betfred 150 free spins Trump Urges Supreme Court to Halt TikTok Ban While His Administration Works Out a ‘Negotiated Resolution’BEIJING , Dec. 8, 2024 /PRNewswire/ -- At the end of 2024, we take a look back at the Chinese economy's performance this year. China's domestic GDP grew by 5.3 percent year-on-year in the first quarter, 4.7 percent in the second quarter and 4.6 percent in the third quarter this year, with an average growth rate of 4.8 percent in the first three quarters. Since September, as a package of incremental policies continues to yield its effects, China's economy maintains an upward trend. Overall, we are fully confident in achieving our economic growth goal this year. The country's economic performance has been hard-won. Externally, transformations around the world unseen in a century are unfolding at a greater pace, with global economic growth remaining sluggish, and the complexity, severity and uncertainty of the external environment on the rise. At home, domestic demand is insufficient, social expectations remain weak and there are difficulties associated with structural adjustments. The situation is severe and complex, and the task is difficult and weighty. However, under the strong leadership of the Communist Party of China Central Committee with Comrade Xi Jinping at its core, Chinese localities and government agencies are more confident and are taking solid steps to deliver outcomes. The results underscore that "fundamentals of the Chinese economy, and favorable conditions such as a vast market, strong economic resilience and great potential remain unchanged." Huge market, vast space Markets are the scarcest resource. The modernization achieved by 1.4 billion Chinese people has resulted in the addition of a new super-large market larger than those of all developed countries combined. The new development paradigm will enable China to fully unlock its market potential and create greater demand for other countries. With a new car rolling off production line on November 14 , China's annual production of new energy vehicles (NEVs) surpassed the 10 million milestone, becoming the first country in the world to do so. Behind the number is China's robust supply and demand. In the first 10 months, China's production and sales of NEVs grew by 33 percent and 33.9 percent year-on-year, respectively. China continues to take the lead in the electrification and intelligence transformation of the automotive industry, which is attributed to the supply, policy support and demand advantage in the ultra-large market. Markets bring valuable business opportunities. Take cars for example. By the end of June, China had 345 million cars, but the country's car ownership level per 1,000 residents is less than half of that in developed countries. Additionally, China's NEV ownership is only 24.72 million, which means continuous demand in the future. Markets breed competition advantages. China's vast market contributes to the formation of "economy of scale" and "economy of scope," which generates greater profits for enterprises and reduces innovations costs, and also helps provide a large number of application scenarios and boost the large-scale application of innovations. China leads the world in batteries, motors and electronic control technologies, while its intelligent cockpits and intelligent driving are internationally advanced. Thanks to the benign interactions between supply and demand, the industrialization of new technologies and new products is speeding up. Strong resilience, solid basis Resilience strengthens self-belief. China has come to where it is today after overcoming all kinds of difficulties and challenges. Foreign trade is an important barometer in this regard. In the first 10 months of the year, China's foreign goods trade rose by 5.2 percent year-on-year to reach a new high compared with the same period historically. The improvement in the quality and efficiency of the country's foreign trade against the backdrop of shrinking external demand reflects China's economic resilience. This resilience originates from China's solid manufacturing basis and industrial chain advantages. "We could not do what we do without them," Apple CEO Tim Cook said of Chinese suppliers during his third visit to the Chinese mainland this year, as over 80 percent of Apple's 200 major suppliers have set up factories in China . China has the world's most comprehensive industrial categories and a well-rounded industrial system, with the scale of manufacturing industry ranking top for 14 consecutive years. The high-end, intelligent and green development of the manufacturing sector continues to strengthen the stability of the country's industrial and supply chain. In the first three quarters, the manufacturing industry contributed 32.2 percent to the country's economic growth, up 11.2 percentage points. China moved up to 11th place in the ranking of the world's most innovative economies. The basis is solid, and risks and challenges are not to be feared. Resilience also comes from excellent policy adjustments. The nation has been strengthening counter-cyclical adjustments, accelerating the implementation of major national strategies and the development of securities capabilities in key areas while supporting large-scale equipment upgrades and trade-in policies for consumer goods with robust measures, boosting the stabilization of the property market and galvanizing the capital market. The government has also put forward a package of measures to dissolve local government debt risks. This year, a series of existing policies continue to produce effects and incremental policies are being effectively implemented, jointly helping the economy stabilize. Vast potential, strong momentum China's economy has vast potential and many advantages and favorable conditions for sustaining long-term development momentum. China has been the world's second-largest economy for many years, but still has vast development potential in terms of per capita and structure. China's per capita GDP remains relatively low, and the country's amount of infrastructure per capita is only 20-30 percent of that of developed countries. In 2023, China's urbanization rate, which measures the ratio of permanent urban residents relative to the total population, reached 66.2 percent by the end of 2023. Estimates show that each percentage point increase in the urbanization rate could drive 1 trillion yuan ( $137.55 billion ) in investment. Currently, both China's fiscal deficit ratio and government debt ratio are low, and the country's policy toolbox remains well-stocked. The potential also lies in elementary resources. China's human resources in science and technology ranked first in the country and the average length of education received by new entrants into the workforce has increased to 14 years, turning the demographic dividend into a talent dividend. In addition, overall sufficient social capitals, vast room for the highly efficient use of land and the vast unleashing of the potential of digital elements provide solid foundational support. This potential also comes from the huge market. The country's population of over 1.4 billion and middle-income population of over 400 million support a large-scale, diverse and huge domestic market. Accelerating the building of a unified national market will improve overall economic operation efficiency and continuously unleash the potential of domestic demand. Overall, China is a country with vast territory, a large population and unbalanced and uncoordinated development. This is a shortcoming, but also represents potential and a driving force for future development. Sparking vitality and building synergy through reform is essential to continuously unleashing development potential. From implementing regulations for fair competition reviews, accelerating the legislative process of the law on the promotion of the private economy and formulating normal communication mechanisms between governments and enterprises, to releasing a new national negative list for foreign investment and removing all market access restrictions for foreign investors in the manufacturing sector, China's reforms in key fields continue to deepen this year and high-level opening-up advances in an in-depth way. The third plenary session of the 20th Central Committee of the Communist Party of China adopted the Resolution of the CPC Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization. Driven by reform of the economic system, China is correspondingly boosting reform in other fields, and the internal development momentum and vitality will continue to strengthen. Reviewing allows a clear understanding of the situation and better moving forward. While some major economies experience low growth rates and high inflation this year, China is expected to achieve its economic growth target of around 5 percent, and continue to contribute around 30 percent to world economic growth. This stable performance underlines the fact that China's economy will continue to remain on a positive trajectory over the long run. The story was originally published on the front page of the People's Daily on December 8, 2024 SOURCE Global TimesROSEN, GLOBAL INVESTOR COUNSEL, Encourages Dentsply Sirona Inc. Investors to Secure Counsel ...

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Drew Lock matched his career high of four touchdown passes and also rushed for a score and the New York Giants snapped their franchise-record 10-game losing streak with an entertaining 45-33 victory over the Indianapolis Colts on Sunday in East Rutherford, N.J. Malik Nabers had seven receptions for a career-best 171 yards and two touchdowns to exceed 100 receptions and 1,000 yards during his strong rookie campaign. New York (3-13) registered a season best for points scored by more than tripling its league-worst season average of 14.3 per game. The setback eliminated the Colts (7-9) from the AFC playoff race. Lock completed 17 of 23 passes for 309 yards and Wan'Dale Robinson and Darius Stayton also had receiving scores for the Giants, who won at home for the first time this season. Ihmir Smith-Marsette returned a kickoff for a touchdown. Joe Flacco started for Indianapolis with Anthony Richardson (back/foot) sidelined and completed 26 of 38 passes for 330 yards and two touchdowns. But he also was intercepted twice and lost a fumble. Jonathan Taylor rushed for 125 yards and two touchdowns on 32 carries, Michael Pittman Jr. had nine receptions for 109 yards and one touchdown and Alec Pierce caught six passes for 122 yards and a score. Indianapolis pulled within 35-33 on Flacco's 7-yard touchdown pass to Pittman with 6:38 remaining. The Giants answered with Lock's 5-yard scramble with 2:57 left to push the lead to nine. After Flacco was picked off by Dru Phillips, Graham Gano tacked on a 30-yard field goal 37 seconds later to put it away. New York held an eight-point halftime lead before Smith-Marsette fielded the opening kickoff of the second half and returned it 100 yards for a touchdown to give the Giants a 28-13 advantage. The Colts answered with Taylor's 26-yard run to move within eight with 11:03 left in the third quarter. Flacco threw a 13-yard touchdown catch to Pierce with 10:53 remaining in the game to move Indianapolis within two. A trick play on the two-point conversion failed. New York increased its lead to nine just more than two minutes later when Nabers caught a short pass at midfield and easily shed two tacklers before sprinting down the right sideline for a 59-yard score. Lock tossed three first-half touchdown passes as the Giants led 21-13 at the break. Nabers caught a short pass in the right flat and raced 31 yards for a score to give New York a 7-3 lead with 1:05 left in the opening quarter. He finished the day with 104 receptions for 1,140 yards. Lock tossed touchdown passes of 32 yards to Slayton and 5 yards to Robinson while increasing the lead to 21-6. Taylor scored on a 3-yard run with 20 seconds remaining. --Field Level MediaRoof of historic hotel collapses in BayfieldTrump nominates Charles Kushner, who he pardoned in 2020, as US Ambassador to France