Economic Daily: Strengthen the foundation of domestic circulation.

The front-page article of the Economic Daily pointed out that since the beginning of this year, the international environment has become more complex, with increasing external impacts. In a world that is more uncertain and unstable, it is necessary to prioritize the development of the domestic circulation, continuously unleash the vitality potential of the super-large-scale market, and effectively resolve the impacts of external shocks and declining external demand, thereby solidifying the foundation of China's economic development. The 9th meeting of the State Council recently emphasized the importance of strengthening the domestic circulation by focusing on key points, using the inherent stability and long-term growth potential of the domestic circulation to counteract the uncertainties of the international circulation. China is a super-large-scale economy, which can and must be internally recyclable. China's market has space, and market resources are a huge advantage of a major economy. With a population of more than 1.4 billion and over 400 million middle-income group, China ranks as the second largest consumer market in the world and the largest online retail market, making it the most dynamic and potential-driven domestic demand market in the world. The industrial foundation is strong, as China is the only country in the world that has all industrial categories in the United Nations industrial classification. The overall scale of the manufacturing industry has ranked first in the world for 15 consecutive years. Innovation is strong, as China is firmly implementing a strategy of innovation-driven development, with the intensity of research and development funding in the whole society approaching the average level of OECD countries. Breakthroughs in key core technologies accelerate, and new industries, new formats, and new business models represented by "artificial intelligence+" are rapidly emerging.