Yet on many occasions, what they faced was more fierce market competition and even life-or-death stakes. Therefore, with commitment to the CPC’s basic lines, we focus on the central task of economic development, adhere to the Four Cardinal Principles, continue to reform and open up, and we make improvements to the socialist market economic system.
In this way, fundamental guarantee is provided for continuously vitalizing market entities and enhancing economic resilience. The COVID-19 pandemic broke out in early 2020 and has lasted till now. And China’s success in responding to it is sufficient to demonstrate that our socialist market economic system is more resilient than any other economic systems in the world.