1
1
Position:
Homepage
/
/
China's economy is improving, raising global expectations

China's economy is improving, raising global expectations

  • Categories:News
  • Time of issue:2021-06-18
  • Views:0

(Summary description)Recently, China’s economic recovery has received widespread attention from mainstream American media and financial institutions. They believe that the momentum of China’s economic recovery has steadily increased, which has increased people’s optimism about the global economy and has also prompted economic experts to raise their expectations for China’s economic growth.

China's economy is improving, raising global expectations

(Summary description)Recently, China’s economic recovery has received widespread attention from mainstream American media and financial institutions. They believe that the momentum of China’s economic recovery has steadily increased, which has increased people’s optimism about the global economy and has also prompted economic experts to raise their expectations for China’s economic growth.

  • Categories:News
  • Time of issue:2021-06-18
  • Views:0
Information

Recently, China’s economic recovery has received widespread attention from mainstream American media and financial institutions. They believe that the momentum of China’s economic recovery has steadily increased, which has increased people’s optimism about the global economy and has also prompted economic experts to raise their expectations for China’s economic growth.

At present, China's economic operation continues to recover, and the resumption of work and production is proceeding in an orderly manner. China’s economic situation has received widespread attention from mainstream media and financial institutions such as the Wall Street Journal and Morgan Stanley. They believe that the momentum of China’s economic recovery has been steadily increasing, which has increased people’s optimism about the global economy, and has also prompted economic experts to raise awareness of China. Expectations of economic growth.

"The Wall Street Journal" recently published a report entitled "Manufacturing Leads China’s Economic Recovery, Chinese Consumers Help", pointing out that the economic recovery driven by China’s manufacturing industry has been boosted again, and Chinese consumers have begun to accelerate their purchases of bulky goods. Higher housing prices and car sales data have prompted economic experts to raise their growth prospects for China, the world’s second largest economy.

Although the recession cloud still looms over most advanced economies, many economic indicators in China, including the unemployment rate, have improved, which has strengthened people's optimism about the global economy. In May, the surveyed unemployment rate in China's urban areas fell slightly to 5.9%, slightly lower than 6.0% in April, and improved further after rising to a record 6.2% in February. The added value of industrial enterprises above designated size nationwide increased by 4.4% year-on-year. This is an increase of 0.5 percentage point from April; as automobile sales increased by 3.5% year-on-year, total retail sales of consumer goods fell by 2.8% year-on-year, which was far lower than the 7.5% year-on-year decline in April.

The report concluded that many economic experts believe that the above-mentioned encouraging data shows that China's recovery after the new crown pneumonia epidemic has finally begun to strengthen. Gao Luyi, an economist at the Oxford Economics Research Institute in Hong Kong, said that with policy support, China's economy will continue to recover. He has raised China's GDP growth forecast for this year by 1.2 to 1.7 percentage points. Capital International Macroeconomic Consulting Economist Martin Rasmussen said that China’s investment in infrastructure will continue to accelerate in the next few months, which will promote investment and production growth in many industries, which will increase the organization’s contribution to China’s GDP growth. Prediction. Rasmussen pointed out that it was previously predicted that China's economy will resume year-on-year growth in the third quarter of this year, but current economic data indicate that China may have reached this milestone ahead of schedule.

The New York Times reported that the China hawks in the Trump administration continued to urge the United States to "decouple" economically from China. However, it is the business entities that actually make production and sales decisions, and they find that "decoupling" is not easy.

Scan the QR code to read on your phone

Related news

There is currently no information to display
Please add data record on website background.
Username used for comment:
客户留言
Description:
验证码

Copyright © 2021 Shanghai Yanya Business Consulting Co., Ltd.   沪ICP备13003255号