The State Council Information Office held a press conference today. In response to the impact of the US imposing high tariffs on China, Sheng Laiyun, deputy director of the National Bureau of Statistics, said that China's economic foundation is stable, has many advantages, strong resilience and great potential. We have the confidence, confidence and ability to respond to external challenges and achieve established development goals. We will also promptly introduce incremental policies based on changes in the external situation.

Sheng Laiyun said that in the short term, the imposition of high tariffs by the United States will bring certain pressure on my country's economy and foreign trade, but it cannot change the general trend of China's economy continuing to improve in the long term.

China is the world's second largest economy, and has been firmly ranked as the largest manufacturing power for 15 consecutive years. It has a complete industrial system, strong supporting capabilities, and a stable foundation for economic development. At the same time, China has a population of more than 1.4 billion, a huge market size, and a per capita GDP of more than US$13,000. It is in a critical stage of consumption upgrading. The market has good growth potential, and there is a lot of room for investment and consumption, which will support the sustainable development of China's economy.

In addition, in recent years, my country has actively explored the international market and built a trade diversification pattern. In the first quarter of this year, my country's exports to countries that jointly built the "Belt and Road" increased by 7.2% year-on-year, and the import and export volume of goods accounted for more than 50% of the total import and export volume, and a diversified market pattern is taking shape.

Sheng Laiyun introduced that in the past five years, among the three major demands, the average contribution rate of domestic demand to economic growth exceeded 80%. Last year, the added value of the "three new" economy accounted for about 18% of GDP, and the added value of the core industries in the digital economy accounted for about 10% of GDP. The continuous growth of new momentum is conducive to enhancing the coordination and stability of China's economy.

Sheng Laiyun, Deputy Director of the National Bureau of Statistics: In view of the external situation this year, the Central Economic Work Conference has made full predictions, and has promptly introduced and made decisions. Our macro-policy orientation this year is that fiscal policy is more active, monetary policy is moderately relaxed, and macro-policy is more active and effective. Judging from the policy effects in the first quarter, the policy effects continue to appear, playing an important role in promoting a good start to the national economy. Our government has also repeatedly stated that it will promptly introduce incremental policies based on changes in the external situation. Because our policy toolbox is rich, it is policy-friendly to deal with external shocks and challenges.