American economist Khairi Turk confirmed that China will continue to be a major engine of global economic growth, at a time when developed countries may suffer from a deep recession.
In an interview with Xinhua, Turk, professor of economics at the Stewart College of Business at the Illinois Institute of Technology in Chicago, explained that the United States, during its dealings with the Corona pandemic, continued to print money to practice stimulus, and because of that policy it has inflation, and this will push the Federal Reserve to raise the interest rate more, what It means that the US economy may slip into recession.
Türk pointed out that China does not suffer from this inflation problem, on the contrary, it has a competitive advantage with the return of productive workers to work in factories, considering that the Chinese market will be a bright spot in global growth in the next two years.
Türk said, "There is no country that can match China when it comes to attracting foreign investment, especially now that the country has opened up, as its industrial base enjoys great discipline from a highly productive workforce, and skills improve over time," explaining that China's supply chain is wide. Very covering all kinds of ingredients.
The American expert also pointed out that the Chinese market is the largest in the world and attracts everything that is multinational, stressing that China has become indispensable in the world with advantages such as first-class infrastructure, high-quality labor and a huge market.
Follow SANA's news on Telegram https://t.me/SyrianArabNewsAgency