Chinanews.com, July 16th, the GDP of 5,316.7 billion yuan, a year-on-year increase of 12.7%, a year-on-year increase of 18.3% in the first quarter, and a year-on-year increase of 7.9% in the second quarter-July 15, China's economic performance in the first half of 2021 The announcement of the single has attracted great attention from foreign media.

Many foreign media pointed out that China's economy has shown unusual resilience; China's latest economic data highlights why it is still worthwhile for many foreign companies to operate in China.

Data map: On April 19, workers produced coffee machines on the assembly line of Guangdong Xinbao Electrical Appliances.

Photo by China News Agency reporter Wang Jun

  The Wall Street Journal pointed out that after more than a year of basically controlling the new crown epidemic in China, the Chinese economy still shows unusual resilience.

  In the second quarter, China’s industrial value-added performance was once again stronger than expected, and consumption performance was stronger than lowered expectations.

People therefore hope that domestic spending may play a greater role in maintaining the momentum of economic growth in the coming months.

  However, the newspaper also pointed out that despite the steady performance of China’s economy in the second quarter of this year, in the context of increasing downward pressure and China’s shift of focus to coping with long-term challenges, it is expected that Chinese policy makers will play an important role in stimulating economic growth and allowing the economy to develop naturally. Time, seek balance.

  The British Broadcasting Corporation (BBC) cited expert analysis and pointed out that China contained the epidemic in the first quarter of 2020. After a year of economic recovery, the pace of recovery is currently slowing down, but it still maintains a momentum of growth.

  The British "Financial Times" published an article that the pace of China's economic recovery accelerated slightly in the second quarter.

As the first large economy to emerge from a closed state in 2020, China has been closely watched by other economies.

Driven by the relaxation of social distancing measures and the recovery of growth in the United States and some European countries, China's export performance for most of this year has been better than market expectations.

  Nihon Keizai Shimbun reported that economists at HSBC Global Research said that China's economic growth is still on a normal track, and the economy is rebalancing and developing towards private demand-driven growth.

  CNN pointed out in an article entitled "This is why American companies still want to develop in China" that for American companies, it is "difficult to operate in China", but China’s latest economic data highlights why For many companies, this is still worthwhile.

  Julian Evans-Pritchard, a senior analyst at Capital Macros, a British economic research agency, said in a report to clients: “In general, (the second quarter) China’s economic activity remains strong."

  The article said that overall, as the economic recovery has consolidated, China’s second quarter GDP growth of 7.9% year-on-year is noteworthy, which makes China expected to easily exceed the annual economic growth target of more than 6%.

These data show why American companies and other multinational companies are still determined to continue doing business in China.