Chinese Vice Premier Liu He will visit the US from May 9 to 10 for the 11th round of the bilateral consultation on trade issues. 

Amid the raising of tariffs on $200 billion in Chinese products from 10 percent to 25 percent from May 10, Liu’s visit signals China’s calmness in trade challenges and confidence in its resilient economy.

The ten rounds of economic and trade consultations held so far between the two sides have achieved progress. Now at a crucial stage, China will maintain its composure in continuing consultations with the US to strive for a mutually-beneficial agreement on the basis of mutual respect. China’s stable economy with great strengths and potential supports that.

Statistically, the revision of China’s growth forecast for 2019 from 6.2 to 6.3 percent by the International Monetary Fund (IMF) proves the potential of China’s economy in the eyes of international society. Historically, the reform and opening-up policy has stood the test of time, constantly adding blood to China’s economy. 

The strengths of China’s economy could be found in domestic demand, industrial development, and international cooperation. 

As a locomotive, robust domestic demand ensures China’s growth. The world’s biggest consumer market is growing. China has total retail sales of consumer goods in 2018 of 38 trillion yuan ($5.6 trillion), an increase of 9 percent from the previous year. Meanwhile, consumption upgrading has brought noteworthy developments. Service consumption expenditure almost took up half of the total consumption spending last year. Moreover, factors such as the narrowing urban-rural gap and the growing middle class will create new development drivers for the market. 

Diversified industrial development injects vitality to the economy as well. In the first quarter, state-owned enterprises registered a profit of 4.265 trillion yuan, a year-on-year rise of 13.1 percent; private enterprises performed well in trade and accounted for 40.6 percent of total trade. About 16,500 start-ups are registered in China a day. 

According to the Global Innovation Index, China's global ranking in terms of innovation jumped from 22nd in 2017 to 17th in 2018. As China shifts from high-speed economic growth to the path of high-quality development, the various steadily-developing enterprises as cells compose a whole economy full of vigor. 

Facilitated international cooperation makes China’s economic influence global. At the second Belt and Road Forum for International Cooperation in Beijing in April, a total of 283 items of practical outcomes were achieved. As of April, more than 1,800 companies worldwide have signed up for China's second China International Import Expo in November. With these signs, a good economy is presented to the world, and recognized by the world. 

There are many reasons to believe in the strengths of China’s economy. Looking ahead, the country will stay resilient to embrace development as well as face challenges, amid changing tides in the world. With that confidence, China expects to reach an agreement with the US that serves the interests of both countries and is the common aspiration of the international community.