Spokesperson of the Ministry of Foreign Affairs: China's economic performance will continue to improve, providing more opportunities for the common development and prosperity of all countries

2023-10-12

On the 11th, spokesperson for the Ministry of Foreign Affairs, Wang Wenbin, stated that the consumption boom during the Mid Autumn Festival National Day holiday reflects the broad market prospects and huge domestic demand potential of China's economy. China's economic operation will continue to improve, continue to provide important support for world economic development, and provide more opportunities for common development and prosperity of all countries. At the regular press conference on that day, a reporter asked: During the Mid Autumn Festival National Day holiday, the domestic and international tourism industry in China has shown strong recovery momentum, and consumption data continues to rise. Many foreign media believe that China's tourism fever has reached a new high, highlighting the vitality of the Chinese economy and consumer market. What is the spokesperson's comment on this? Wang Wenbin said that during the Mid Autumn Festival National Day holiday, the enthusiasm of Chinese people for travel and consumption has increased, and the "mobile China" once again confirms the strong resilience, great potential, and abundant vitality of China's economy. Data shows that during the 8-day Mid Autumn National Day holiday, the number of domestic tourism trips and domestic tourism revenue in China have significantly increased year-on-year, with comparable increases of 4.1% and 1.5% compared to 2019. During the holiday period, the daily average consumption of national service retail on relevant e-commerce platforms increased by 153% compared to the same period in 2019. During the National Day Golden Week of the National Railway, a total of 195 million passengers were sent, with a single day passenger volume reaching a historic high, surpassing 20 million for the first time in history. During the Mid Autumn Festival and National Day holiday, the economy has delivered impressive results, and the international community deeply feels the sustained recovery and overall recovery of the Chinese economy. Wang Wenbin said that recently, international financial institutions such as JPMorgan Chase, Goldman Sachs, Citibank, Deutsche Bank, and ANZ Bank have raised their expectations for China's economic growth this year to between 5% and 5.5%. The report of the United Nations Conference on Trade and Development predicts that China will continue to be the main contributor to global economic growth this year. China is the second largest consumer market and the most promising market in the world. The consumption boom during the Mid Autumn Festival and National Day holiday is a wave on the ocean of Chinese economy, reflecting the vast market prospects and huge domestic demand potential of the Chinese economy. Wang Wenbin said that as the macroeconomic policy effect continues to emerge, China's consumption potential will be further released, and the operation of the Chinese economy will continue to improve, Continue to provide important support for the development of the world economy and provide more opportunities for the common development and prosperity of all countries. (New News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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