China's economy is just as warm as the current spring, with many data showing an accelerated recovery
2023-03-27
As China enters a new stage of epidemic prevention and control, the economy and society resume normal operation, and the economic recovery has pressed the "fast forward button". Recent data shows that the economy is accelerating its recovery. From the production side, industrial electricity consumption has steadily increased, and manufacturing PMI has reached a record high; From the consumer side, indicators such as catering revenue, flow of people, and logistics have rebounded, confirming the overall recovery of offline consumption; From the investment side, indicators such as excavator sales, construction machinery operating rate, cement transportation volume, and newly started projects have improved, and investment has maintained a good momentum. "China's economic recovery is just like the current warm spring and blooming flowers, full of vitality." Han Wenxiu, deputy director in charge of daily work of the China Finance Office, stated at the 2023 Annual Economic Summit of the China Development Forum on the 25th that in the volatile and changing world economy, the sustained and stable development of China's economy will be a rare highlight, and the whole year will present a good trend of accelerated growth, stable prices, full employment, and basic balance of international payments. The President of the International Monetary Fund (IMF), Georgieva, stated at the China Development Forum that in January, the IMF predicted that China's economic growth would be 5.2% this year, which is not only significant for China, but also important for the world. This means that the rebound in China's economic recovery in 2023 will make its contribution to the world economy reach one-third, or even more than one-third. Promoting recovery requires consensus and cooperation. China's global development initiative has received widespread support and positive response from the international community. China will adhere to the basic national policy of opening up, firmly pursue a win-win strategy of opening up, and constantly provide new opportunities for the world with China's new development. China will steadily expand institutional openness in terms of rules, regulations, management, and standards, and promote all countries to share institutional openness opportunities. On the 26th, Ding Xuexiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, stated at the opening ceremony of the China Development High Level Forum that we should work together to build an open world economy, share opportunities in openness, address challenges in cooperation, and promote stable recovery of the world economy. He proposed five initiatives: First, strengthen international macroeconomic policy coordination to avoid serious negative spillover effects from radical policy adjustments. The second is to adhere to true multilateralism, inject strong and positive energy into the world economic recovery, and provide more stability and certainty. Third, deepen international scientific and technological exchanges and cooperation, and create an open, fair, fair, and non discriminatory scientific and technological development environment. Fourth, create a green partnership, strengthen cooperation in clean energy, low-carbon environmental protection, pollution prevention, and other fields, and cultivate new drivers of green development. Fifth, focus on promoting common development, actively implement global development initiatives, and jointly build a global development partnership featuring unity, equality, balance, and inclusiveness. "The Chinese economy is deeply integrated into the global economy. Our analysis shows that every 1% increase in China's GDP will drive the overall growth of the Asian economy by 0.3%. China's economic recovery is now very stable and has very strong momentum," said Georgieva. Accelerated offline consumption
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：YiCai Net
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