The medium and long term prospects of China's economy are optimistic -- an interview with Borg brende, President of the world economic forum

2022-08-02

In a video interview with Xinhua News Agency a few days ago, Borg brende, President of the world economic forum, said that he was optimistic about the medium - and long-term prospects of China's economy. Brende said that the global economic situation will remain grim next year, and the world economic recovery is slowing down and becoming weaker, which will also have a negative impact on China's economic growth. However, "we are optimistic about the medium - and long-term prospects of China's economic development.". On July 26, the International Monetary Fund lowered its world economic growth forecast for 2022 and 2023 to 3.2% and 2.9% respectively, which is the second downward adjustment after the agency lowered its world economic growth forecast in April. Under the complicated and severe external environment, China's economy has overcome difficulties and maintained growth, showing a trend of stabilization and recovery. On the business environment for foreign enterprises in China, Brend said that China is still a good place for investment and development. China is the second largest economy in the world and has a vast market space. "For many companies, China is very attractive." According to the 2022 business confidence survey released by the European Chamber of Commerce in June this year, the vast majority of European enterprises in China achieved profits in 2021. Brender stressed that the world faces multiple challenges, and China's role in stabilizing world economic growth is crucial. "Looking back on the past 30 years, China's (economic) growth has been historic. We have not seen any other country in history eliminate absolute poverty like China," Brend said Brende said that while maintaining economic growth, China will continue to promote the transition to a green economy and inclusive growth, and continue to strive to create employment opportunities. He said that as the world's second largest economy, China's economic operation has a great impact on other parts of the world. The stable growth of China's economy in the next few years is not only related to China itself, but also of great significance to promoting world economic growth. Brende called for that the only way to revitalize the world economy is for countries to continue to adhere to the win-win thinking, continue to cooperate and carry out trade, "because if we do not do so, we will pay a high price, and the economic growth will drop significantly and cause more poverty". (news agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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