China News Service, Beijing, September 22 (Reporter Liu Liang) The latest data disclosed by many international organizations shows that the pace of global economic recovery has slowed down, but China's economic growth prospects remain stable.

The executive meeting of the State Council of China held on the 22nd called for inter-cyclical adjustments, stable and reasonable expectations to maintain stable economic operations, and once again signaled the steady growth of China's economy to the outside world.

  For some time, the raging delta strain of the new coronavirus mutant has put pressure on the global economy again.

According to data released by the World Health Organization, there have been at least 185 countries and regions infected with the Delta strain.

Recently, many newly reported cases in a single day in many countries are also related to the spread of this strain.

  Affected by this, the latest economic outlook issued by the Organization for Economic Cooperation and Development (OECD) recently predicted that the global GDP growth forecast for 2021 was revised down to 5.7%, a decrease of 0.1 percentage point from the forecast in May this year.

As the main engine of global economic growth, the GDP growth forecast of the Group of 20 (G20) has also been revised down from 6.3% in May to 6.1%.

  In the "Asia Development Outlook 2021 (Update)" disclosed by the Asian Development Bank (ADB) on the 22nd, ADB also predicted that the growth rate of Asian developing economies this year was 7.1%, compared with the previous April forecast of 7.3% .

The Asian Development Bank pointed out that factors that are depressing the growth prospects of the region include: variants of the new crown virus, the resurgence of local epidemics, the restart of restrictions and lockdown measures at all levels, and slow and uneven vaccination.

  Although the global economy encounters the "headwind" again, international institutions remain optimistic about China's economic growth expectations, and Chinese officials continue to release expected signals to maintain stable economic growth.

  In the latest forecast data, the OECD expects China's economic growth this year to be 8.5%, which is consistent with the expected data released in May.

Throughout the world's major economies, China continues to maintain its leading edge, and its growth rate is among the best among the G20 economies.

The data shows that the US's growth forecast has been revised down by 0.9%; the UK has dropped by 0.5%.

  The ADB report stated that, as the largest economy in the region, China's economic growth in 2021 is expected to continue to remain at 8.1%, and China's economic growth prospects for next year will also continue to maintain a forecast of 5.5%.

The above data is consistent with the situation predicted by ADB in April this year.

  According to Chen Fengying, a researcher at the China Institute of Modern International Relations, the above forecast data reveals the confidence of international institutions in China's economic growth prospects.

She said that China's stable macroeconomic policies have continued to create a good environment for economic development, especially since China's foreign trade and investment have maintained a strong growth momentum this year, which is an important reason why international institutions are stable and optimistic about China's economic growth prospects.

  The State Council executive meeting held on the 22nd pointed out that since the beginning of this year, China's economy has maintained a recovery trend and the employment situation has been stable.

In the face of recent challenges such as the recent increase in uncertainties in the international environment, the Standing Committee of the People’s Republic of China put forward the need to normalize the prevention and control of the epidemic, track and analyze economic trends, maintain the continuity and stability of macro policies, enhance effectiveness, and do a good job of pre-adjustment, fine-tuning and cross-cutting. Cycle adjustment, strengthen the linkage of fiscal, financial, and employment policies, and stabilize the reasonable expectations of the market.

Specific actions include: continuing to deepen reform and opening up, optimizing the business environment; more use of market-based methods to stabilize commodity prices, etc.; research and introduction of measures to further promote consumption, better play the role of social investment, expand effective investment, and maintain steady growth in foreign trade and foreign investment. Ensure that the economy is operating within a reasonable range.

  In the face of the current complex economic situation at home and abroad, the Chinese government and multiple departments have recently released signals that they are capable of responding.

For example, in response to the foreign trade situation, the Ministry of Commerce recently revealed that China’s foreign trade is confident of fulfilling the goal of “quantity stability and quality improvement” throughout the year, and will closely follow changes in the international market situation, pay attention to the development of market players, make policy reserves, and strengthen foreign trade risk resistance. Ability to maintain the smooth operation of foreign trade across cycles.

  The National Bureau of Statistics also recently stated that there are still many supports for the stable recovery of China’s economy in the third and fourth quarters of this year, including the continuation of the upgrading of the residents’ consumption structure. As the epidemic prevention and control gradually becomes effective, the consumption stimulus will continue to appear; With the continuous improvement of the business environment, China continues to become a hot spot for foreign investment; a series of tax cuts, fee reductions, and financial support for the real economy continue to play a role.

  "With the solid progress of the overall planning of epidemic prevention and control and economic and social development, and the effective implementation of macro-policy inter-cyclical adjustments, China's economic operation is expected to continue to remain within a reasonable range." National Bureau of Statistics spokesperson Fu Linghui in a news this month Said at the press conference.

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