Economy can resist external pressure

The International Monetary Fund recently lowered its global economic growth outlook amid international trade conflicts. Combined with this, the economic structural adjustment in China has created new and some difficult challenges for the Chinese economy.

Despite that, President Xi Jinping emphasized at a meeting with private entrepreneurs in November last year that China should concentrate on dealing with its own businesses well, which is crucial for coping with various risks and challenges.

Last year, China's economic aggregate exceeded 90 trillion yuan ($13.45 trillion) for the first time with its GDP growing 6.6 percent and accounting for about 30 percent of global economic growth. China created 13.61 million new jobs, too, last year while maintaining international balance of payment.