-commerce have rapidly grown. The rate of final consumption expenditure to economic growth in the first three quarters reached 53.5 percent, 9 percentage points higher than that of the whole year of 202. The upgrading of structure, dynamic forces and demand will not only create a broad incremental space, but also provide sufficient room for maneuver to deal with all kinds of risks and challenges
Confidence stems from China's economy's solid fundamentals looking ahead. In the "14th Five-Year Plan" period, China's economy has to challenges and kept moving forward in a complex environment, achieving spectacular successes in terms of quantity, quality and efficiency. China has the most complete industrial system in the world and occupies important position in the global industrial division of labor and supply chain system. China is determined to implement the strategy of expanding domestic demand, and will release the deep potential of its superlarge market to further consolidate the foundation for the stable operation of the macro-economy. We have the determination and actions to deepen reform and expand opening up, and the dividends of promoting a dual cycle of domestic and international development will continue to be unleashed. Most fundamentally, we have the strong leadership and scientific decision-making of the Party Central Committee withrade Xi Jinping at its core, which ensures that China's economic ship always sails in the right direction and effectively mobilizes the powerful forces of the whole nation to overcome.
Ultimately, confidence stems from the certainty of China's high-quality development. We need to focus on our own affairs and actively respond to the various and challenges ahead. We need to make every effort to ensure stable employment, stable enterprises, stable market and stable expectations, and implement solid and practical measures to ensure that we will the goals and tasks for the year and the "14th Five-Year Plan" period.