Reuters:

What's the expected scale of this policy package and its goal? Will China reach its 5% growth target for this year? Will the current deflationary pressure on the economy ease to some extent? Thank you.

Zheng Shanjie:

Thank you. I would like to invite Mr. Zhao Chenxin to answer these questions.

Zhao Chenxin: 

Thank you to the journalist from Reuters for their questions. Mr. Zheng's previous briefing should have all the information you need. For example, we've prioritized "three areas" and have followed "four principles" in formulating this package of incremental policies. By "three areas," I mean that we have focused on ensuring the quality of economic development, supporting a sound development with the real economy and business entities as well as promoting high-quality development and high-level security in a coordinated manner. By "four principles," I mean that we have ensured that policies are target-oriented, problem-oriented, systematic and balanced while also considering both short-term and long-terms goals. There are many key words in Mr. Zheng's briefing. For instance, the package of incremental policies is designed to be comprehensive and systematic. In this sentence, "comprehensive" and "systematic" are two words central to understanding the policies. Furthermore, when it comes to implementation, we need to ensure that the policies are implemented in a targeted, precise, effective and sustainable manner. Mr. Zheng has offered a detailed explanation for all this information. Focusing on these core elements will be helpful for your understanding of the package of incremental policies. The goal of this package of incremental policies is to stimulate society as a whole's enthusiasm, initiative and creativity in order to promote high-quality development so as to boost economic recovery.

In the first half of this year, China's economy grew by 5%, with employment and price levels remaining basically stable. Today is October 8 and the first three quarters have just passed. Our data suggests that China's economy has maintained overall stability and progressive growth. As various decisions and arrangements made by the CPC Central Committee and the State Council are implemented and the effects of this package of incremental policies continue to manifest, it is expected that vitality and driving forces for development will be further unleashed, market confidence will be further enhanced and the foundations for high-quality development and stable economic performance will be further consolidated. We have the conditions, capabilities and confidence to achieve this year's targets with economic and social development. Thank you.