Economy Recovering, China Opens Opportunities for Global Recovery

Armfalcon.com, BEIJING – The recovery of China’s economy as reflected in growth of 4.5 percent in the first quarter of 2023, opens opportunities for global recovery.

“The positive momentum for China’s economic recovery means a lot of opportunities for the world,” said Chinese Foreign Ministry (MFA) spokesperson Wang Wenbin in Beijing, Wednesday (19/4/2023)

China’s National Bureau of Statistics (NBS) in a release on Tuesday (18/4/2023), stated that the Chinese economy during the January-March 2023 period grew 4.5 percent or 1.6 percent higher than the October-December 2022 period.

“Amid slowing world economic growth and external uncertainty, China’s economy has started the year well,” Wang said at a regular press briefing.

According to him, market confidence has increased significantly, consumption and investment have revived, employment and prices have remained stable. China’s economic growth is a positive momentum for the world.

Wang said during the first three months, China’s trade with ASEAN, African and Latin American countries grew by 16.1 percent, 14.1 percent and 11.7 percent respectively.

The exhibition, which was held at the Canton Fair in Guangzhou, Guangdon Province, this year was able to attract buyers and exhibitors from 266 countries.

“In terms of the number of exhibitors, this year set a record,” said Wang.

The International Monetary Fund (IMF) previously estimated that China would contribute a third of global economic growth this year.

“China will continue to promote high-quality development, open up more opportunities to the world, and promote global economic recovery,” Wang added.

source : Between