经济发展不是短跑，而是没有终点的长跑，要有一定的速度，但更重要的是看耐力和后劲。中国经济增长的质量效益在提升，这是我们希望看到的。服务业比重继续上升，电子商务、物流快递等新兴业态快速发展，高技术产业和装备制造业增长快于整个工业，产业结构调整优化“跨了栏”。节能减排也交出一份好的成绩单，上半年单位GDP能耗同比下降4.2%、碳排放强度下降5%左右，是多年来最大的降幅。我们的居民收入持续增加，消费需求平稳增长，特别是大众消费快速上升，人民群众得到了实实在在的好处。

Economic growth is not a sprint but rather long-distance running that will never end. It demands certain speed. More importantly, it demands perseverance and staying power. The quality and efficiency of China’s economic growth is improving, something that we hope to see. With the continued rise of the proportion of the service industry, the rapid development of emerging industries such as e-commerce, logistics and express delivery, and the growth of high-tech industries and equipment manufacturing faster than the entire secondary industry, the adjustment and improvement of industrial structure has progressed by leaps and bounds. We have also seen encouraging results in energy conservation and emissions reduction. Energy consumption per unit of GDP was down by 4.2%, and carbon intensity down by about 5% in the first half of this year, the biggest cuts in years. With growing household income, consumer demand is also rising steadily. In particular, consumption by the general public is increasing rapidly. People have enjoyed tangible benefits in the course of economic development.

中国经济能有这样的表现，主要靠的是改革创新。面对经济下行压力，我们没有实行“大水漫灌”式的强刺激，没有放松银根和扩大赤字，而是强力推改革，在加快行政、财税、金融、投资等重点领域改革的同时，改革和创新宏观调控方式，实施结构性调控，也就是在区间调控的基础上进行定向调控。改革对经济也是一种刺激，能够再造微观基础，优化宏观环境，激发巨大市场活力和社会创造力。我们推出一系列激活力、补短板、强实体的改革措施，就是要释放改革这一发展的巨大红利。

The Chinese economy has made these achievements thanks mainly to reform and innovation. Despite downward pressure on the economy, we have not adopted indiscriminate strong economic stimulus; nor have we ever eased monetary policy or expanded deficit. Instead, we have vigorously promoted reform in administrative, fiscal, financial, investment and other key areas and, at the same time, reformed and innovated the approaches of macro-control by promoting structural adjustment, namely targeted macro-control on the basis of range-based macro-control. Reform is also a stimulus on the economy, as it helps to improve both the micro-foundations and the macro-environment for economic growth, and could generate huge market vitality and social creativity. We have put in place a number of reform measures to incentivize market entities, strengthen weak links and boost the real economy, with an aim to release the massive dividend of reform for development.