Thursday, December 19

Tag: largest foreign exchange reserve holder

Remarks by Consul General Yang Yundong at the Media Briefing
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Remarks by Consul General Yang Yundong at the Media Briefing

Good afternoon! Asalamu alaykum! Welcome to ourConsulate. This year marks the 75th anniversary of the founding of the People's Republic of China. Over the past 75 years, especially after the launch of the reform and opening-up policy in 1978, China has achieved remarkable economic and social development. China has maintained an average annual economic growth rate of 8.9% for 45 consecutive years, increasing its economic scale by 47 times. It has become the world’s largest industrial manufacturer, largest trading nation, largest foreign exchange reserve holder, and the second-largest economy. China now has built the most complete modern industrial system in the world. China has realized industrialization in just a few decades, which took developed Western countries several centuries. ...