Financial Observation | People in overseas business circles believe that China's economic recovery and opening up will help the world economy out of the downturn
Xinhua News Agency, Beijing, September 18-The World Economic Forum Global Entrepreneurs Special Dialogue was held in video mode recently. Chinese leaders attended and interacted with entrepreneur representatives.
People in overseas business circles believe that the sustained and stable recovery of China's economy has injected impetus into the recovery of the world economy, China's further opening up will bring opportunities for international companies and investors, and China will help the world economy get out of the downturn.
Inject momentum
Faced with the severe impact of the new crown epidemic on the economy, China has coordinated the promotion of epidemic prevention and control and economic and social development, and the economy has stabilized and rebounded. In recent months, the main indicators have maintained a stable recovery trend.
Jorge Maccini, a professor of economics at the University of Buenos Aires in Argentina, believes that in the face of the epidemic, China has taken swift and effective measures, and the Chinese economy has recovered quickly; at the same time, China’s continuous release of signals of opening Inject more momentum into world economic growth.
Chinese leaders stated at the dialogue meeting that China's economic development can achieve the main annual expected goals and that the economy is expected to achieve positive growth throughout the year.
In this regard, Ronnie Lins, director of the Brazilian Center for China Studies, said that this injects confidence into the sluggish world economy. “The faster China’s economy normalizes, the more opportunities for other countries to catch the express train of China’s development.” .
Italian economist Javier Noriega believes that the healthy development of China's economy will play an important role in getting rid of the current plight of the global economy.
Bring opportunities
At the dialogue meeting, Chinese leaders emphasized that no matter how the external environment changes, China will unswervingly deepen reform and open up.
China will continue to relax market access, protect the legitimate rights and interests of foreign capital, and create a market environment where domestic and foreign companies are treated equally and compete fairly.
L'Oréal China President and CEO Fei Bori said that China, as the world's second largest and increasingly large consumer market, will only play a stronger role in the global economy and supply chain.
The Chinese consumer market is rebounding strongly from the epidemic, and China's continued reform and opening up will surely bring new opportunities.
Fabry said: "We believe that a (economy) that is becoming more resilient, more open, and occupying an important position in the global value chain will create greater opportunities for our development. We are more than ever At that time, they are more optimistic about the stability and potential of the Chinese market."
Mehran Nahjawani, managing partner and emerging market strategist of MRB Partnership, a macroeconomic research organization, said that China's continued opening up to the outside world has further enhanced the attractiveness of the Chinese market to investors.
Chen Kaifeng, chief economist of the US Huisheng Financial Management Company, believes that capital will always look for investment opportunities, and China is one of the best investment opportunities in the world.
Ji Bingmeng, executive vice president of Europe’s largest software company SAP and president of Greater China, said that China plays an important role in the global supply chain and Chinese companies are accelerating the pace of digital transformation. “We are very interested in the long-term development of this important market. confidence".
Strengthen cooperation
At present, the epidemic has significantly impacted the world economy and the rise of protectionism has caused severe challenges to the development of globalization.
People in overseas business circles generally believe that the trend of globalization will not change, and cooperation is the way to solve the crisis.
Maccini said that under the guidance of strong technological change, globalization has been an important engine for the increase in world productivity in the past few decades.
The epidemic may slow down globalization, but the process of globalization will not stop.
Jose Luis Barcelo, president of Spain's "Financial Monde", also believes that globalization has brought about change, and this positive process should not stop.
"In the long run, the direction of globalization will not be shaken, because it guarantees the relative competitive advantages of various economies and guarantees the greatest benefits of each economy in the international market." said Xu Zhenyi, president of the Nanyang Society of Singapore.
Lins said that some countries currently adopt protectionist policies that affect the stability of the global supply chain.
Countries in the world should continue to promote globalization, carry out cooperation, and use multilateralism to deal with the problems and challenges faced by human society.
Barcelo believes that the restoration of the global supply chain requires mutual trust and cooperation among all relevant participants, including governments, the World Trade Organization, industries, manufacturers and even consumers.
"At this gloomy moment when the global economy is in crisis, I don't think that protectionism is the right way to deal with it," Barcelo said. "Cooperation and multilateralism are the solutions." (Notes: Sun Oumeng, Chen Xunlei; Participating reporters: Ni Ruijie, Chen Weihua, Zhao Yan, Li Jie, Xu Yongchun, Liu Yanan, Shen Zhonghao, Feng Junwei, Xie Yuzhi, Cai Shuya, Mao Pengfei)