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The world is optimistic about China's economy

2023-02-11 17:24:43
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At the beginning of the New Year 2023, road traffic is busy and business districts are crowded with people. "The world's second largest economy is revitalized" "The biggest driver of global economic growth will come from China" ...... From the rising smoke and mirrors, the international media captured the Chinese economy The positive signals of the upward and upward trend. "China's economic prospects are related to the world's prosperity" - people are looking forward to, China for the recovery of the sluggish world economy to inject new momentum, create new opportunities, bring new hope.


  The optimization of epidemic prevention and control policies inspires new expectations. China has efficiently integrated epidemic prevention and control with economic and social development, optimizing its epidemic prevention and control measures in response to the situation, and the continued market rebound has greatly stimulated optimistic expectations for China's economic growth and its positive global spillover effects. CNN reported that several international financial institutions expect China's economy to rebound steadily in 2023 as the country optimizes its epidemic prevention and control policies and introduces favorable economic measures. Singapore's Lianhe Zaobao reported that China quickly broke the chain of virus transmission with efficient control at the beginning of the outbreak, allowing people's lives to return to normal, and it believes that the Chinese government will be able to "return to a vibrant economic and social life" with flexibility and pragmatism and determination under the new challenges. The Wall Street Journal quoted a number of scholars as saying that China's measures to optimize the prevention and control of the epidemic will unleash the potential of consumption and promote economic development, which is "extremely important" for the global economy. Barron's commented that China's optimal disease control policy will add hope to its own economy while strongly enhancing the possibility of a soft landing for the world economy.


  China's big market is releasing new dividends. The Central Economic Work Conference proposed to make efforts to expand domestic demand and prioritize the recovery and expansion of consumption. This means that China's mega-market will release more dividends for the world with the support of central policies, optimal adjustment of epidemic prevention and control policies, and the positive interaction of domestic and international dual cycles. China's total retail sales of consumer goods exceeded RMB 32 trillion in the first three quarters of last year, up 0.7% year-on-year, including a 3.5% increase in the third quarter. The foreign media has given widespread attention to the continued recovery of Chinese consumption. Bloomberg argues that even as growth in other major economies is slowing sharply, "China can offer an attractive story of a domestic demand-driven recovery." The U.S. consumer news and business channel quoted multinational executives as commenting that China's economy is bound to see a strong rebound as the country continues to optimize its prevention policies, "We are patient and will continue to invest in China. We see strong growth prospects, and China will become an even stronger consumer market in the next decade."


  High-quality development breeds new momentum. To judge the economy, we need to look at the shape of short-term fluctuations, but also the long-term growth trend. China's economy is making progress in a stable manner, responding to short-term shocks with "stability" and building up growth momentum with "progress", and the momentum of "progress" comes from the new development concept and high-quality development. From January to October last year, the value added of China's high-tech manufacturing industry grew by 8.7% year-on-year, and investment in high-tech manufacturing industry grew by 23.6% year-on-year, of which investment in electronics and communications equipment manufacturing industry grew by nearly 30%. A number of foreign media attention, despite the economic downturn and epidemic pressure, China's achievements in electric vehicles, artificial intelligence, digital economy, space technology, deep sea exploration and other fields, high-quality development transformation has enhanced China's economic innovation and growth sustainability, injecting new momentum for the development of the world economy. Spain's Reason newspaper reported that the science and technology cooperation between Spain and China continues to advance, injecting new momentum for the development of enterprises on both sides. Bloomberg, on the other hand, suggests that investors should not misjudge China - which is focused on achieving higher quality growth through industrial policies and shifting towards manufacturing better quality and more valuable products.


  A high level of openness creates new opportunities. Hainan's free trade port has set sail, the negative list of foreign investment access continues to be reduced, the Fair, the Service Trade Fair, the Canton Fair and the Consumer Expo have achieved new successes, and the high-quality construction of "One Belt, One Road" is gaining momentum. ...... Regardless of the wind and waves, China's determination to reform and open up remains unchanged. The Chinese government has been working hard to expand the market access and implement the reform and opening up. Expanding market access, implementing national treatment for foreign-funded enterprises, actively promoting accession to high-standard economic and trade agreements such as the Comprehensive and Progressive Trans-Pacific Partnership Agreement and the Digital Economy Partnership Agreement, and providing maximum convenience for foreign investors to engage in trade and investment negotiations in China ...... A series of measures aimed at "attracting and utilizing foreign investment with greater intensity" are being implemented. A series of policy deployments aimed at "attracting and utilizing foreign investment" have made the general consensus that "investing in China is investing in the future" clearer. A number of foreign media believe that the current global multinational investment downturn, economic recovery is weak, a posture of openness to embrace the world of China, has become a multinational companies "safe haven" and business growth is an important driving force, China's large market "irreplaceable".


Although the destruction of many wounds intends to be more and more severe, straight and heaven and earth to compete with the spring return. Although China's economy is facing many challenges, the fundamentals of steady and long-term improvement remain unchanged, and the conditions for supporting high-quality development are increasingly complete. Looking ahead to the new year, China's market potential will be fully stimulated, the door of China's openness will be opened wider and wider, and a spring-like China will surely bring significant benefits to the world economic recovery and inject strong confidence.


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