China injects new momentum into the world economic recovery
2022-12-20
At the end of the year, a number of international institutions released economic prospects and made optimistic predictions about China's economic prospects. During the "1+6" round table forum held recently between the Chinese government and heads of six major international economic institutions, heads of the World Bank, the International Monetary Fund and other international economic institutions said that they were pleased to see China open wider to the outside world, appreciated China's optimization and adjustment of epidemic prevention policies, and believed that it would strengthen the momentum of China's and the world's economic recovery. Experts pointed out that as China continues to promote high-level opening up and China gradually implements the optimization and adjustment of epidemic prevention measures, China's economic and social vitality will be further released, becoming an important engine to promote the stability and recovery of the world economy. In the face of multiple challenges such as the complex and severe international environment and the rebound of domestic epidemic, China's economy has withstood the pressure and maintained its recovery momentum. On December 15, the National Bureau of Statistics of China released the latest data on the operation of the national economy. From January to November, the added value of national industries above designated size increased by 3.8% year on year, the national investment in fixed assets increased by 5.3% year on year, the total import and export of goods increased by 8.6% year on year, basic living consumption and online retail increased steadily, and the national online retail sales increased by 4.2%. A spokesman for the National Bureau of Statistics said that at present, China's market prices are rising steadily, new drivers of growth continue to grow, people's livelihood is well protected, and the overall economic and social situation is stable. The gross domestic product (GDP) directly reflects the unusual course of China's economy this year: 4.8% year-on-year growth in the first quarter, 0.4% year-on-year growth in the second quarter, and 3.9% year-on-year growth in the third quarter. In the fourth quarter, with the implementation of various policies and measures, the economy is expected to further stabilize. The Nikkei Asia Review recently reported that the global economy faces many uncertainties, but the foundation of China's economic prosperity is still solid. Among them, the growing wealth of Chinese households is one of the key drivers of China's economic growth, maintaining China's stronger consumer spending, business confidence and capital investment. "China has always focused on achieving higher quality growth." Bloomberg reported recently that in the first 10 months of this year, investment in China's high-tech manufacturing industry increased by more than 23%, much higher than that in other industries. In the fields of electrical and telecommunication equipment, investment increased by nearly 30%. The revenue of companies that produce solar panel related equipment, network base stations, factory automation equipment and lithium batteries is growing rapidly. According to the report, these industries have created more value for China's economic growth. Investors should not underestimate the prospects of China's economic growth. Huo Jianguo, Vice President of the China WTO Research Association, said in an interview with our reporter that although China's economic development faced difficulties and challenges this year, many highlights and positive factors of economic growth deserve attention. In terms of cultivating new driving forces, China has made continuous breakthroughs in the production and application of high-tech products, and the proportion of the digital economy in the total economy has reached nearly 40%. In terms of foreign trade fundamentals, the overall growth of foreign trade this year exceeded expectations, and the development of export-oriented economy still has great potential. Among them, the export growth of new energy vehicles is far ahead, becoming a new growth point of exports; E-commerce, new formats and new models have developed rapidly and become new trade
Edit:Hou Wenzhe Responsible editor:Weize
Source:People Net
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