China's Industrial Economy Evolves into an Era of Steady Progress:Prospects and Challenges

China's industrial economy's.growth has steadily evolved into a period of slowdown but the development momentum of its industrialization and urbanization requires and supports a relatively high rate of growth of the industry.Rapid growth has transformed into an era of "steady progress ".That heralds great changes in the momentum of growth,the nature of institutional systems,and policy concepts of the industrial economy.The character of industry and the achievement of healthy development are the essence of industrial advancement in the era. "Steady progress" requires a stabilization of attitude,policy and expectation. "Progress " calls for better quality of growth,equilibrium and environmental performance.Above all,advancing reforms is fundamental to achieving these new objectives of the "steady progress ".As market is potentially powerful while government's function is limited,only moderate,prudent and cautious government regulation will provide the reliable policy assurances necessary to set China's economy firmly on the track of steady progress and sustainable growth.

Power Transmission and Distribution Equipment in Steady Progress

SEC is not only one of the largest enterprise groups in China that engaged in designing and manufacturing of power generating equipment, but also is noted for designing and manufacturing power transmission and distribution equipment. Shanghai Power Transmission and Distribution Equipment Corporation is a subsidiary of SEC. It consists of key enterprises, including Shanghai Hua Tong Switchgear Works, Shanghai Relay Plant,Shanghai Instrument Transformer Works, Shang-

Pengze Nuclear Power Project in steady progress

At the end of September, the approach way and linkage roads of Pengze Nuclear Power Project, a project developed by China Power Investment Corporation in Jiangxi Province, were all linked up, laying a solid foundation for the construction of the project.

China's Steady Progress in Building a Harmonious World

I.Building a harmonious world is not an empty slogan The renowned 18th National Congress of the Communist Party of China(CPC) was concluded in November 2012.One distinctive feature of the Congress is that it shows the entire world Chinese communists’ confidence in their path,theory and system,including their confidence in "building a harmonious world".In the report of the

Steady Progress and Future Focused

The 19th National Congress of the Communist Party of China （CPC） has set ChinEs course for the next five years and beyond.

The Next Five Years(2022-2027)Will Be Crucial for Building a Modern Socialist Country in All Respects:Implications from the Report to the 20th National Congress of the CPC

As pointed out in the Report to the 20th National Congress of the Communist Party of China(CPC),the next five years(2022-2027)will be crucial for beginning to build a modern socialist country in all respects.Firstly,the next five years will be a period of historical transition in the central task of the CPC.The central task of the CPC will be to realize the Second Centenary Goal of building China into a great modern socialist country in all respects.At this crucial stage for getting our efforts off to a good start,China should understand and pursue the Five-Sphere Integrated Plan to advance the rejuvenation of the Chinese nation on all fronts through a Chinese path to modernization.Secondly,the next five years will be a period of deep reform in which strategic opportunities,risks and challenges are concurrent.Alongside a new round of scientific and technological revolution and industrial transformation well underway,the new principal contradiction facing Chinese society,a historical transition in the central task of the CPC,and a shift in the international balance of power,profound and complex changes are taking place in China's internal and external environment for development.Uncertainties and unforeseen factors are rising and must be dealt with appropriately.Thirdly,the next five years will be a key period of achieving China's overall development objectives for 2035.It is a paramount stage of meeting the 14th Five-Year Plan goals,formulating the 15th Five-Year Plan goals,and realizing Chinese modernization by 2035.China should uphold the CPC's overall leadership,follow the path of socialism with Chinese characteristics,apply a people-centered development philosophy,remain committed to deepening reform and opening up,and carry forward our fighting spirit.Fourthly,the next five years will be a crucial period of accelerating the creation of a new pattern of development and pursuing high-quality development.Chinese modernization should be advanced through a series of strategic initiatives,such as building a high-standard socialist market economy,modernizing the industrial system,propelling rural revitalization across the board,promoting coordinated regional development,and boosting high-standard opening up.Fifthly,the next five years will be an impact period of unprecedented downward pressure on the national economy under various factors and risks beating expectations.In order to achieve the 14th Five-Year Plan goals and the overall development objectives by 2035,it is necessary to defuse the threefold pressure composed of increasing demand shrinkage,supply shocks and flagging market expectations,as well as intensifying potential risks.To accomplish the main objectives and tasks for the next five years,it is necessary to observe objective laws,apply the new development philosophy,continue to pursue economic development as central task,adopt system-based thinking,take steady steps to sustain progress,and promote high-quality development in a scientific and effective manner.