China will continue to provide strong momentum for global economic recovery and growth

2023-06-30

In midsummer, the world's attention is once again focused on China. From June 27th to 29th, the 14th Annual Meeting of New Leaders of the World Economic Forum (Summer Davos Forum) was held at the Meijiang Convention and Exhibition Center in Tianjin. The theme of this annual conference is "Entrepreneurship: The Driving Force of the World Economy", attended by approximately 1500 representatives from over 90 countries and regions. This is the first time that the Summer Davos Forum has resumed offline since the COVID-19 epidemic occurred more than three years ago. Guests at home and abroad are optimistic about China's economic potential and development prospects, believing that China has played an important "ballast stone" role in promoting international free trade and stabilizing world economic growth. In the future, China will continue to provide strong momentum for world economic recovery and growth. "Share the vigorous opportunities of China's high-quality development" "This year, many global CEOs and business representatives came to Tianjin, which shows that everyone has great interest in China." In an interview with our reporter, the President of the World Economic Forum, Borg Brende, said that China has contributed more than 30% to world economic growth for many years in a row, and China's economic recovery is very fast after the epidemic. The Chinese government has also introduced a series of measures to stabilize economic growth, Therefore, countries have high expectations for further investment in China. During the 3-day meeting, over 180 sub forums were held, and all sub forums related to the Chinese economy were difficult to find. "China is an important engine of world economic recovery and growth. To actively participate in sub forums related to China's economy is to listen to China's new development ideas and share the vigorous opportunities of China's high-quality development." said Regina Sevilla, a youth representative from Merida, Yucatán, Mexico. Looking back over the past 10 years, China's average annual economic growth has reached 6.2%, with an average contribution rate of over 30% to world economic growth. Since the beginning of this year, the Chinese economy has shown a clear trend of recovery and improvement. In the first quarter, the Chinese economy grew by 4.5% year-on-year, and it is expected that the economic growth rate in the second quarter will be faster than in the first quarter. It is expected to achieve the expected growth target of around 5% for the entire year. The World Bank, the OECD, the International Monetary Fund and others raised their expectations for China's economic growth this year, showing confidence in China's development prospects. Economic development cannot be achieved without the support of confidence, "said Hu Zuliu, a renowned economist and chairman of Chunhua Capital Group. China has injected stability into the global economy with its own certainty, and the Chinese market is attracting global investors. Luca Ville, co founder and CEO of French sensor company Punofis, said that in the face of the huge impact of the pandemic in the 21st century, the Chinese economy still shows a good development trend. In the relevant fields of Punofis' business, we can clearly feel the strong recovery and development momentum of the Chinese economy. I believe that for enterprises from various countries, it is crucial to enter the Chinese market and develop business in China. We have established an office in Shanghai and have many partners in Beijing, Shanghai, and Shenzhen. We look forward to further expanding our business in China and deepening our business in the Chinese market in the future Against the backdrop of increasing downward pressure on the global economy, China's attraction of foreign investment has grown against the trend and shown a trend of 'incremental improvement', demonstrating the strong attractiveness of the Chinese economy to foreign investment, which is the resilience, vitality, and potential of the Chinese economy

Edit:XiaoWanNing    Responsible editor:YingLing

Source:People's network

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