China News Network, April 4 Comprehensive report, a few days ago, the International Monetary Fund (IMF) said that China's economic growth rate is expected to be 15.2023% in 5, and its strong rebound is conducive to Asian and even global economic growth.

China's economy continues to improve and has attracted much attention. China's economy has become the "anchor" of world economic stability, and the so-called "decoupling" from China can hardly stop the trend of the times of Sino-foreign cooperation and mutual benefit.

Data map: On April 4, aerial photography of the Changzhou Water Conservancy Hub in Wuxi, Guangxi, ships passed through the locks in an orderly manner, and all kinds of materials were transported smoothly, a busy scene.

China's economy rebounded strongly

IMF: Good for global growth

Recently, the US Consumer News and Business Channel (CNBC), Bloomberg, Russian Satellite News Agency and many other foreign media noted that the International Monetary Fund (IMF) released the latest version of the World Economic Outlook Report on April 4. The report predicts that the global economy will grow by 11.2023% in 2, down 8.0 percentage points from the previous forecast. Meanwhile, China's economic growth rate in 1 will be 2023.5%.

IMF Managing Director Georgieva said during the IMF/World Bank spring meeting that the strong rebound in China's economy is good for global growth, while warning global policymakers about the risk that supply chain security issues could trigger a new Cold War.

Krishna Srinivasan, director of the IMF's Asia-Pacific Department, further analyzed that global inflation is slowing but remains high, and pressures on the banking systems in the United States and Europe have injected greater uncertainty into the already complex economic landscape. However, despite the challenging world economy in 2023, the Asia-Pacific region remains dynamic.

Krishna Srinivasan pointed out that the Asia-Pacific economy is expected to grow by 2023.4% in 6, 0.3 percentage points higher than the previous forecast, which largely reflects the effect of China's epidemic prevention policy optimization and adjustment. This means that the Asia-Pacific region will contribute more than 2023% to global economic growth in 70.

"The strong rebound of China's economy will have a positive spillover effect on relevant trading partners and provide new impetus for Asia's economic growth." Srinivasan said.

Data map: On April 4, Shanghai, a number of ultra-large container ships were carrying out container loading and unloading operations at the Yangshan Deepwater Port Terminal of Shanghai Port lined with bridges and cranes, and the terminal operations were busy and orderly.

The anchor of world economic stability

"Decoupling" from China does not correspond to reality

China's continuous opening up and sustained economic improvement have also attracted the attention of the world. The New York Times noted that China's move towards a "leader" position in the field of sodium batteries will dominate the future of the battery industry.

China is preparing for a new generation of major innovations that will lead rechargeable batteries: replacing lithium with much cheaper and much more reserve-rich sodium. In addition, the most immediate and promising use of sodium batteries today is the power grid, that is, the network of transmission lines and towers. The market for grid-grade batteries is growing rapidly, especially in China.

On April 4, Reuters also commented that foreign companies have increased their investment in China, allowing some "decoupling" talk to be "drowned".

Japan Display Corporation, a supplier of Apple in the United States, said it will provide OLED technology to Chinese companies and jointly build display factories; Tesla announced that it will build a new energy storage super factory in Shanghai, with an initial annual production of 1,<> commercial energy storage batteries; Airbus Europe plans to build a second production line in China to increase its production capacity there.

Two "powerful engines" of the German economy, Volkswagen and chemical company BASF, are also expanding their investments in China. Volkswagen announced that it will customize the model according to the wishes of Chinese customers and invest billions of dollars in local partners and production sites; BASF is advancing a plan to build a new chemical production site at a cost of 100 billion euros.

A study by the Kiel Institute points out that "decoupling" from China is very costly for Europe, and especially for Germany given the closeness of the German-Chinese economic relationship. Using the study's GDP for 2019, Germany could lose more than 1310 billion euros in revenue.

Recently, some US politicians have expressed similar views. Jay Schenberg, a senior U.S. Treasury official, said in an interview with Bloomberg that the United States does not seek to "decouple" economically from China or limit China's growth. "This is neither realistic nor in our interests."

Jerry Brown, the former governor of California, told Politico that some people were "naïve" to think that China could be isolated. "Decoupling" from China means the deterioration of the US economy and the world economy, "Without China, we cannot stabilize the world economy." ”