Russia’s Legnum News Agency commented that China’s economic growth of 2.3 percent is an outstanding performance compared to the economic decline of almost all countries affected by the Covid-19 epidemic.
The Wall Street Journal pointed out that the strong recovery and growth of China’s economy from the epidemic highlighted the achievements China has made in preventing and controlling the epidemic. While manufacturing stalled in most countries because of the epidemic, China led the way back to work, allowing it to churn out and export medical supplies and home office equipment. Britain’s Reuters news agency reports that China has taken strict measures to contain the spread of the virus in a bid to bring the outbreak under control more quickly. At the same time, accelerating production by domestic companies to supply many of the countries affected by the epidemic has also helped boost economic growth.
Apart from GDP, China’s trade and investment figures are also very impressive. In 2020, the total value of China’s trade in goods reached RMB 32.16 trillion, up 1.9% year on year, making China the only major economy in the world to achieve positive growth in trade in goods.
According to the latest “Global Investment Trends Monitoring Report” issued by the United Nations Conference on Trade and Development (UNCTAD), the total amount of FDI in 2020 will be about US $859 billion, a 42% decline compared with 2019. China’s FDI bucked the trend, rising by 4 per cent to $163bn, overtaking the US as the world’s largest recipient of foreign investment.
Reuters commented that China’s foreign investment in 2020 rose against the market and is expected to continue to grow in 2021. As an important part of the “double cycle” strategy, China continues to increase the intensity of opening up to the outside world, and it is the general trend for foreign investment to accelerate the inflow.
Post time: Feb-07-2021