The international community has confidence in China's economic development

Release time:Jun 11, 2024 06:33 AM

Since the beginning of this year, many international organizations have raised their expectations for China's economic growth. Experts said that the international community has full confidence in the Chinese economy. The continued stable growth of China's economy will bring more development opportunities to multinational companies and inject more development momentum into the world economy.

The International Monetary Fund recently announced that it has raised its forecast for China's economic growth this year to 5%, up 0.4 percentage points from its April forecast. The IMF said that China's GDP grew strongly in the first quarter, and the Chinese government has taken a package of policy measures to promote efficient transformation in various industries while guarding against downside risks.

In addition, international financial institutions such as Goldman Sachs, Citigroup, and Deutsche Bank issued reports respectively stating that they have raised their forecasts for China's economic growth for the whole year.

Relevant experts and institutions said that solid economic fundamentals, continued structural reforms and effective policy measures are the main driving forces for the positive and steady recovery of China's economy.

IMF First Deputy Managing Director Gita Gopinath said that China has focused its work on high-quality economic development, supported green and high-tech innovation, improved financial supervision, and introduced policies to resolve risks in the real estate industry. More comprehensive and balanced policy measures will help cope with adverse economic factors.

China's economy continues to recover steadily, further boosting the investment confidence of multinational companies. In the first four months of this year, 16,805 foreign-invested enterprises were newly established across the country, a year-on-year increase of 19.2%. At the same time, many well-known foreign companies have successively launched important investment projects in China.

In March this year, AstraZeneca announced that it would invest US$475 million in a new small molecule drug factory in Wuxi, Jiangsu; in April, L'Oreal's world's first self-built intelligent operation center was opened in Suzhou, Jiangsu; in May, Bayer announced its investment in Qidong, Jiangsu. The new Bayer Health Consumer Goods Supply Center has an investment of RMB 600 million in the first phase.

"China is AstraZeneca's second largest market in the world. AstraZeneca will continue to deepen its presence in the Chinese market and comprehensively deepen cooperation and exchanges with partners from all walks of life." Wang Lei, Global Executive Vice President, Chairman of International Business and President of China at AstraZeneca, said that the Chinese government has launched a series of new measures aimed at stabilizing the economy, which has injected continuous vitality into the overall economic recovery and further boosted market confidence. AstraZeneca will take practical actions to firmly believe in the Chinese market, Chinese manufacturing and Chinese innovation.

The steady recovery has boosted the investment confidence of multinational companies. China's active promotion of cultivating new productive forces has allowed multinational companies to see more development opportunities.

Bai Ruiming, chief commercial officer of Rio Tinto Group, said that since the beginning of this year, China's economy has made good progress, demonstrating the resilience of China as the world's second largest economy, and also bringing more opportunities for Rio Tinto in trade and cooperation.

"China's active cultivation of new innovation-oriented productivity has brought huge opportunities to companies from all over the world, including Tencel Group. We are more confident than ever before to continue to deepen and expand our business in China." Xu Xinxiong, CEO of Tencel Group, said that high-quality, personalized and healthy consumption is accelerating its penetration into various industries, which will further stimulate the vitality of China's consumer market.

Relevant people believe that China's sustained and steady economic growth will produce a series of positive spillover effects, which is a major benefit to the world economy.

Gita Gopinath believes that China plays an important and constructive role in supporting debt restructuring in low-income and fragile countries and promoting green transformation, and the IMF looks forward to continuing cooperation with China in this regard.

China's economy has achieved a steady recovery, which has played a positive role in promoting international economic and trade cooperation. Data show that in the first five months of this year, the total value of China's import and export of goods was 17.5 trillion yuan, a year-on-year increase of 6.3%. Among them, exports were 9.95 trillion yuan, an increase of 6.1%; imports were 7.55 trillion yuan, an increase of 6.4%. Whether it is as a world manufacturing power providing cost-effective products to markets in various countries, or as a world consumer power creating demand for products in various countries, China has played a positive and significant role.

Zhou Mi, a researcher at the Research Institute of the Ministry of Commerce, said that China's sustained and steady economic growth has injected greater impetus into multilateral, bilateral and regional trade cooperation, and has also made regional supply chains more resilient, thereby promoting stable recovery and innovative development of the regional economy.

New Development Bank President Rousseff said at the 2024 Global Trade and Investment Promotion Summit held recently that China is an important engine of world economic growth. Research by the International Monetary Fund shows that for every 1 percentage point of China's economic growth, the output of other economies will increase by 0.3 percentage points. As the world's second largest economy, China's economy has added much-needed stability to the world economy.

Zhou Mi said that China's economy is an important part of the global economy and its contribution to world economic growth is very high. Therefore, the continued and steady growth of China's economy will have a direct and huge role in promoting the recovery of the world economy, and will also significantly boost the international community's confidence in the prospects of world economic recovery.

comment

Another Good Year, "Fengjing" Experience the Joy of Harvest from Data and Maps Rice | Seedlings | Joy

CCTV News: In a few days, it will be the grain of grain in the 24 solar terms. During the rainy season and the awning season, rice seedlings are planted in all four fields. Every household has beautiful wheat and rice, and Lingge grows everywhere. The awning season is the busiest time for farmers, as they not only harvest winter wheat but also plant rice, seizing the agricultural season and working hard. Let's open this week's "China Harvest Map" and continue to experience the busyness of this summer from the data and maps. The national winter wheat harvest has progressed by more than 30% and entered June. The national wheat has gradually entered the stage of concentrated harvest. At present, the country has harvested an area of 102.38 million mu of winter wheat, with a harvest progress of over 30%, and a daily machine harvest area of 20.98 million mu. The wheat harvest in Sichuan and Hubei is coming to an end, with nearly 60% progress in Anhui and over 50% progress in Henan. At this time, the "Three Summer" wheat harvest scene is bustling with enthusiasm. Looking at the Northeast region again

Two central committee members were appointed to new positions last week! One of them was once the youngest ministerial level leading cadre in the country. He Junke and two others

In the past week, all 31 provincial government leaders have been in place; The top leaders of the provincial public security systems in 31 provinces across the country have also been fully equipped. Last week, several officials took office. On May 31st, Liu Xiaoming, the former governor of Hainan Province, was elected as the governor of Hainan Province. With Liu Xiaoming's transition from a substitute to a regular official, all 31 provincial government leaders have been in place. According to the analysis of Shangguanhe, all 31 provincial government leaders are born in the 1960s and are members of the 20th Central Committee. In addition to Liu Xiaoming, Beijing Mayor Yin Yong, Shanxi Provincial Governor Jin Xiangjun, Heilongjiang Provincial Governor Liang Huiling, Shaanxi Provincial Governor Zhao Gang, and Jilin Provincial Governor Hu Yuting have also been appointed as provincial government leaders this year. Out of 31 people, a total of

Promote the continuous growth and upgrading of new consumption models | Consumption | Models

With the gradual implementation of multiple policies and the orderly recovery of consumption scenarios, China's consumption continues to rebound and improve. In April, the total retail sales of consumer goods increased by 18.4% year-on-year, 7.8 percentage points faster than the previous month. As the trend of consumption upgrading continues to emerge, continuously promoting the growth of new consumption models will bring new growth points for consumption expansion. The consumption data in April continued the continuous positive recovery trend since the beginning of this year. Especially with the rapid release of suppressed demand for service-oriented consumption in the early stages. The consumption of holiday travel, shopping, accommodation and catering is very popular. The number of tourists and tourism income during the May Day holiday, calculated according to comparable standards, have exceeded the level of the same period in 2019. At present, consumption presents some prominent characteristics. The consumption of contact services is growing rapidly. Residents go out shopping, dining, and traveling

Do you want to take medicine? Do you need surgery? Doctor's answer: A 58-year-old man developed a ground glass nodule in the lung four months after being tested positive

After becoming positive in December last year, 58 year old Li has been worried that his lungs will be affected. In January of this year, he underwent a CT scan and no abnormalities were found. The CT report of the physical examination in April made Old Li panic: a ground glass nodule was added to his lungs. Old Li thought about how the nodule had grown suddenly since the examination three months ago did not show it? Feeling flustered, he quickly went to see Dr. Fan Junqiang, the chief physician of the Department of Thoracic Surgery at the Second Hospital of Zhejiang University. After carefully comparing Mr. Li's physical examination report, Director Fan found that this ground glass nodule had grown rapidly in a short period of time and was highly likely to be an inflammatory nodule. Old Li anxiously asked, "Doctor, do I need to have another examination to confirm?" Director Fan comforted Old Li, saying that the interval between going for the examination now is too short and has no reference value. At least three months should be left between the examinations. Old Li asked again, "Then I..."

China refuses! "Unusual straightforwardness" countries | United States | China

The 20th Shangri La Dialogue, which lasted for three days, came to an end on the afternoon of the 4th. More than 600 military leaders, policy makers, and analysts from 40 countries gathered in Singapore and held over 100 formal closed door meetings. The Shangri La Dialogue was initiated by the UK Institute for International Strategic Studies in 2002 and is named after its annual presence at the Shangri La Hotel in Singapore. It is currently one of the largest and most standardized security dialogue mechanisms in the Asia Pacific region. The governor of Chang'an Street noted that although the topic of the Russia-Ukraine conflict was added this year, the Sino US relationship was still the most focused issue of the "incense club", attracting global attention. The defense ministers of China and the United States shook hands on the opening night of the meeting, and although they were in the same room more than once, no formal meeting was held, with almost no signs of thawing. enter

Important news

Major cultural projects that the General Secretary cares about｜The restoration of the glory of a thousand-year-old painting [New ideas lead a new journey] Sharing beauty, exchanging ideas and learning from each other to draw a new picture of human civilization Outlook丨Theoretical innovation of my country's open development in the new era China’s Vitality in Hot Words | “New Chinese-style Travel” and “Ritual Consumption”… There is something special about this Dragon Boat Festival holiday In addition to the Dragon Boat Race, what other cultural and tourism consumption hotspots are there during the Dragon Boat Festival? Big data will show you Cultural heritage | Dragon Boat Festival root-seeking and heart-building

Political situation

Vice Chairman of the Standing Committee of the National People's Congress led a team to Shanghai to carry out inspections on the enforcement of social insurance laws To convey and implement the spirit of the National Public Security Work Conference, the Standing Committee of the Municipal Party Committee conveyed and implemented the important instructions of General Secretary Xi Jinping’s important speech.The "Birthplace of the Party" protection project was launched to create a "red venue community"To promote global carbon neutrality and create a better future together, the 2024 Shanghai International Carbon Neutral Expo keynote forum was held Jinshan District Deputy Mayor Cao Jie is proposed to be appointed as a member of the district party committee standing committee, Shanghai municipal officials pre-appointment announcement The total number of open files has exceeded 970,000 volumes, and the Shanghai Municipal Archives released the 36th and 37th batches of open files

Economics

Rich holiday products promote positive interaction between humanities and economy; Shanghai welcomes more than 7.61 million visitors during Dragon Boat Festival Shanghai’s online and offline consumption totaled 31.07 billion yuan during the Dragon Boat Festival Zongzi complaints "cool down", nearly 90% involve online consumption, 12,270 consumer complaints during the Dragon Boat Festival holiday Unfold the volumes of Shanghai's century-old industrial history one by one and stroll along the Yangpu Riverside The Dragon Boat Festival in China is so fun! ,Chinese and foreign tourists enjoy the “Shanghai-style cultural tourism feast”Shanghai Gifts and National Trend Cultural and Creative Design Competition launched to optimize "Shanghai Gifts" and inherit intangible cultural heritage

Regional situation

There is so much beauty at our doorstep because of children’s creativity "Recently, she can sell 10,000 rice dumplings a day." A Zhejiang grandma rides an eDonkey 10 minutes to work in Shanghai every day.Polishing the business card of the ancient town’s night economy, the Han-style wonderful night event was held in Zhujiajiao Ancient Town The newly released "Thirty-Six Flavors" of Jinshan Banquet has become the biggest highlight, and Shanghai Jinshan has released a number of summer travel itineraries Come to Xujiahui to explore "the sounds of Shanghai in old records". What does "Sanskrit dumbbell" mean in Shanghainese? Dragon Boat Festival holiday Songjiang Qin School has new development, and intangible cultural heritage performances are staged in the garden of a century-old house

Viewpoint

is it necessary? , "no noise" must be "banned" during the college entrance examination Will young people's jobs be "taken away" by old people?How can Internet celebrities act as they please when they have money? Many anchors who “showed off their wealth” stopped broadcasting.The "Fat Cat" incident reversed, and Peking University was forced to refute the rumors... Who will deal with the "traffic promoters"?Why is it important?, "Cucumber shooting" is no longer claimed What does a “simpler” sale mean? , Tmall and JD.com successively announced the cancellation of “618” pre-sales

Vision

Qibao Tea House and Bookstore...Cultural Heritage Day: A city archaeological tour, Cricket Thatched Cottage, No. 7 Bridge Fortress This time the master took his post-00s apprentices into the community to show off his skills. There were very few young people who learned this skill 10 years ago.To cheer up the candidates, the first day of the 2024 college entrance examination: Send the exam teacher to dress up carefully Construction of the two main piers of the Chongqi Highway-Railway Yangtze River Bridge has begun What do passengers on the "Baby Bus" think? , present | Shanghai’s new buses are cute but too small Science and Technology Pioneer｜Chang'e-6 brings the "Toad Palace Treasure" home! Why does China go to the far side of the moon to "dig"?