(ECNS) – Since early this year, the Chinese economy has continued to show sound momentum of recovery with strong impetus for growth, Foreign Ministry spokesperson Wang Wenbin said at the daily press conference on Tuesday.
He noted that main economic indicators such as consumption and investment have picked up, and market expectation has significantly improved.
World Bank Group President David Malpass said on Monday that due to an improved outlook for China’s recovery, World Bank has revised China’s growth prospects for 2023 from 4.3 percent to 5.1 percent and the 2023 global growth outlook from 1.7 to 2 percent. A latest OECD report also raised China’s economic outlook to 5.3 percent.
The spokesperson pointed out that mainstream international media organizations and renowned economists also said that China’s economic data are messages of hope, and that the rebound of China's economic activities and demand will further galvanize world economic growth.
He said that China cannot develop in isolation from the world, and the world also needs China for its development.
“As President Xi Jinping said, China will accelerate the development of its domestic market, while vigorously advancing high-standard opening up, and steadily expanding institutional opening up in terms of rules, regulations, management and standards,” he added.
He stressed that China stands ready to share with countries in the world the new opportunities presented by Chinese modernization.
The spokesperson mentioned a series of international events that have been or will be held in China: The third China International Consumer Products Expo opened in Haikou on Monday; the 133rd China Import and Export Fair will be held in Guangzhou this weekend while later this year, China will host the third Belt and Road Forum for International Cooperation and the sixth China International Import Expo.
China will open its door wider, with better environment and more quality services, Wang said.
He noted that in a world fraught with uncertainties, the certainty China provides becomes a bulwark for world peace and development
“We have the confidence and ability to sail the giant ship of the Chinese economy steadily ahead against all winds and waves, and make even greater contributions to the global economy,” he said.