China’s Economy in 2017: A Good Driver of the World Economy

On January 18th, the National Bureau of Statistics revealed that in 2017, China’s gross domestic product (GDP) totaled 82.7 trillion yuan (about 12 trillion U.S. dollars), surpassing the 80 trillion yuan mark. The country’s economy expanded 6.9 percent in 2017, with the pace of growth accelerating for the first time since 2011.

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The “Chinese Dream” Is About Defining Global China

Many Chinese describe the “Chinese Dream” as the “great rejuvenation” of the Chinese nation. Some describe the “Chinese Dream” as surpassing the US as the No. 1 power in the world. Actually, the great rejuvenation of the Chinese nation is not aiming to replace the US as the No. 1 power in the world, but to shape global China’s new identity.

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Review of 2017 China’s Economy

Since the 18th CPC National Congress, historic achievements have been made, historic changes have happened in the party and the state as well as in economic development, providing an important material foundation for historic changes in other fields, Xi said.

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