The spokesperson of the Ministry of Foreign Affairs responded to multiple international agencies raising China's economic growth expectations

2023-12-22

Recently, multiple international institutions have raised their expectations for China's economic growth this year and are optimistic about the growth momentum of China's economy next year. On the 21st, spokesperson for the Ministry of Foreign Affairs, Wang Wenbin, stated that China will continue to expand high-level opening-up to the outside world and share the dividends of China's development with the world. At the regular press conference that day, a reporter asked: Recently, the Chief Representative of the International Monetary Fund in China, Barnett, stated in an interview that China will contribute about one-third of the driving force to global economic growth in 2023, and predicted that the Chinese economy will maintain good growth in 2024. What is the spokesperson's comment on this? Wang Wenbin stated that in recent times, multiple international institutions, including the International Monetary Fund and the Organization for Economic Cooperation and Development, have raised their expectations for China's economic growth this year and are optimistic about the growth momentum of China's economy next year. It is widely believed that China is the biggest engine of global economic growth. "The study by the International Monetary Fund shows that China's economic growth will have positive spillover effects on other regions of the world. For every 1 percentage point increase in China's economy, it will increase the output level of other economies by an average of 0.3 percentage points." Wang Wenbin said, "China has the most potential super large market in the world.". The macroeconomic policy measures introduced by the government have effectively promoted economic recovery and provided ample space for the implementation of monetary and fiscal policies. China's comprehensive deepening of reform and opening up has injected strong impetus into sustained and healthy economic development. The new round of global technological revolution and industrial transformation has also provided a broader stage for China's economic development. "Overall, China's development is facing stronger favorable conditions than unfavorable factors. The basic trend of economic recovery and long-term improvement has not changed, and the factors supporting high-quality development are constantly accumulating and increasing." Wang Wenbin said that China welcomes friends from the global business community to continue "serving China and the world", and will continue to expand high-level opening up to the outside world, continuously improve the business environment, and strengthen intellectual property protection, Forming an open innovation ecosystem with global competitiveness and sharing the dividends of China's development with the world. (Lai Xin She)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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