Economic experts upbeat about China's growth, contribution
admin
2023-02-20 13:21:56

  Robots conduct welding work at the workshop of an automobile manufacturing factory in Qingdao, east China's Shandong Province, Jan. 14, 2023. (Photo by Zhang Jingang/Xinhua)

  BEIJING, Feb. 19 (Xinhua) -- Economic experts from the International Monetary Fund (IMF) are optimistic about China's economic growth outlook in 2023, saying that China will continue to be one of the major countries to see the strongest growth this year.

  The IMF updated its World Economic Outlook and projected that China's economy will grow by 5.2 percent in 2023, 0.8 percentage points higher than the forecast in October last year. It forecast that China's economic growth will hit 4.5 percent next year.

  China will continue to be one of the major countries to see the strongest growth this year, and its contribution to global economic growth will stand at 30 percent, Steven Barnett, IMF Senior Resident Representative in China, said in a keynote speech at a seminar on world economic situation.

  The seminar was cohosted by the IMF Office in China and Institute of World Economics and Politics of the Chinese Academy of Social Sciences (CASS).

  In contrast, the IMF updated its 2023 global growth outlook to expand by 2.9 percent, lower than the 3.4 percent growth rate registered in 2022.

  Against this background, the outstanding performance of China's economy will help improve the global economic growth prospects, according to the IMF official.

  With the optimization and adjustment of China's epidemic prevention policies, indicators such as transportation, total retail sales of consumer goods, and manufacturing purchasing managers' index (PMI) are improving, indicating that market optimism is increasing, said Li Xin, IMF Deputy Resident Representative in China. These factors have pushed the IMF to raise its forecast for China's economic growth in 2023.

  The PMI for China's manufacturing sector came in at 50.1 in January, up from 47 last December, data from the National Bureau of Statistics showed.

  Huang Yiping, deputy dean of the National School of Development at Peking University, said that China's future development will rely more on an innovation-driven growth model.

  It is crucial for China's economic development to encourage and guide private enterprises, foreign-funded enterprises, and other market players to actively participate in innovation, Huang said at the seminar.

  Data showed that from 2020 to 2022, the Chinese economy posted an annual average growth of 4.5 percent, outpacing the world average of 1.8 percent and higher than those of other major economies.


相关内容

热门资讯

美股收盘:三大指数集体收涨 纳... 财联社12月20日讯(编辑 夏军雄)美东时间周五,在甲骨文和英伟达走强的带动下,人工智能(AI)概念...
贵阳有轨电车T2线主体硬件基本... 转自:贵州日报 本报讯(记者 冷赛楠)近日,“天眼问政”栏目收到网友留言:贵阳有轨电车T2线从比亚迪...
大山“用水三变” 转自:贵州日报 “以前靠山上小水源灌田,纯靠天吃饭。现在水龙头就在边上,要浇地直接打开就行。”69岁...
危房抢险施工公告 转自:贵州日报 贵阳市云岩区鸿雁巷17、19、20号及弯弓街6号住户:为消除贵阳市云岩区鸿雁巷17、...
“请3休8”带旺元旦假期云南旅...   本报讯 首席记者李思凡报道 “请3休8”带旺元旦游。12月19日,飞猪发布的数据显示,2026年...