Overview: China will continue to provide strong impetus for the world economic recovery -- overseas institutions and people continue to be optimistic about China's economic operation

2022-12-19

The Central Economic Work Conference was held in Beijing from December 15 to 16. The meeting elaborated in depth the overall requirements and policy orientation of China's economic work in the next year, which will guide the economic work in the next year. Overseas institutions and people believe that China's economy is resilient, has great potential and is full of vitality. The effects of various policies continue to show. Next year's economic operation is expected to pick up overall. China will continue to provide strong impetus for the recovery of the world economy. Recently, the international market continues to show positive signs of China's economic development, and investors are confident in the prospects of China's market. UBS Group said in a report that many multinational companies are expanding production and investment in China. Data shows that in the first 10 months of this year, China's actual use of foreign capital increased by 17.4% year on year, reaching US $168.34 billion. Rongding Consulting Company recently released a report that major companies that have invested billions of dollars in China are still implementing their investment plans. Both Societe Generale and Morgan Stanley expect China's economy to pick up steadily next year. The German carmaker Volkswagen Group is one of the heavyweight investors in China. The company recently announced that its investment in two new joint ventures in China could reach US $3 billion. IMF President Georgieva said that China has enough fiscal space to boost the economy and cope with downward pressure. At the same time, China is also taking more targeted epidemic prevention and control policies to prevent supply chain interruption and slow growth. As the world's second largest consumer market and a major trading partner of more than 130 countries and regions, China is committed to promoting high-level opening up and accelerating the construction of a new development pattern. The world expects China to continue to provide strong impetus for global economic growth. Liang Guoyong, a senior economist at the United Nations Conference on Trade and Development, pointed out that China's recent optimization of epidemic prevention and control measures is conducive to promoting healthy economic growth. Looking forward to 2023, the overall recovery of China's economy will "provide an important driving force for world economic growth and contribute to the overall stability of the world economy". "China is an important economic and business partner of all countries and enterprises," said Ke Yang (famous in English), an associate professor of Chinese economics at the China Institute of King's College London. "China's undertakings and economic development undoubtedly have an impact on the global economy." Cai Weicai, senior vice president of Kaitai Bank of Thailand, said that the world economy in 2023 will be full of challenges and uncertainties, and China's economy will be resilient, More emphasis on stable operation and high-quality development will bring greater stability to the world economy. According to the statistics of the Chinese Customs, in the first 11 months of this year, China's total import and export value was 38.34 trillion yuan, an increase of 8.6% over the same period last year, achieving steady growth. Joseph Matthews, a senior professor at Beltai International University in Cambodia, believes that the growth of import and export "proves that China has opened a wider market to the world and actively participated in international trade during the epidemic, and the unexpected growth of China's trade will inject impetus into economic growth". Luka Paolini, chief strategist of Swiss Baida Asset Management Company, said that China's economic performance would recover in 2023. A large amount of pent up demand will be released in 2023, thus promoting consumption growth

Edit:Hou Wenzhe    Responsible editor:Weize

Source:People News

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