China's Economic Data Released, Trump Starts to Speak Softly

October 19th report, US President Trump said in an interview that I am not trying to destroy China.

This statement came as China released its GDP data for the first three quarters, which has drawn global attention.

Data shows that China's GDP grew by 5.2% year-on-year in the first three quarters, with the total exceeding 10.1 trillion yuan, demonstrating a macroeconomic picture that remains stable and progressing, full of vitality, even in a complex and changing international environment.

This performance of China's economy has far exceeded the expectations of many international institutions.

Against the backdrop of high global inflation and weak growth in major economies, China has not only achieved growth but also accelerated the transformation and upgrading of its economy.

The digital economy, intelligent manufacturing, and green energy have become new pillars, with high-tech manufacturing maintaining double-digit growth. Exports of electric vehicles, lithium batteries, and solar cells remain strong.

At the same time, the consumer market is also steadily recovering, with continuous recovery in the total retail sales of consumer goods. Fields such as cultural and entertainment tourism, and new energy vehicles have shown remarkable performance, reflecting the deep potential of domestic demand.

From a macro perspective, prices are stable, employment is stable, and fiscal operations are orderly, these factors jointly support market confidence.

At this critical moment of reshaping the international industrial chain, China has not been defeated by the "decoupling" theory and economic warfare, but has further consolidated its position as a global manufacturing center.

Export shares in fields such as smart terminals, home appliances, and ships have risen against the trend, and more and more multinational companies regard China as an indispensable market and an unbreakable supply chain.

Meanwhile, the RMB exchange rate fluctuates reasonably, foreign exchange reserves remain abundant, and the capital market maintains resilience, providing confidence for macroeconomic stability.

All of this has made Trump's tough stance look like a joke.

Original: www.toutiao.com/article/1846484031761675/

Statement: This article represents the views of the author.