Foreign media review: The world is optimistic about China's economic development prospects

China's economic data released in August shows that China's economy shows amazing toughness.

Data show that as the world's second largest economy, China's economic pace is accelerating, thereby improving the prospect of economic recovery.

The recent optimistic data dispels some haze shrouded in China's slow recovery prospect.

According to the US "Wall Street Journal" website reported on September 16, with China's stability and stimulating economic measures, the Chinese economy showed signs of improvement.

China released a series of economic data on Friday. Data show that the growth rate of infrastructure investment exceeds expectations, and China's labor market has improved.

All signs show that the economic stimulus measures implemented in Beijing are starting to produce results.

The US Consumer News and Business Channel website reported on September 16 that data released by the National Bureau of Statistics of China showed that the total retail sales of consumer goods in August increased by 5.4%year -on -year, the fastest growth rate since January to February this year.

Zhou Hao, chief economist of Guotai Junan International Holdings Co., Ltd., pointed out that in the general inspiring data, retail brings the biggest surprise.

Catering sales began to recover from the new crown pneumonia epidemic, and car and food sales have also increased significantly.

Bloomberg News reported on September 16 that the Chinese economy showed signs of recovery in August. The growth rate of industrial added value, retail sales and fixed asset investment in the month were higher than the expectations of economists. The urban unemployment rate has decreased, and the unemployment rate has also fallen from a historical high.

But at the same time, the downturn in the real estate market and the new crown epidemic still caused economic prospects.

Stable economic measures show the results

According to the "Russian News" website reported on September 17, many main indicators of China's economy in August have achieved growth. Observed people are convinced that a package of stable economic measures issued by the government has begun to work.

In May, China launched a package of measures to support the economy. These include the increase in the amount of inclusive micro -loan, allowing delay to repay loans, further reducing corporate tax burden, and so on. After that, a package of measures were increased twice. At the end of June, the Chinese government announced that it would raise 300 billion yuan to invest in major infrastructure projects in the field of transportation, energy and water conservancy engineering. At the end of August, the Chinese government decided to add more than 300 billion yuan for this.

In recent years, China has not greatly increased fiscal deficit and super currency, and a series of policy tools have been reserved for the introduction of policies this year.

China invested a lot of funds for infrastructure and manufacturing. From January to August, the two increased by 8.3%and 10%year -on -year, respectively.

On the eve of the announcement of macroeconomic data in August, the National Bureau of Statistics of China also released a series of reports of development results in the past ten years. The report pointed out that from 2013 to 2021, China's average contribution rate to world economic growth reached 30%. In 2012, China's total economy accounted for 11.3%of the global economy, and 18.5%in 2021 had reached 18.5%.

Experts emphasized that in recent years, China's economic growth has been in line with the "new normal", that is, the actual increase in domestic GDP (GDP). The fact is that from 2013 to 2021, China GDP doubled. In other words, the actual increase in a percentage increase today is twice as much as 10 years ago.

Based on these data, economists are convinced that China's economy will continue to grow and will thrive.

According to the US "Baron Weekly" website reported on September 16, China's latest data shows that in August, the data in many areas of China's economy are better than expected. Data show that the Chinese economy has rebounded or at least signs of stabilization.

Pang Yan, chief economist of Zhongliang Langlian Greater China, said that considering that in some parts of China in August, the new crown epidemic control measures were adopted. Such a growth was signs of the policy makers gradually adopted stimulating measures.

He said: "As China increases economic stimulus and policy support, we expect that GDP growth will accelerate in the next few quarters. Accelerating investment and construction, stabilizing employment markets, and promoting consumption will become the key to economic recovery."

The US "Wall Street Journal" website reported on September 16 that there are currently many signs that the Chinese economy has improved. The reason is that the Chinese government announced a series of measures to support economic growth, including providing hundreds of billions of yuan RMB credit to support infrastructure projects and power and agricultural sectors. The central bank of the country also lowered two main interest rates in mid -August.

The Chinese State Council stated this week that it will provide manufacturers and service providers with a special re -loan amount equivalent to $ 28.7 billion, and the manufacturer can postpone taxes and pay more than $ 60 billion in taxes.

The Chinese market is attractive

According to a Bloomberg News website reported on September 17, the center of the world's first public offering (IPO) event has been transferred east to China, because a wave of turmoil and the plunge of the stock market has caused almost all considerable listing transactions in the United States to fall into the United States. Determine the state.

According to the data collected by the agency, the listing and financing scale of Asian countries reached 104 billion US dollars this year, setting a record of 68%of the world's total. In contrast, the US IPO accounts for only 14%of the world's total $ 153 billion, setting the lowest level that has always belonged to the world's busiest marketing market.

Asia's strong performance is mainly due to China's IPO. At the time of the rising interest rates and the prospects of economic recession limited the IPOs of most major markets, China's IPO activities have continued. Data show that in this year's top ten IPO incidents, six from Chinese companies, either occurred in the Mainland Exchange or at the Hong Kong Exchange. Wang Yajun, joint director of the stock capital market of Goldman Sachs Asia (except Japan), said: "In 2022, with the world's cope with inflation and global tension, the core of the IPO volume has been transferred eastward. Given that some considerable Hong Kong IPOs may be on It happened during the year, and the continuity of this trend seemed to be sustainable. "

Guo Zili, co -director of the stock capital market department of UBS Asia: "The A -share market is not affected by global fluctuations to some extent. It is largely a domestic market and is mainly driven by domestic funds. The market conditions are relatively stable, and compared with fluctuations in the global market, it can still continue to sign agreements. "

According to the German "Youth World Daily" website reported on September 16, the German economic community called for cooperation with the most important trading partner China.

The German Economic Asia -Pacific Commission Chairman Frendolin Strak said on Thursday that "in principle, the country must maintain the support and guarantee of German companies' business in China." Strak said that "from the perspective of the overall economic perspective" is very important in China's "key growth market".

The German Foreign Trade Director Foreign Trade Forest Treg said that, given that supply chain interruptions and the price of raw materials and primary products, "if we leave our largest trading partner, it will be another serious blow to the foreign trade industry."

For China's investment in Germany, Strak called on the federal government to "act with caution." He said: "Chinese investors should continue to be welcomed in Germany." Terrere agreed to this: "Investment in China, which restricts such an important trading partner in our economy, will have a negative impact on our investment attraction."

Source: Reference Message Network

Edit: Jia Qi

Review: Xiangwen

School counterpart: Lulu

Editor: Deng Zhuo

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