The Bank of Korea, the Central Bank of Korea, released a report on the 27th that the rapid recovery of China's economy is conducive to South Korea's export and tourism industry, and will have a positive impact on South Korea's economic growth. According to the report, China's economy has recovered rapidly after optimizing and adjusting its epidemic prevention policy. It is expected that China's economic growth rate will increase by 2 percentage points this year compared with last year, which is expected to drive South Korea's economic growth rate to increase by 0.3 percentage points this year. The report points out that China's economic recovery will help promote South Korea's exports to China, and it is expected that exports of chemical products, smart phones, semiconductors and other products to China will increase. In addition, since March, Chinese tourists to South Korea are expected to increase, and the service industry in South Korea will be boosted. According to the data cited in the report, in 2019, the per capita consumption of Chinese tourists in South Korea was US $1689, far higher than that of American and Japanese tourists. The growth rate of South Korea's GDP is expected to increase by 0.08 percentage points for every 1 million Chinese tourists to South Korea. (Xinhua News Agency)