viewed from a holistic, trend-based

On relying on GDP, Kung Chan believes that this issue must be viewed from a holistic, trend-based, and societal development perspective. Currently, there are many shortcomings in China’s economic development, such as demographic challenges and poverty alleviation issues, all of which need to be addressed. From a trend perspective, on the one hand, China’s GDP growth rate has decreased from a past rate of 12% to the current 5%, and the previous high-growth economic environment inevitably led to issues like inventory accumulation, debt, and inflation. The key now lies in how to address these challenges. On the other hand, during this economic downturn, the country has also been faced with numerous additional factors, such as decoupling and supply chain disruptions, the failure of U.S.-China trade negotiations, sanctions and counter-sanctions, and so on สล็อต