Problems can't dim bright economic outlook

Despite facing numerous difficulties and challenges, such as relatively serious structural overproduction, China's economy still boasts good fundamentals with huge development potential, strong resilience and a huge room for self-adjustment. If China coordinates its policies well, nothing can stop it from boosting its economic growth.

The Central Economic Work Conference in December pointed out that China should expand domestic demand by increasing and raising the quality of supplies. In doing so, the top authorities hit the nail on the head, because there are several examples at home and abroad of consumption being boosted by effective supplies, such as the iPhone in the United States and high-speed railways in China.

Because high-speed trains are safe, comfortable and fast, they are being favored by an increasing number of Chinese passengers as a mode of transport; high-speed railways have also become a new symbol of China for the rest of the world. The construction of high-speed railways in China is based on the demand insufficiency theory of the Keynesian school of economics.