China crucial in helping global economy overcome challenges, says Egyptian economist
ThisaerialphototakenonFeb.10,2023showsanightviewofYuzhongDistrictinsouthwestChina"sChongqingMunicipality.(Xinhua/HuangWei)
TheChineseeconomicstructureandpoliciesgivestrongsupportforreachingthegrowthratestargetedbyChinaorprojectedbytheIMF,anEgyptianeconomisthassaid.
CAIRO,Feb.14(Xinhua)--Chinaplaysacrucialroleinassistingtheglobaleconomyinovercomingcurrenteconomicchallengesandachievinghighergrowthrates,anEgyptianeconomisthassaid.
(资料图片仅供参考)
"TheChineseeconomyisalwaysworkingonfindingstructuraldevelopmentpolicies.ThesepoliciesandmeasureshaveprovidedtheChineseeconomywithaproactiveleadershipinfacingglobalcrises,"KarimAdel,headoftheCairo-basedAlAdlCenterforEconomicandStrategicStudies,toldXinhuainaninterview.
TheInternationalMonetaryFund(IMF)hasrecentlyprojectedChina"seconomytogrowby5.2percentin2023,0.8percentagepointhigherthanOctober2022forecast.
AdelsaidthattheChineseeconomyenjoys"solidityandflexibility."
"China...hasdiversifiedeconomicsectorssuchasrealestate,energy,electronics,technologyandmanufacturingindustries,allofwhicharevitalandsupportiveofcreatingjobsandinvestmentopportunities,"saidtheexpert.
HepointedoutthattheChineseeconomicstructureandpoliciesgivestrongsupportforreachingthegrowthratestargetedbyChinaorprojectedbytheIMF.
ThisaerialphototakenonOct.23,2022showsaviewoftheDongfangLingangIndustrialParkinsouthChina"sHainanProvince.(Xinhua/PuXiaoxu)
Chinaachieveda7.7-percentriseinannualforeigntradein2022,toppingtheworldforthesixthyearinarow.Itsforeigntradevaluehitarecordhighagainin2022,astotalgoodstradereached42.07trillionyuan(6.21trillionU.S.dollars),up7.7percentyearonyear,accordingtoarecentreportfromChina"sGeneralAdministrationofCustoms(GAC).
Meanwhile,thecountry"sexportsroseby10.5percentto23.97trillionyuan(3.54trilliondollars)andimportswentup4.3percentto18.1trillionyuan(2.67trilliondollars)in2022,accordingtotheGAC.
"Therisingvolumeofexportsisaverybigincentivetoincreasegrowthrates,particularlygiventheexpectationofareturntoglobaltrademovementandtheeagernessofmostcountriesandimporterstoresumetradewithChina,"saidAdel.
ThisaerialphototakenonNov.5,2022showsaviewoftheYangpuinternationalcontainerterminalintheYangpuEconomicDevelopmentZone,southChina"sHainanProvince.(Xinhua/PuXiaoxu)
Chinesepoliciesforeconomicdevelopmentandprotectinginvestors"rightsarekeyfactorsthatencourageandincreaseinvestmentinChina,hesaid.
Thepotentialfordevelopmentstemsfromthecountry"s"politicalandeconomicstability"anditseffortstoachievehighratesofbotheconomicandsocialdevelopment,headded.
AdelemphasizedthesignificanceofChina"seconomicprospectsforthefutureofalleconomiesthatcollaboratewithit,particularlyChina"scommitmenttoestablishingneweconomicpartnershipsandopeningnewhorizonsforcooperationandinvestmentwithothercountries.
China"scommitmenttowin-winpartnershipswouldbenefittheglobaleconomyandcontributetoincreasingbothChineseandglobaleconomicgrowthrates,saidtheEgyptianeconomist.
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