2021-06-10

Foreign media: China’s economic data is “healthy and outstanding”, helping the global economy recover

By yqqlm yqqlm

China News Service, June 10th. A few days ago, China’s foreign trade data for May was released-import and export growth rate of 26.9%, export growth rate of 18.1%, import growth rate of 39.5%. International mainstream media have paid attention to the dazzling performance of China’s economic data, pointing out that this set of “excellent data” shows that global demand is still strong, and China has brought support and confidence to the global economic recovery.

Data released by the General Administration of Customs of China on the 7th showed that in the first five months of 2021, China’s total import and export value increased by 28.2% year-on-year, of which exports increased by 30.1% and imports increased by 25.9%. From the single-month data, as of May, imports and exports have been increasing for 12 consecutive months.

Foreign media: China’s economic data is “healthy and outstanding”, helping the global economy recover

Associated Press commented , “China leads the world in recovering from the epidemic”. Since China’s foreign trade “surprisingly recovered” in early 2020, the growth rate has stabilized. The article also said that in order to support the global fight against the epidemic, Chinese manufacturers have met strong demand for protective equipment.

AFP noted that as the global economy recovers from the epidemic, China’s import growth rate has reached the highest level in more than a decade. The German “Youth World” website pointed out on the 8th that China’s foreign trade data has been picking up for several months. In May, China’s foreign trade increased again, “China is the engine of the world economy.”

China’s foreign trade recovery is robust and robust, which also brings support and confidence to the global economic recovery. Agence France-Presse quoted a senior market analyst Jonathan Kavenner as saying that this set of data is “quite healthy” and pointed out that “global demand is still recovering. With the opening of major advanced economies, this trend may Continue until the end of the second quarter and the third quarter”.

“To be honest, no matter what standards are measured, this is excellent data, indicating that global demand is still strong.” said Jeffrey Harley of Oanda, a global provider of foreign exchange trading services.

Foreign media: China’s economic data is “healthy and outstanding”, helping the global economy recover(1)

Reuters articles It was pointed out that “China’s foreign trade has recovered better than expected, and demand is still on the recovery track. From a follow-up point of view, it is estimated that the second half of the year will still maintain a good growth trend.”

In addition, the World Bank released the “Global Economy” on the 8th. The Outlook report raised the forecast for global economic growth in 2021 to 5.6%. The report also stated that China’s economy is expected to grow by 8.5%, higher than the previous estimate of 7.9%. This is mainly due to the active Chinese exports and the gradual expansion of economic recovery from public investment to the consumer sector.

On the 10th, the New Financial think tank in the United Kingdom (New Financial) used data from 2016 to 2019 and released research showing that China ranked third in the world as the third largest financial center, second only to the United States and the United Kingdom .