Chinese economy still on right track China Daily editorial

　　 TherobustgrowthinChinasindustrialandretailsectorshasdefiedexpectations,withtheuptickinindustrialactivityandspendingindicatingtheeonday,,,,iththeUnitedStates,andtheinternalchallengesarisingfromthedomestictransitiontohigherqualitygrowth,thepositivegrowthmomentumiscommendable,andcanbecreditedtothegovernmentgrowthremainedlacklusterinNovember—whichwouldhavebeentakenasatellingsignofthedeclineoftheeconomyinpreviousyearswheninvestmentwasoneofthemostimportantdriversofgrowth—thisisaresultofthegovernmentspolicychoicesanditsdeterminationtorefrainfromresortingtoquantitativeeasingstimulusmeasures,whichwouldhurttheeconomyandemboldenthe,thetraditionalyear-endconsumptionsp,alongwithotherpositivesigns,,theupbeatdatademonstratethatthefundamentalsoftheecoclearthatChinawillkeepitseconomicpoliciesstabletohelpachi,includingeducation,childcare,elderlycare,healthcare,cultureandtourism,tobeacceleratednextyearandpeoplesspendingpowertobestrengthened,domesticc,withChinaandtheUnitedStatesannouncingonFridaytheyhadagreedonthetexttoaphaseonetradedeal,whichifrealizedwouldcooltheir17-monthtradewarandeasetheexternalpressure,theeconomicsituationisexpectedtobemoreconducivetogovernmentsatalllevelstoadoptacomprehensiveandholisticeconomicapproachandadvancetheregionaldevelopmentstrateganshipdemonstratedatlastweekstopeconomicworkmeetingsuggestanypessimismabouttheperformanceoftheChineseeconomynextyearwillonceagainproveill-considered.。