During a press conference held on Wednesday, China’s top economic planner addressed recent concerns regarding the nation’s export volumes. Jin Xiandong, an official from the National Development and Reform Commission (NDRC), firmly disputed the notion that high export volumes indicate overcapacity within the economy.
Jin emphasized that in a market-driven economy, supply and demand imbalances are a natural occurrence. Far from being detrimental, these imbalances can actually foster healthy competition among businesses, driving innovation and efficiency.
This stance highlights China’s confidence in its economic resilience and its ability to manage market fluctuations effectively. By viewing supply-demand dynamics as opportunities rather than challenges, China aims to maintain its competitive edge in the global market.
For young global citizens and business enthusiasts, this perspective underscores the importance of adaptability and strategic planning in navigating international trade landscapes. As China continues to play a pivotal role in global economics, understanding its approach to supply and demand can offer valuable insights into future market trends.
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China's top economic planner: High export volume is not overcapacity
cgtn.com
