Nipping Economic Risks in the Bud.

The annual Central Economic Work Conference in Beijing emphasized the importance of being mindful of potential economic risks and effectively responding to them. President Xi Jinping quoted a famous line from the Song Dynasty, "We must nip early risk factors and diseases in the bud," to highlight the need for awareness of potential risks. China's economy is recovering, with solid progress in high-quality development, and it remains the biggest engine of global economic growth. However, challenges persist, both internationally and domestically, and there is a need for long-term vigilance to ensure stable economic and social development. [Extracted from the article]