China News Service, Beijing, March 7th "The main expected goal of this year's development is: GDP growth of about 5%" - after Chinese Premier Li Keqiang announced the expected goal of economic growth in 2023 in the government work report on the 5th, A number of foreign media have given positive comments, believing that China's economic recovery is in line with or even higher than expected, and that "5%" is a "completely achievable goal", and it is also the Chinese government's "very wise, accurate and calm assessment of the country's situation." ".

Accurate assessment of China setting 'modest targets'

On March 5, 2023, the first session of the 14th National People's Congress opened in the Great Hall of the People in Beijing.

　　A number of foreign media have noted that the Chinese government has set an economic growth target of around 5% in 2023 and a consumer price increase of around 3%.

Reuters said that this economic growth rate is a "moderate target".

　　UBS Securities China Chief Economist Wang Tao told Bloomberg that China is more cautious in setting targets, taking into account the uncertainty of the domestic and foreign environment on the one hand, and not to over-stimulate the economy on the other hand.

Recent economic conditions show that China's economic recovery is in line with or even higher than expected.

　　The Russian Satellite News Agency quoted Mikhail Karpov, the chief researcher at the Regional Research Center of the Moscow State Institute of International Relations, as saying that the 5% GDP growth target for China in 2023 is a "completely achievable goal", and it is also China's The government's "very sensible, accurate and dispassionate assessment" of the situation in the country.

　　According to CNN, in February 2023, China's manufacturing purchasing managers index (PMI) hit the best data in nearly 11 years, highlighting the rapid recovery of economic activities in China after the optimization and adjustment of epidemic prevention and control measures .

　　According to the report, Moody's Investors Service raised China's economic growth forecast for 2023 and 2024 to 5% from the previous 4% on the grounds that China's short-term economic recovery is stronger than expected.

　　Qatar Al Jazeera quoted ING as saying that the 5% growth target is not overly optimistic and does not require too much money to promote economic growth.

China is more concerned with the challenges of long-term economic development.

China's economy "seeks progress while maintaining stability" through a multi-pronged approach

On March 5, 2023, the First Session of the Fourteenth National People's Congress opened in the Great Hall of the People in Beijing.

Photo by China News Agency reporter Sheng Jiapeng

　　In addition to good expectations, the outside world's confidence in China's economy also comes from China's "steady and steady development."

　　Foreign media have noticed that in the 2023 government report, the word "stability" appears many times.

Agence France-Presse pointed out that in the past year, China has overcome enormous difficulties and challenges and achieved stable economic operation.

　　The "Wall Street Journal" of the United States stated that the 2023 Chinese government work report mentioned "seeking progress while maintaining stability."

Measures of Chinese manufacturing, services and construction activity all rebounded strongly in the first two months of the year.

　　In 2023, how will China's economy make progress while maintaining stability?

Foreign media have observed many suggestions in the government work report.

　　"Deutsche Welle" believes that "government investment and policy incentives must effectively drive the investment of the whole society", which echoes China's goal of stabilizing the economy.

　　The US Consumer News and Business Channel (CNBC) mentioned that in the Chinese government work report, "a prudent monetary policy must be precise and powerful."

　　The "Pakistan Observer" quoted Yi Gang, governor of the People's Bank of China, as saying in the article that China will implement a sound monetary policy accurately and forcefully, and create a suitable monetary and financial environment for high-quality economic development.

Integrating into the world, China releases positive signals

On March 5, 2023, the First Session of the Fourteenth National People's Congress opened in the Great Hall of the People in Beijing.

Photo by China News Agency reporter Sheng Jiapeng

　　Russia's "Kommersant" noted that in recent years, China has focused on developing new forms of foreign trade, setting up 152 new cross-border e-commerce comprehensive test areas, simplifying customs procedures, and reducing the overall tariff level from 9.8% to 7.4%.

At a time when protectionism, trade barriers and sanctions have become the main challenges facing the economy, China "resolutely expands opening up to the outside world and deepens mutually beneficial and win-win international economic and trade cooperation."

　　Hong Kong's "South China Morning Post" pointed out that the 2023 government work report sent a strong signal that China hopes to better integrate into global trade and resolutely increase China's attractiveness to foreign investors.

　　"Russia Gazette" reported that China plans to speed up the process of becoming a major trading country, will increase the import of advanced technology, equipment, energy and other products, and encourage the development of cross-border e-commerce.

China will facilitate the entry of foreign capital into its domestic market and provide more opportunities for foreign companies to operate in China.

　　Alexei Maslov, acting dean of the School of Oriental and African Studies at Moscow State University, analyzed that China is planning to increase economic growth, which means that China will need more energy and will be more active in supplying products to foreign markets , which is a positive signal for the global economy.

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