On October 23, Tao Chuan, chief economist of the League of Nations Minsheng Securities, said that in the face of recent external disturbances such as the heating up of overseas geopolitical conflicts, the Chinese market is still showing remarkable resilience. China's annual economic growth is expected to be better than the IMF's expectations. Export resilience, new momentum growth, and policy implementation are the main supports. The current positive changes in the macroeconomy are reflected in the “internal and external resonance” of external demand empowering the growth of new industries and the accelerated implementation of domestic demand policies. Externally, the high increase in exports has provided impressive basic support for economic transformation. Internally, the steady development of the service industry and the construction of the “six networks” are effectively broadening the space for domestic demand recovery. As project reserves, financing connections, and factor guarantees continue to be strengthened, macro-level policy support is expected to gradually translate into actual orders for midstream and downstream enterprises.

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