China's economic recovery increases confidence in the world
□ reporter
The new crown pneumonia epidemic is still spreading globally.
The International Monetary Fund and the World Bank continue to lower their expectations for global economic growth this year.
However, China is expected to become the only major economy to maintain growth this year.
In the past few days, "China's economic recovery" and "China's economic growth" have become high-frequency buzzwords in international media reports on China.
The international community and experts believe that China’s economic recovery will increase confidence in the recovery of the world economy.
China's containment of the epidemic brings confidence to the world
China's effective epidemic prevention and control measures have not only provided an important guarantee for the country's economic recovery, but also brought confidence in the prevention and control of the world epidemic and global economic recovery.
Maslov, Director of the Oriental Studies Teaching and Research Office of the Russian Higher School of Economics, pointed out that during the epidemic prevention and control period, the Chinese government has taken active measures to help enterprises through a series of measures such as tax cuts and fee reductions, and delayed tax payment. In early April, almost all industries All departments have been restarted, providing preconditions for the first recovery of China's economy.
Adam Posen, director of the Peterson Institute for International Economics in the United States, believes that the Chinese government's timely and effective response measures after the outbreak, especially in the public health link, are the key to rapid economic recovery and leading the world.
This also proves that as long as we respond appropriately to help consumers restore confidence, at least part of the cause of this economic recession will disappear.
The total sales of American sports and leisure brand Skechers in the second quarter fell by 42% year-on-year, but it achieved 11.5% growth in the Chinese market.
Skechers CEO Day Weinberg said, "China provides a sample of recovery, stability and growth."
Recently, the third quarter survey released by the US Consumer News and Business Channel (CNBC) Global Chief Financial Officer Committee showed that global chief financial officers are more optimistic about the outlook for the Chinese economy.
In this survey, CFOs’ average expectation of China’s gross domestic product (GDP) was “stable”.
This comprehensive opinion from large global market players shows that China’s response policies and the continued improvement of the economy have given these companies a sense of stability as the current epidemic continues to spread and global economic downside risks have increased. The development of these companies in China has added more certainty.
China's economic recovery stimulates world economic development
Against the background that the new crown virus epidemic hits the global economy severely, the Chinese economy is becoming an important force driving the recovery of the world economy.
The Russian Satellite News Agency recently published an article titled "China's Economic Recovery Will Drive Economic Growth in More Countries" and pointed out that the International Monetary Fund predicts that the economies of some countries in the Asia-Pacific region, especially China, will continue to grow, and will bring the world economy back to normal. .
"Russia" pointed out in an article that China has the ability to become a stable pillar of the global economy in the context of the current new crown virus epidemic that is increasingly hitting the global economy.
"Russia" President Negoica believes that China's resumption of work and production will inject impetus into the recovery of the world economy in the context of the global economic downturn caused by the epidemic.
Japanese media reported that since July, the Japanese economy, which has been hit by the new crown epidemic, has shown signs of stabilization. This is mainly due to the recovery of China's economy; Japan's exports to China and the production and sales of Japanese companies in China have recovered, becoming a bleak economic data. Highlights.
As China's economic growth resumes its upward trend, Japan's domestic economic circles generally expect China to lead the recovery of the world economy in the "post-new crown era" and further strengthen Japan-China economic cooperation.
In an interview, Seguchi Seguchi, research director of the Canon Global Strategic Research Institute, pointed out in an interview that in the “post-new crown era” China’s economy is expected to once again play its role as a locomotive and lead the world economy to achieve recovery. Be benefited.
Nicholas Lardy, a senior researcher at the Peterson Institute for International Economic Research, also said a few days ago that China was the first major economy to show signs of recovery. In the context of the global recession and the general negative growth of advanced economies, China’s economic recovery will have a significant impact on the global economic recovery. Important and positive meaning.
CNN published an article that China has avoided economic recession, which is good news for the world.
Recently, the Wall Street Journal of the United States also praised China, believing that with the recovery of China’s consumer economy, many Western companies’ sales in China have bucked the trend, not only offsetting the loss of their domestic sales decline, but also making China a global As the "safe haven" for many companies, some well-known American brand executives specifically mentioned in the latest earnings season that it was China that helped them through the difficult three months.
The Ukrainian State News Agency quoted the Ukrainian National Statistics Agency as saying that in the second quarter, Ukraine’s GDP fell 11.4% year-on-year and 9.9% month-on-month.
However, the economic and trade cooperation between Ukraine and China has grown substantially against the trend and has become the most important external factor driving Ukraine's economy.
The Bank of Korea issued a research report on August 30, stating that the Chinese economy will maintain the momentum of recovery, which will have a positive impact on South Korea’s exports to China.
The report analyzes that with the rapid control of the epidemic and the restart of China's economic and social activities, China's investment demand will drive economic growth in the future, and private consumption will slowly rebound, which is enough to absorb the impact of the epidemic on the economy.
Countries around the world look forward to strengthening cooperation with China
Gabuyev, head of the "Russia in the Asia-Pacific Region" project at the Carnegie Center in Moscow, believes that as China's economy improves, infrastructure construction will generate demand for ore and energy, and the fundamentals and long-term development of Russia-China economic and trade cooperation The situation has not changed.
Timofeev, an associate professor at the Russian People’s Friendship University, believes that the growth of Russia-China economic and trade cooperation is mainly due to a series of large-scale cooperation projects initiated by Russia and China in recent years, such as the East Route Natural Gas Pipeline Project and the "Yamal LNG" project. .
Not only Russia, but China's economic development has also given the international community a broader willingness to cooperate with China.
Yuri Tavrovsky, chairman of the Committee of Experts of the “Russian-China Friendship, Peace and Development Committee”, believes that European countries very much hope to develop relations with China, so as to get rid of the influence of the United States. Some of them are protecting their trade with China. right.
Due to the impact of China's economic recovery, Japanese companies have begun to show signs of expansion in investment and production in China.
The Canon International Institute for Strategic Studies said in a report that Japanese companies still show a positive attitude towards investment in China under the Sino-US trade friction.
According to the report, Japanese companies, mainly in automobiles and electronic parts, have insufficient supply due to good sales in China, and plan to expand investment to increase production capacity in China.
The 2020 membership survey recently released by the US-China Business Council shows that despite the tension between the two countries under the new crown pneumonia epidemic, nearly 70% of the interviewed US companies are optimistic about the business prospects of the Chinese market in the next five years.
Based on the "long-term confidence" in the Chinese market, 87% of the interviewed US companies indicated that they do not plan to move their production lines out of China.
Suba Singh, chairman of the Sri Lanka Export Development Council, believes that after the global epidemic of the new crown epidemic, China's economic recovery will bring huge opportunities to its trading partners.
The Sri Lanka-China Free Trade Agreement under negotiation will serve as a catalyst to promote the development of trade between the two countries.
Suba Singh said that the Sri Lanka Export Development Committee is preparing to participate in the 2020 China International Import Expo.
This event is an important measure for China to open its market and promote trade. It is also an international cooperation platform for countries to showcase their development achievements and discuss global economic and trade issues.
On September 1, Vice Foreign Minister Le Yucheng had a video call with Ukraine’s First Deputy Foreign Minister Jabarova to exchange views on China-Ukraine relations and cooperation in fighting the new crown pneumonia epidemic, and strengthen practical cooperation within the framework of the “Belt and Road” initiative Reach a broad consensus.
The two sides emphasized that Ukraine and China agreed to strengthen cooperation in the political and economic fields and jointly participate in the implementation of China's initiative "One Belt One Road" project.
South Korean media reports pointed out that in terms of foreign investment, China is the only country that has increased the amount and proportion of investment in South Korea.
The Bank of Korea report believes that China’s economic recovery will have a positive impact on South Korea’s exports to China, and the recovery of China’s domestic demand markets such as consumption and construction investment will benefit South Korea’s exports of machinery, equipment, and transportation machinery to China.
(Participated in writing and writing reporter Wang Gang, Chen Runze, reporter Zhang Chunyou in Russia, Japan, Sri Lanka, Ukraine, Ji Yong, Li Yazhou Jun Yang Jun)