Interview: Chinese economy shows toughness -Director Director of the Institute of Entering the Mexico Industrial Development and Economic Growth Research Institute

Xinhua News Agency, Mexico City, August 24th. Interview: China's economy shows toughness -Director of the Institute of Evolution and Economic Growth, the Institute of Industrial Development and Economic Growth, China

Xinhua News Agency reporter Zhu Yubo Wu Hao

The director of the Mexico Industrial Development and Economic Growth Institute, Jose Louis Drax, said in an exclusive interview with Xinhua News Agency reporters in Mexico City that China has played an important role in the global manufacturing chain. Good performance, showing strong toughness and endogenous motivation.

Draksus said that at present, the number of orders in many countries has decreased significantly due to the slowdown of industrial activities, which has adversely affected the export of China's manufacturing industry. At the same time, the rebound of the new crown epidemic also limits global industrial production activities. Under the influence of many negative factors, China's industrial production still increases, highlighting the endogenous motivation of China's economy.

According to data released by the National Bureau of Statistics of China, the added value of industries above designated size from January to July this year increased by 3.5%year -on -year.

Draksus pointed out that many economic policies introduced by China have promoted production quality and efficiency, and investment in various fields represented by high -tech industries has continued to expand. China plays an important role in the global manufacturing chain. It is no longer a processing factory in the traditional sense, but is to continuously develop technology to enhance the international competitiveness of manufacturing companies. "China knows that technology is essential for competition, cooperation and internal development. Technological development is the basis for increasing global influence."

Draksus said that many countries have entered the interest rate hike cycle for the increasing inflation, raised financing costs and reduced investment growth momentum. China has strengthened the construction of entities and digital infrastructure, reducing financing costs, and adopting positive policies to lay a good foundation for future economic growth, which helps to control inflation.

Draxe's expected that the global economy will continue to face complex challenges in 2023, and economic growth in Europe and the United States may be weaker than Asia. China is expected to continue to become an important engine of Asian economic growth.

- END -