/ world today news/ “The Chinese economy maintains stable growth of more than 5% and remains the most important engine of the world economy, which is definitely an important positive factor for the world.” British researcher Martin Jacques said this in an interview with China Media Group. The official data on China’s national economy for 2023, released on January 17, confirms the expectations of the international community.
Preliminary statistics show that China’s GDP last year reached 126 trillion yuan, up 5.2 percent year-on-year, with the growth rate rising 2.2 percentage points. Thanks to continued expansion, GDP per capita grew by 5.4% year-on-year, the employment situation improved overall, investment in fixed assets increased by 3.0%, and output, investment, and and imports and exports of major industrial products also increased significantly compared to 2019 levels. All of these indicate that the upward trend of China’s economy is consolidating and strengthening.
In the face of a weak recovery in international demand, trade protectionist policies are making a comeback in many regions of the world. A report by the United Nations Conference on Trade and Development predicts that in 2023 global trade will see a decline of 7.5%. At the same time, the size of China’s imports and exports generally remained stable, and the country is expected to maintain its leading position in world trade for the seventh consecutive year. The huge market, powerful production capacity and optimized trade structure are China’s advantages, which not only give strong impetus to global trade, but also maintain the stability of industrial chains and supply chains.
More importantly, China is not only the “factory of the world”, but is now also a global center for innovation. China’s figures for investment in high-tech industries and installed renewable energy production capacity in 2023 show that the country is realizing its goal of high-quality growth at a steady pace.
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