Economy will surely remain on healthy track

In the general trend, China's economy has entered a "new normal", which features three characteristics - slower speed, structural optimization and change of engine. There is no change in the trend of the Chinese economy growing stronger. That should be attributed to the central government's wise assessment of the situation and persistency in carrying out reform and innovation.

First, new thoughts and methods were adopted to exercise macro-control, which guaranteed the steady and healthy development of the economy. Though faced with downward pressure, the Chinese government remained unaffected. It took certain macro-control measures to address the structural problems and the other most prominent problems that had surfaced in the economy's development.

Exercised within the reasonable limits of economic operation, these macro-control measures included specially targeted tax reduction, specially oriented deposit reserve ratio cuts and pledged supplementary lending, which were combined with the overall reduction of fees, taxes and the deposit reserve ratio to help enhance market demand, augment supply and improve growth quality.