Foreign Media's View of China's Economy: "Strong Growth Prospects"
2022-12-07
Against the background that the global economy is in deep recession due to geopolitical tension, high inflation, supply chain crisis and other factors, China's economy is also facing some challenges and downward pressure. However, the fundamentals of China's stable and long-term economic growth remain unchanged, which has always been the positive energy for global prosperity and development. Some foreign media recently pointed out in their reports that China has recently continued to optimize epidemic prevention and control measures and introduced a package of policies and follow-up measures to stabilize the economy, releasing a strong signal of "stabilizing the economy" and "promoting growth", further enhancing market confidence in China's economy. "The signal of China's optimization of epidemic prevention and control is encouraging." Bloomberg recently quoted the report of economists from the International Financial Association, saying that the performance of the global economy next year will be as weak as that of 2009 after the financial crisis, but "the biggest driving force for global economic growth will be China, which is constantly optimizing epidemic prevention and control measures". In November, the People's Bank of China and the CBRC issued the Notice on Doing a Good Job in the Current Work of Financial Support for the Steady and Healthy Development of the Real Estate Market, and the 16 financial measures introduced are aimed at promoting the steady and healthy development of the real estate market. From macro policies, economic activities to market performance, foreign media have focused on a new round of positive information about the resilience, potential and vitality of China's economic development, and some international investment banks and economists have raised their key forecasts for China's economy. Bloomberg News quoted Goldman Sachs Group as saying that after continuous optimization of epidemic prevention and control measures, China's GDP growth may accelerate in the second half of 2023 and continue this momentum in 2024. The report also cited ANZ's forecast that China's GDP growth forecast for next year will be raised to 5.4% from 4.2% previously. Malaysia's Edge Weekly recently quoted the analysis of Xie Dongming, an economist from Overseas Chinese Bank of Singapore, saying that the signal of China's optimization of epidemic prevention and control is encouraging, and the macroeconomic risks faced by real estate and other fields are also significantly improving. A number of foreign media reported on December 5 that, as China began to optimize its epidemic prevention and control policies in many regions, the stock market, as an economic "barometer", had recently risen significantly, and its appeal to global investors was growing. On December 5, the South China Morning Post of Hong Kong quoted Mizuho Bank's foreign exchange market analysts as saying that at the beginning of this week, investors' optimism about China's optimization of epidemic prevention policies drove the capital market to rise on a large scale. CNN reported that Morgan Stanley raised the rating of Chinese stocks from "flat" to "overweight", the first time since January 2021. Citing the analysts' report of the bank, the report said that multiple positive developments and the clear path to optimize the epidemic prevention and control policies were the reasons for raising the rating and index targets. Foreign media pointed out that the industries that had been greatly impacted by the epidemic were gradually getting rid of the negative impact, and the operation of the industry was stabilizing and rebounding and developing well. Bloomberg reported on December 5 that aviation, catering and other industries that are expected to benefit directly from the optimization of epidemic prevention measures are the main driving force for this round of growth. The US consumer news and business channel previously quoted JPMorgan Chase as saying that China's international flight activity has doubled since June and is expected to grow by 106% year-on-year from this winter to next spring. Weak global economic growth
Edit:Hou Wenzhe Responsible editor:Weize
Source:Xinhua Net
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