
BEIJING, Oct. 30 (Xinhua) -- An official with China's top economic planner on Friday summarized China's experience in restoring the economy while containing the epidemic as the country became the first major economy to return to growth following the COVID-19 fallout.
Timely and effective epidemic prevention and control measures helped normalize economic and social order, paving the way for development, Ning Jizhe, deputy head of the National Development and Reform Commission (NDRC), told at a press conference.
After the epidemic was gradually brought under control, the Chinese government rolled out more than 90 policies to spur work and production resumption and stabilize industrial and supply chains.
The government also introduced extensive measures to stimulate market vitality, including more fiscal spending, tax relief, and cuts in lending rates and banks' reserve requirements, Ning added.
The government's priorities in stabilizing the job market and ensuring people's livelihood helped maintain social stability, and new growth drivers, including the internet-powered economy and new infrastructure, have assumed a bigger role in boosting growth.
Deeper reforms and expansion of opening-up, including streamlining administrative procedures and easing market barriers, have stabilized expectations, foreign trade and investment, according to Ning.
Against the backdrop of sweeping efforts to stimulate growth, China's economic recovery has picked up steam, with the gross domestic product (GDP) expanding 4.9 percent year on year in the third quarter, faster than the 3.2-percent growth in Q2, official data showed.
In the first three quarters, the country's GDP expanded 0.7 percent year on year, returning to growth after the 1.6-percent contraction in the first half of the year and the 6.8-percent slump in Q1.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses