Xinhua News Agency, Beijing, July 18th, by wire Summary: Strong kinetic energy prospects can be expected-overseas positive evaluation of China’s economic semi-annual report
Xinhua News Agency reporter
According to data released by the National Bureau of Statistics of China a few days ago, China’s GDP increased by 12.7% year-on-year in the first half of the year. Overseas public opinion and experts generally believe that the dazzling semi-annual report shows the resilience and momentum of the Chinese economy; the Chinese economy is expected to continue to improve in the second half of the year, which will help the global economic recovery.
Data show that the total retail sales of consumer goods in the first half of the year increased by 23.0% year-on-year, and the contribution rate of final consumption expenditure to economic growth reached 61.7%.
Dia Helmi, secretary general of the Egyptian-Egypt-China Chamber of Commerce, believes that China’s economic development strategy combining long-term and short-term plans has achieved results and the consumer market is growing day by day. The American “Wall Street Journal” published an article that China’s economic data in the second quarter highlighted China’s economic resilience, and the role of consumption in stimulating China’s economy has increased significantly.
Indian senior media person and social observer Baskar believes that China’s economy has achieved outstanding results for two reasons. One is that China has worked hard to cultivate the domestic market in the past few years and hedged against uncertainties in overseas markets; the other is that China has a complete industrial chain. , Can provide goods and services at competitive prices.
Since the outbreak of the new crown epidemic, the consumption of catering, tourism and other service industries has been severely impacted, and the pace of recovery has also obviously lags behind that of the manufacturing industry. Andy Rothman, an investment strategy analyst for Mingji Asia, believes that as the proportion of Chinese consumers’ new crown vaccination increases, service industry consumption will gradually achieve a full recovery.
Singapore current political commentator Ong Desheng said that in the face of the complicated international environment and the “big test” of the epidemic, China’s economy still delivered a dazzling answer sheet, showing strong resilience and vigorous vitality, boosting confidence in the global economic recovery. According to Lucas Guarda, an expert on China in Argentina, the economic data in the first half of the year showed that despite the challenges, the Chinese economy continued to maintain stability and resilience, and played an important role in promoting global economic recovery and growth.
Damian Castro, the founder of the Brazil-China Research Center and a professor at the Federal University of Parana, believes that China’s economic performance is of great significance to the global economy. The outstanding performance of China’s economy in the first half of the year will have a favorable impact on Brazil’s foreign trade.
Shen Kailing, an associate professor in the School of Business and Economics at the Australian National University, said that the resilience of the Chinese economy has exceeded most people’s expectations, providing a guarantee for the stability of the global industrial chain. China’s continuous expansion and opening up will surely bring more and more opportunities and possibilities to the global economy.
Peterri Volio, Director of Entrepreneurship, Business Policy and EU Affairs of the Federation of Finnish Industry, pointed out that in the first half of this year, Finnish exports of goods to China increased significantly. For Finnish companies that do business with the Chinese market, 2021 will be a record Of the year.
Kevins Adhill, a Kenyan expert on international issues, said that China is making a valuable contribution to the recovery of the global economy. China’s economic growth momentum is good, and development projects implemented by Chinese companies in Africa have not been interrupted since the outbreak.
Looking forward to the second half of the year, overseas experts and research institutions are generally optimistic about China’s economic prospects. The latest report issued by the Oxford Economic Research Institute says that Chinese household consumption is expected to continue to pick up in the second half of this year. Better profitability of enterprises, as well as policy support for small and medium-sized enterprises, advanced manufacturing and strategic high-tech industries, will provide support for enterprise investment. The gradual easing of bottlenecks in the global supply chain will also provide support for China’s exports.
Scotiabank’s Asia Pacific Economic Affairs Director Tuli McCarley believes that developed economies’ import demand for China’s medical equipment and electronic products is expected to weaken in the second half of this year, but China’s strong domestic demand will be encouraging.
The Wall Street Journal believes that while China maintains a relatively high economic growth rate, there is still more policy space to solve deep-seated problems such as unbalanced economic development.
Horst Lecher, a professor at the Frankfurt School of Finance and Management in Germany, believes that based on the latest economic data, it is not difficult for China to achieve the government’s annual economic growth target, which will be a major contribution to world economic growth. (Reporters involved: Gao Pan, Zuo Wei, Ni Ruijie, Zhang Yadong, Sun Xiaoling, Cai Shuya, Bian Zhuodan, Yue Dongxing, Bai Xu, Wu Danni, Zhu Yubo, Bai Lin, Zhu Haochen)
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