BEIJING, January 15, 2023 /PRNewswire/ — A People’s Daily report: Foreign companies and international experts believe so of China Optimizing the COVID-19 response, expanding the flow of people, will help activate the country’s economic vitality and potential, and bring important benefits to global recovery and growth.
of China The economy has grown at an average annual rate of around 4.5 percent over the past three years, apparently higher than that of the world.
The Chinese economy has demonstrated strong resilience and enormous potential. Facing the challenges of strong winds and choppy waters in the global environment, the Chinese economy achieved stable growth last year. of China Grain production topped 650 million tons for eight consecutive years, and the task of expanding urban jobs ended ahead of schedule. Also, the country exceeded its total foreign trade for the first time 40 trillion yuan ($5.97 trillion) and entertained the world’s largest commodity trader for six years in a row.
The International Monetary Fund (IMF) said global economies will face a tougher year than the previous 12 months as all major growth drivers face a slowdown in activity. The organization noted that China will achieve stable economic growth in the new year and become the biggest positive factor in the world economy.
Managing Director of the IMF Kristalina Georgieva believes that the Chinese economy will gradually achieve high-level development and end 2023 on a better note.
This is appreciated by several financial institutions, including Goldman Sachs, the French banking group Societe Generale and Morgan Stanley of China Economy would recover steadily in 2023.
HSBC said so in a Q1 report of China Export growth still exceeded world trade growth. Swiss investment bank UBS AG said many multinationals are expanding production and investments China.
In a recent report by the Rhodium Group, the new York-based consulting firms found that companies that had already invested billions of dollars in China are still implementing their investment plans.
George N. Tzogopoulos, Senior Fellow for Media, International Relations and Chinese Affairs at the Hellenic Foundation for European and Foreign Policy, said China If the COVID-19 response is optimized, cross-border flows of people will be significantly expanded.
“Investors will find more development opportunities in the dynamic Chinese market,” he said, adding that it will help boost economic growth.
French newspaper Le Monde said on its website that Provence, the Louvre Museum and La Samaritaine department store are all awaiting Chinese tourists to return to France soon.
Harrods, a London Luxury department store recently bought clothes designed for a Chinese fit for the first time since 2019.
“We are talking about very significant figures when Chinese tourists return,” said the department store’s general manager Michael Wardadding that the store would get back old friends who it hasn’t seen in the UK for years.
Singaporean Chinese-language newspaper Lianhe Zaobao said on its website that the market expects the Chinese economy to recover earlier. According to World Bank analysis, every one percent is growth of of China GDP will boost Singaporean GDP by 1.2 percentage points. Australia, Thailand, Malaysia and Indonesia’s GDP will also grow thanks to the recovery in China’s trade sector, the newspaper added.
Alejandra Grindalsenior international economist at the Ned Davis Research Group, said of China Optimizing the COVID-19 response has reduced the likelihood of global GDP growth falling below 2 percent from 80 percent to 65 percent.
Kiatipong Ariyapruchya, the World Bank’s Senior Country Economist for Thailandnoticed that of China A stable economic recovery is becoming a positive factor driving the global recovery.
SOURCE People’s Daily
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