China’s economic growth attracts world’s attention

China’s GDP exceeded the 100-trillion-yuan,threshold in 2020.

China’s goods imports and exports increased by 1.9% on year to 32.16 trillion yuan in 2020, a record high.

FDI into the Chinese mainland, in actual use, expanded 6.2% year on year to a record high of nearly 1 trillion yuan in 2020.

Experts say China’s growth will help drive the global economy.China’s GDP growth in 2020 will be a good signal for the world economy.

China’s growth has attracted world’s attention:

The New York Times said, “Keeping the virus at bay has been critical to China’s economic success over the past year. While the pandemic ravages other nations, Beijing’s aggressive top-down approach kept the virus from spreading rapidly across the country.”

Taz said, the reason why China becomes the only major economy which avoided shrinking is that China acted decisively to fight against the pandemic and took a lot of economic stimulus measures. Meanwhile, the world has a strong demand of China’s goods.

Korea JoongAng Daily pointed out that China’s economic performance of 2020 can be described as: China provided best answer in the face of the worst environment.

China’s continuous economic growth also brings opportunities to the world.

IMF Managing Director Kristalina Georgieva said China’s pivot towards domestic consumption-driven growth with the process of opening up will inject more growth momentum into global economic recovery.

Margit Molnar, head of the China Desk of OECD said, “China was the first country to fully recover.”"That has a very big importance for the world because it means the second biggest economy in the world has recovered. This means a huge source of demand for all the other countries."

Ronnie Lins, director of the China-Brazil Center for Research and Business, pointed out that thanks to the proper measures to prevent and control the epidemic, China’s resumption of work and production and the resumption of business and markets have accelerated, and China’s economy is recovering steadily, which will help The world economy is free from the impact of the new crown epidemic.

China will make more contribution to global economic recovery in 2021

The International Monetary Fund (IMF) on Tuesday projected that China’s economy will grow by 8.1 percent in 2021, 0.1 percentage point below the October forecast, according to the latest update to its World Economic Outlook.

Swiss economist and former trade negotiator Philippe G. Nell said that China has become the growth engine of several industries and economic sectors in the world. Global trade development will benefit from China’s increasingly bigger middle-income group and the transformation to consumption-oriented economy.