According to the 2022 National Economic and Social Development Statistical Communiqué released by China's National Bureau of Statistics on February 28, in the face of multiple unexpected factors at home and abroad, China has stabilized the macroeconomic market, its economic strength has reached a new level, employment and prices have generally stabilized, new momentum has continued to grow, and high-level opening up has continued to expand.
International observers believe that China's economy has shown resilience and vitality under unprecedented risks and challenges, and has made important contributions to global economic growth and boosted global confidence by stabilizing price levels, maintaining the operation of industrial chains and supply chains, and promoting high-level opening up.
The "resilience" of development boosts global confidence
According to the statistical bulletin, in 2022, China's gross domestic product (GDP) will reach 121 trillion yuan (about 17.5 trillion US dollars), reaching a new level, leading the growth rate among the world's top major economies in terms of economic volume; the development foundation is more solid, the comprehensive national strength is further enhanced, and it continues to maintain its status as the world's largest manufacturing country.
International observers believe that in the face of complex and severe situations at home and abroad, China's economy will move forward steadily in 2022, which not only shows resilience, but also boosts the confidence of the outside world in China's strong recovery and global economic recovery.
Fernando Fazzolali, coordinator of the Infrastructure Committee of the Argentina-China Chamber of Commerce, said that China has a vast domestic market, and the construction of a new development pattern of "dual circulation" is one of the sources of China's economic resilience. It is foreseeable that China will further strengthen economic, trade and investment exchanges with other countries and regions, bringing benefits to global economic recovery and growth. "I am optimistic about China's economic prospects and look forward to more cooperation with Chinese companies." He said.
Michael Schumann, president of the German Federal Association for Economic Development and Foreign Trade, said that China's economic performance has responded strongly to those bearish rhetoric, reflecting its economic resilience, and expects stronger growth in 2023.
Juan Esteban Musaleme, president of the Chile-China Chamber of Commerce, Industry and Tourism, believes that China's economic growth prospects this year are optimistic, which will have a positive effect on the global economy, and China's demand for agricultural products from Chile and other Latin American countries will continue to grow.
Gu Yushao, senior vice president of Medtronic, a Fortune 500 company and president of Greater China, told reporters that many international organizations and well-known investment banks have recently raised their development expectations for China, fully reflecting that all walks of life are generally optimistic about China's economic development prospects. In the new year, the international community expects China to inject more vitality into economic globalization.
The "stability" of prices hedges against global inflation
In 2022, the global economy suffered from high inflation, and China's price situation remained generally stable and attracted attention.
The statistical bulletin shows that the monthly increase of China's consumer price index (CPI) has always been below 3%, and the annual increase is 2.0%, which is significantly lower than the growth rate of developed economies such as the United States, the European Union, and the United Kingdom, and is also significantly lower than the growth rate of major emerging economies.
Overseas people believe that China is an important participant in the global value chain, and maintaining a low inflation level by itself is of great significance to curb global inflation.
"In a country of 1.4 billion people, stabilizing prices is very difficult, especially in the face of the pandemic and the slowdown in global economic growth." Zohri Idris, CEO of the Malaysian Centre for Policy and Economic Affairs Foundation, believes that China's effective response to inflation is worth studying in many countries.
David Rutter, chief economist of the South African asset management agency Efficient Group, said that in 2022, the Fed will continue to aggressively raise interest rates to export inflationary pressure to the world. In contrast, keeping inflation low in China, the world's second-largest economy, is beneficial to China's trading partners, and developing countries such as South Africa have benefited.
Lucio Pietro, an international relations researcher at the Asia-Pacific Consortium Foundation, a Philippine think tank, said that China meets world demand with stable prices and supply chains, and "China has had a huge positive impact in easing global inflation."
Gard Miyanmiza, a Rwandan businessman who has been engaged in China's tableware trade for a long time, said that during the epidemic, the strength and resilience of China's industrial chain and supply chain promoted the stability of the global supply chain, which in turn stabilized the global product price.
Tse Dongming, head of Greater China research at OCBC Bank in Singapore, said that China has a well-established industrial chain, and its supply chain stability has ensured the normal operation of the global economy during the epidemic.
The "effect" of openness radiates global opportunities
In 2022, under the complex background of slowing world economic recovery, increased volatility in the global financial market, rising unilateralism and protectionism, and significantly increasing uncertainty in foreign economic and trade development, China's trade in goods reached a new high, the use of foreign capital to grow against the trend, the results of high-quality joint construction of the "Belt and Road" were revealed, and new progress was made in the construction of the free trade zone.
Overseas people believe that China firmly upholds and practices multilateralism, accelerates the creation of a new system of a higher-level open economy, and actively promotes institutional opening up, which is providing more development opportunities for the world.
Yevgeny Smirnov, acting director of the Department of World Economy and International Economic Relations at the Russian State University of Management, believes that China's opening up is particularly important in the context of some developed countries keen to adopt protectionist measures.
Oleg Timofeev, associate professor of RUDN University, said that China's economic and trade exchanges with many countries are complementary, and China's continuous expansion of high-level opening up will benefit the world.
Data show that in 2022, China's actual use of foreign capital will increase by 6.3% compared with the previous year, and the scale of investment will reach a new high; The use of foreign capital in high-tech industries has grown rapidly. Behind the increase in the quantity and quality of investment is more investment opportunities captured by foreign capital.
"China encourages foreign investment in China, continuously improves the business environment, and has a strong attraction for foreign investment." Mohammed Al Ajlan, chairman of the Sha-China Business Council and vice chairman of Saudi Arabia's Ajlan Brothers Holding Group, said.
The data also shows that in 2022, China's imports and exports to countries along the "Belt and Road" reached a record high; A total of 16,000 China-Europe trains were operated, an increase of 9% over the previous year; In the year since the entry into force of the Regional Comprehensive Economic Partnership (RCEP), China's imports and exports to RCEP trading partners and non-financial direct investment have increased significantly compared with the previous year.
Kenyan international affairs scholar Cavins Adehir told reporters that China's promotion of high-level opening up and true multilateralism will provide more development opportunities for developing countries.
(Xinhua News Agency, Beijing, March 1)
Guang Ming Daily(Version 12, 02/03/2023)
Source: Guangming Network - Guangming Daily
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