International Monetary Fund Official: China is an Important Engine of World Economic Growth | International Monetary Fund | Economy

Release time:Apr 14, 2024 10:26 AM

On the 25th local time, the International Monetary Fund released the latest issue of the World Economic Outlook report. On the day of the report's release, Daniel Li, Director of the World Economic Research Office of the International Monetary Fund, stated in an interview with CCTV reporters that the Chinese economy currently accounts for one-third of global economic growth and remains an important engine for the world economy to continue moving forward.

The report raises the global economic growth forecast for 2023 to 3.0%, which is 0.2 percentage points higher than the April forecast. Daniel Lee stated that the upward adjustment of global economic growth expectations for 2023 is due to the fact that although global economic growth has slowed down, its resilience has exceeded expectations, and some economies have recovered strongly. However, due to inflation and other reasons, the global economy has not yet emerged from its difficulties.


International Monetary Fund Official: China is an Important Engine of World Economic Growth | International Monetary Fund | Economy

Daniel Lee, Director of the World Economic Research Office of the International Monetary Fund: The global economy is slowing down, but its resilience has exceeded our expectations. The economic growth rate in 2022 is 3.5%, and this year and next year's growth rate will decrease to 3%. In fact, the mid-term growth rate is still 3%, which we previously thought was 2.8%. Why raise economic growth expectations? This is because many economies have seen stronger performance in their service and tourism industries than expected.

The International Monetary Fund maintains its economic growth expectations for China unchanged. Daniel Li said that China's economic growth is accelerating this year. Although there is insufficient domestic demand, the net export performance is stronger than expected, offsetting some of the weak investment. China remains an important engine leading the world economy to continue moving forward. In addition, recently released economic data for the first half of the year in China showed a year-on-year growth of 5.5% in China's gross domestic product. Daniel Li affirmed that the overall operation of the Chinese economy is showing a rebound and positive trend.


International Monetary Fund Official: China is an Important Engine of World Economic Growth | International Monetary Fund | Economy

Daniel Lee, Director of the World Economic Research Office of the International Monetary Fund: China currently accounts for one-third of global economic growth and is an important engine for the world economy to continue moving forward. China's 5.5% growth in the first half of the year is actually higher than our forecast of 5.2% growth this year, so the 5.2% forecast should be achievable.

Daniel Li welcomes the Chinese government's adherence to an open policy and believes that China can play a very important role in opening up and strengthening global integration.


International Monetary Fund Official: China is an Important Engine of World Economic Growth | International Monetary Fund | Economy

Daniel Lee, Director of the World Economic Research Office of the International Monetary Fund: We absolutely welcome the Chinese government's ambition to further open up the economy, which means more trade exchanges and greater openness to financial investment in China. I believe that further opening up will promote more investment and growth in China. Therefore, we believe that China can play a very important role in opening up and strengthening global integration.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【