According to data released by the National Bureau of Statistics of China on Monday, China’s economy further recovered in the third quarter. The GDP in the first three quarters was 7,22786 billion yuan, a year-on-year increase of 0.7%. On a quarterly basis, after experiencing a decline of 6.8% in the first quarter, China’s GDP rebounded in the second quarter, with a year-on-year growth of 3.2%, and continued to grow in the third quarter, achieving a year-on-year growth of 4.9%.
Some foreign media and analysts believe that China’s recovery has benefited from the successful control of the new crown epidemic and the active expansion of opening up, once again sending a positive signal to overseas capital.
The International Monetary Fund (IMF) announced the latest “World Economic Outlook Report” on the 13th, predicting that the world economy will shrink by 4.4% in 2020, and the growth rate is expected to rebound to 5.2% in 2021. Statistics show that China’s gross domestic product (GDP) will grow by 1.9% in 2020 and 8.2% in 2021. Among the major economies, only China is expected to achieve positive economic growth in 2020, again reflecting the world’s confidence in China’s economic recovery.
For decades, China has been committed to creating a world-class business environment, further optimizing the rule of law, internationalization, and facilitating business environment, and using practical actions to release a strong signal for further opening up. The “Foreign Investment Law” formally implemented this year provides a strong guarantee for the interests of foreign businessmen in China from the level of laws and regulations, and establishes a basic system that is in line with international standards, and better creates a business environment for fair competition between domestic and foreign companies.
The latest data released by the General Administration of Customs of China in October showed that China’s imports and exports reached 8.88 trillion yuan in the third quarter, a year-on-year increase of 7.5%, and the quarterly growth rate turned negative to positive. Among them, exports increased by 10.2% and imports increased by 4.3%. The total value of imports and exports, exports, and imports in the third quarter all hit a quarterly record high. At the same time, China’s foreign trade imports and exports increased by 0.7% in the first three quarters, and the cumulative total value of imports and exports achieved positive year-on-year growth for the first time this year.
In the “post-epidemic era”, China has actively expanded its opening up, held an import expo, and greatly relaxed market access for foreign capital. This not only promotes itself to obtain more and more eye-catching data, but also has closer ties with the world economy and contributes to the development of the world economy Make contributions to further promote the formation and improvement of a new pattern of mutual promotion of international and domestic dual cycles.
Post time: Oct-21-2020