China’s crucial role in assisting the global economy
China is critical in helping the global economy overcome current economic challenges and achieve higher growth rates.
China’s economy is always working to find a structural development policy. These policies and measures have provided China’s economy with proactive leadership in the face of global crises.
The International Monetary Fund recently projected China’s economy to grow 5.23 percent in 2023, up 0.8 percentage points from its October 2022 forecast.
China has achieved a 7.72 percent growth in annual foreign trade in 2022, leading the world for the sixth consecutive year. Its foreign trade value will again hit a record high in 2022, as total merchandise trade reached 42.07 trillion yuan, up 7.74 percent year-on-year.
Meanwhile, the country’s exports rose 10.52 percent to 23.97 trillion yuan, while imports rose 4.34 percent to 18.12 trillion yuan in 2022.
China’s economic development policies and protection of investors’ rights are the main factors that promote and increase investment in China.
Development potential derives from the country’s economic stability and its efforts to achieve high economic and social development rates.
Adel emphasized the importance of China’s economic perspective for the future of all economies that cooperate with it, especially China’s commitment to establishing new economic partnerships and opening new.
China’s commitment to a win-win partnership will benefit the global economy and help boost both China’s and global economic growth.
Asia markets mixed
Asia-Pacific markets saw mixed trading.
Following the announcement, the Nikkei 225 rose 0.65% to close at 27,602.76. The Topix added 0.77% to end the day at 1,993.10, while the Japanese yen.
South Korea’s Kospi closed up 0.52% at 2,466.85, while the Kosdaq also gained 0.73% to end at 778.45. The S&P/ASX 200 rose 0.18% in Australia to close the day at 7430.10.
The Hang Seng Index erased earlier gains to trade 0.16% lower in the final hour of trading, while the Hang Seng Tech Index also fell 0.93%.
Today, Singapore will unveil its 2023 budget, and India’s consumer price index rose to 6.53% year-on-year.
