Overseas hot discussion on China's economic transcript in 2022

According to the 2022 National Economic and Social Development Statistics Bulletin issued by the National Bureau of Statistics on February 28, in the face of multiple unexpected factors at home and abroad, China has stabilized its macroeconomic market, its economic strength has reached a new level, employment prices are generally stable, new drivers continue to grow, and high-level opening up continues to expand.

International observers believe that the Chinese economy has shown resilience and vitality in the face of unprecedented risks and challenges, and has made important contributions to global economic growth and boosted global confidence by stabilizing the price level, maintaining the operation of the industrial chain supply chain, and promoting high-level opening up.

"Toughness" of development boosts global confidence

According to the statistical bulletin, China's gross domestic product (GDP) will reach 121 trillion yuan (about 17.5 trillion US dollars) in 2022, reaching a new level and taking the lead in the growth rate among the major economies ranking the top in the world economy; The foundation for development is more solid, the comprehensive national strength is further strengthened, and the status of the world's largest manufacturing country continues to be maintained.

International observers believe that in the face of the complex and severe situation at home and abroad, China's economy will move forward steadily in 2022, which will not only show resilience, but also boost the confidence of the outside world in the strong recovery of China's economy and help the global economic recovery.

Fernando Fazolari, coordinator of the Infrastructure Committee of the Argentine-China Chamber of Commerce, said that China has a broad domestic market, and building a new development pattern of "double circulation" is one of the sources of China's economic resilience. It is foreseeable that China will further strengthen its economic, trade and investment exchanges with other countries and regions, bringing benefits to the global economic recovery and growth. "I am optimistic about China's economic prospects and look forward to more cooperation with Chinese enterprises," he said.

Michael Schumann, president of the German Federal Economic Development and Foreign Trade Association, said that China's economic performance strongly responded to those bearish arguments and reflected its economic resilience. It is expected that China's economy will achieve stronger growth in 2023.

Juan Estevan Moussalem, president of the ชิลี-China Chamber of Commerce, Industry and Tourism, believed that China's economic growth prospects this year were optimistic and would have a positive effect on the global economy, and China's demand for agricultural products from Chile and other Latin American countries would continue to grow.

Gu Yushao, senior vice president of Medtronic Global and president of Greater China, a Fortune 500 company, told reporters that many international organizations and well-known investment banks have recently raised their expectations for China's development, fully reflecting the general optimism of all sectors for China's economic development prospects. In the new year, the international community expects China to inject more vitality into economic globalization.

"Stability" of prices to hedge global inflation

In 2022, the global economy suffered from the pain of high inflation, and China's price situation remained generally stable.

The statistical bulletin shows that the monthly growth of China's consumer price index (CPI) has always been less than 3%, and the annual growth of 2.0%, which is significantly lower than the growth of developed economies such as the สหรัฐอเมริกา, the European Union and the สหราชอาณาจักร, and also significantly lower than the growth of major emerging economies.

Overseas people believe that China is an important participant in the global value chain, and maintaining its own low inflation level is of great significance to curb global inflation.

"In a country with a population of 1.4 billion, it is very difficult to stabilize prices, especially in the face of the COVID-19 epidemic and the impact of slowing global economic growth." Zohri Idris, CEO of the Foundation of the Malaysian Center for Policy and Economic Affairs, believes that China's effective response to inflation is worth studying in many countries.

David Lute, chief economist of the South African asset management agency Efficient Group, said that in 2022, the Federal Reserve continued to increase interest rates aggressively to export inflationary pressure to the world. In contrast, as the world's second largest economy, China maintains a low inflation level, which is very beneficial to China's trading partners, and แอฟริกาใต้ and other developing countries benefit from it.

Lucio Pietro, an international relations researcher at the Asia-Pacific Partnership Foundation, a think-tank in the ฟิลิปปินส์, said that China has met world demand with stable prices and supply chains, "China has had a huge positive impact in easing global inflation".

Gard Miyamiza, a Rwandan businessman who has been engaged in the Chinese tableware trade for a long time, said that during the epidemic, the strength and toughness of the Chinese industrial chain supply chain promoted the stability of the global supply chain, and thus stabilized the global product prices.

Xie Dongming, head of Greater China research at the Overseas Chinese Bank of สิงคโปร์, said that China has a complete industrial chain, and its supply chain stability ensured the normal operation of the global economy during the epidemic.

The "effect" of openness radiates global opportunities

In 2022, against the complex background of slowing world economic recovery, increasing volatility in the global financial market, rising unilateralism and protectionism, and significantly increasing uncertainty in the development of foreign trade and economic cooperation, China's trade in goods will reach a new high, the use of foreign capital will grow against the trend, high-quality joint construction of the "the Belt and Road" will show results, and new progress will be made in the construction of the free trade zone.

Overseas people believe that China is firmly upholding and practicing multilateralism, accelerating the building of a new system of an open economy with a higher level, and actively promoting institutional openness, which is providing more development opportunities for the world.

Yevgeny Smirnov, acting director of the teaching and research section of world economy and international economic relations at the Russian National University of Management, believes that China's opening up is particularly important against the background that some developed countries are keen to take protectionist measures.

Oleg Dimofev, associate professor of the Russian People's Friendship University, said that China's economic and trade exchanges with many countries are complementary, and China's continuous expansion of high-level opening up will benefit the world.

According to the data, in 2022, China's actual use of foreign capital increased by 6.3% over the previous year according to the comparable caliber, and the scale of attracting foreign capital reached a new high; The use of foreign capital in high-tech industries increased rapidly. Behind the increase in the quantity and quality of foreign investment is more investment opportunities captured by foreign capital.

"China encourages foreign investors to invest in China, continuously improves the business environment, and foreign investment has a strong attraction," said Mohammed Al Agilan, Chairman of the Saudi Aramchina Business Council and Vice Chairman of ซาอุดิอราเบีย's Agilan Brothers Holding Group.

The data also shows that in 2022, China's import and export volume to countries along the "the Belt and Road" will hit a record high; The China-Europe train has run 16000 trains, an increase of 9% over the previous year; Since the Regional Comprehensive Economic Partnership Agreement (RCEP) came into force one year ago, China's imports and exports and non-financial direct investment to RCEP trading partners have increased significantly over the previous year.

Kenyan international scholar Kavins Adhill told reporters that China's promotion of high-level openness and the practice of true multilateralism will provide more development opportunities for developing countries.