China’s economy has been growing at an average annual rate of more than 5% over the past two years, which is better than the global average. According to some media reports, corporate investors have expressed optimism that China’s economic growth will likely pick up. According to CNBC, Morgan Stanley raised its outlook for China’s economy in 2023, predicting a rebound in activity will come earlier and be sharper than expected. According to IFA Magazine, an investment company manager said they remain “constructive” on China’s recovery potential in 2023.
Some experts say that China’s determination to open up further to the outside world remains unwavering, which provides opportunities for the rest of the world. “China’s successful experience has benefitted not only China but also the whole world. We are glad to see that China, as the second largest economy in the world, is taking a leading role in promoting multilateralism as the international trading principle. China has been actively promoting international trade and further opening its domestic market, sharing the dividends of its economic growth with countries around the world”, said Wichai Kinchong Choi, senior vice president of Thai bank Kasikornbank. “With such a big economy of scale, China is playing its role and turning out to be a land of opportunities of the East. And it is duly sharing its part in global trade and the ways to remove global sluggish growth. We can see the importance and the significance of this big economy in the whole world.” said Badiea Shaukat, an economic consultant at Islamabad-based Sustainable Development Policy Institute.
(Source: Xinhua)