International organizations and investment institutions have raised their expectations for China's economic growth this year. Against the backdrop of increasing downward pressure on the world economy, it has become a widespread consensus and expectation in the international community that "the global economic recovery depends on China".

"China's economic outlook has become clearer" "China's economy will again make the biggest contribution to global growth" "The trajectory of the world economy this year will be largely determined by Chinese consumers "...... Recently, as international organizations and investment institutions have raised their expectations for China's economic growth this year, the international community's confidence in China's economy has further increased, and "the global economic recovery depends on China" has become a widespread consensus and a common expectation. This is a widespread consensus and expectation.

The increase in China's economic growth forecast reflects the strong resilience of the Chinese economy. The International Monetary Fund (IMF) recently released an update to its World Economic Outlook report, which significantly raised China's economic growth forecast to 5.2% this year, 0.8 percentage points higher than the previous forecast. The IMF expects China's economic contribution to global growth to reach 1 in 4 this year, and the United Nations released the World Economic Situation and Prospects 2023 report, which predicts that China's economic growth will reach 4.8% and will support growth across the region. Several international investment institutions, including Morgan Stanley, Goldman Sachs, HSBC and JP Morgan, have raised their forecasts for China's economic growth this year. Bloomberg.com reports that China's economic rebound will inevitably provide a much-needed shot in the arm for the global economy.

China's optimal adjustment of its anti-epidemic policy is the most direct motivation for international organizations and investment institutions to raise their growth expectations for China. "China's optimized adjustment of its anti-epidemic policy paves the way for faster economic growth" "China's domestic consumer demand will also rise in the coming period as the Chinese government optimizes its anti-epidemic policy and takes favorable economic measures" "As China With the optimization of China's epidemic prevention policy, there will be more investment opportunities in several sectors" ...... The international community has seen a steady restoration of order in China's production and life, as well as an increasing accumulation of endogenous momentum for economic growth. During the Chinese New Year, various data from China's consumer market grew significantly, showing a strong recovery. The latest data show that China's manufacturing purchasing managers' index returned to the expansion zone in January this year, indicating a steady economic rebound. According to Barron's, in China, all the switches that can be activated are flipped to the growth side of the economy, which is gaining momentum.

China's success in keeping prices relatively low has convinced the international community that it has ample room to continue its proactive fiscal policy and prudent monetary policy. 2022 has seen a number of countries experience spikes in energy and food prices. As an example, the year-on-year growth of the consumer price index in December 2022 was 6.5% in the United States, 9.2% in the Eurozone and 10.5% in the United Kingdom. This year, global economic activity will continue to face pressure from high inflation. To curb inflation and prevent the economy from sliding into recession, the Federal Reserve has recently decided to raise interest rates by another 25 basis points, while the European Central Bank and the Bank of England both followed suit with a 50 basis point increase. In contrast, China's price level is generally stable, with the consumer price index rising 2% year-on-year for the whole of 2022. According to Masdorp, vice president of the BRICS New Development Bank, China has ample fiscal space to help provide more support to the Chinese economy in the post-reboot adjustment phase.

To judge the direction of the economy, it is important to look at both the shape of short-term changes and the long-term growth trend. With a population of more than 1.4 billion, a GDP per capita of more than $12,000 and a middle-income group of more than 400 million, China is the world's most promising mega-market, which gives China's economic development significant advantages in terms of economies of scale, innovative development and shock resistance. China has the largest and most complete manufacturing system in the world, with the output of more than 220 industrial products ranking among the world's top, occupying a pivotal position in the global industrial division of labor system and supply chain system, and possessing strong supply capacity to support the construction of a new development pattern. China has implemented a more proactive opening-up strategy, built a global network of high-standard free trade zones, and joined hands with all parties to build the "One Belt, One Road" with high quality, forming a wider scope, broader fields and deeper opening-up pattern. China has maintained its position as the world's top trading country in goods for six consecutive years, and its foreign investment intake has reached record highs, providing a solid foundation for stable economic development. According to Haibo, the representative of the Organization for Economic Cooperation and Development (OECD) in China, China has a mega market and is continuously promoting openness and cooperation, and China's economic growth will play a stabilizing role for the world and regional economic growth.

China is the world's second largest economy, and the overall rebound of its economic performance is crucial for the world. China's efforts to achieve the main expected targets of economic development this year and to promote high-quality development with a new atmosphere and new achievements will certainly make an important contribution to promoting the recovery and development of the world economy.