More than a third of global economic growth this year will be provided by the Chinese economy, Chinese Foreign Ministry spokesman Wang Wenbing said, commenting on the UN report "World Economic Situation and Prospects for Mid-2023", which contains a positive outlook for the Chinese economy.
The Chinese diplomat noted that recently, other international organizations and agencies, such as the World Bank and the IMF, have also revised their forecasts for China's growth for 2023, which demonstrates their confidence in China's development prospects. IMF Managing Director Kristalina Georgieva noted that with a strong recovery, the Chinese economy is expected to provide more than a third of global growth this year.
According to the latest data from the National Bureau of Statistics of China, growth in most production and demand indicators improved in April compared to 2022, services and consumption recovered quickly, and employment and prices remained broadly stable, a spokesman for the Chinese Foreign Ministry said. The national economy of China has maintained the dynamics of recovery with an increase in positive factors.
Wang Wenbing stressed that the high resilience of the Chinese economy, its vast potential and high vitality, as well as the foundations for China's sustainable economic growth in the long term, remain unchanged. Various strategies continue to yield positive results.
“We are convinced that as the vitality and potential of the Chinese economy is further unleashed, China will bring more confidence and strength to the global economic recovery. We invite all countries to explore the Chinese market and take advantage of the many opportunities that will lead them to a brighter future,” Wang Wenbing said, according to Krasnaya Vesna news agency.
Standom.org
May 26, 2023