"Sustained efforts as runners" - Overseas people are optimistic about China's economic growth prospects
2022-10-28
According to the data released by the National Bureau of Statistics, China's economy recovered in the third quarter, and its main indicators recovered and stabilized, maintaining a reasonable range. Positive factors accumulated and increased. Overseas observers believe that China's economy has shown resilience in the face of challenges and has bright prospects for medium - and long-term growth. According to the data on accelerated economic recovery, China's gross domestic product (GDP) grew by 3% year-on-year in the first three quarters of this year, 0.5 percentage points faster than that in the first half of the year. Among them, GDP in the third quarter increased by 3.9% year-on-year, 3.5 percentage points faster than that in the second quarter. Jos é Ricardo Dossandos, CEO of Brazil Elite Entrepreneur Association in China, believes that this is a positive result of coordinating epidemic prevention and control and economic and social development, indicating that China's economic development is steady. China's adherence to the people centred development philosophy is the key to achieving steady economic growth. Yan Li, director of the China Senior Management Education Department of Nanyang Business School, Nanyang University of Technology, Singapore, believes that there are many highlights in the "report card" of China's economy in the third quarter, which shows that China's economy has great potential, a good trend and full room for growth in the future. UBS Group released a research report on the 24th, saying that China's GDP growth in the third quarter exceeded market expectations, and investment and retail played a significant role in driving growth. Economists at UBS Group said that factors such as the resilience of the manufacturing industry and the rebound in consumer spending will drive China's economy to continue to recover. Liang Guoyong, a senior economist at the United Nations Conference on Trade and Development, believes that consumption and investment have played a positive role in economic growth, and China's economy is expected to continue to operate along the upward path. Data shows that the added value of industries above designated size in September actually increased by 6.3% year on year, of which the data of automobile manufacturing industry increased by nearly 24%. Andrew Tilton, chief Asia Pacific economist of Goldman Sachs, said in an interview with the media: "Recently, industrial activities have been the source of economic growth." Song Ligang, a professor of the Crawford School of Public Policy at the Australian National University, pointed out that many countries are facing the challenges of weak economic growth and inflationary pressures, and China's economic performance has brought positive signals to the world. Kisereva, an economist at the Royal Cambodian Academy of Sciences, said that the sustained recovery of China's economy is good for China itself and the world, and will help accelerate the recovery of the world economy. The economic trauma caused by the COVID-19 epidemic has not been repaired. Inflation pressure is more extensive and lasting than expected. In addition to the energy crisis, debt pressure and other adverse factors, the world economy continues to face downside risks. Against this background, China has launched a package of economic stabilization policy measures and follow-up policies to promote economic stability. Cai Weicai, senior vice president of Kaitai Bank of Thailand, said that China has adopted a series of policies to help ease downward pressure and shift economic growth to a high-quality and more sustainable development model. Jose Luis DelaCruz, director of the Mexican Institute of Industrial Development and Economic Growth, believes that many economic policies introduced by China promote production quality and efficiency. Observers also made positive comments on China's overall stability in price levels. In the first three quarters, the national consumer price index (CPI) rose by 2% year on year. Wang Liming, Dean of the Irish Institute of Chinese Studies at the University of Dublin, believes that this figure is far lower than
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