NDRC Outlines Policy Measures to Sustain Economic Momentum and Domestic Demand

People's Daily reported that the National Development and Reform Commission held a press conference on October 20 to address key economic topics following the first three quarters. Gross domestic product expanded by 4.6% year on year during the first three quarters despite international geopolitical conflicts and frequent natural disasters, with National Economy Comprehensive Department deputy director Zuo Gang characterizing the performance as stable, innovative, and resilient. Domestic demand accounted for a 74.8% contribution rate to economic growth over the first three quarters, during which total retail sales of consumer goods and services rose 2.6% year on year and intellectual property product investment increased by 9.3%. The agency recently promoted 2 batches totaling 88 investment projects publicly to private enterprises, and Private Economy Development Bureau deputy director Liu Dan noted plans to dismantle hidden barriers, reinforce factor guarantees, and promote scene opening.

Relevant scenarios in the smart mine field will activate resources across more than 2800 mines, providing verification space for cloud computing, industrial internet of things, intelligent sensing, and autonomous driving.