beijing-sana
Experts at the International Monetary Fund expected the Chinese economy to grow by 5 percent this year, stressing that China will remain one of the major countries experiencing the strongest growth.
Xinhua reported that the International Monetary Fund (IMF) has updated its global economic outlook, expecting the Chinese economy to grow by 5.2 percent this year, up 0.8 percentage points from forecasts in October last year, and to reach 4.5 percent next year.
In addition, Stephen Barnett, the resident representative of the International Monetary Fund in Beijing, said during a speech he delivered at a symposium on the global economic situation that China's contribution to global economic growth will reach 30 percent.
In turn, Li Xin, Deputy Resident Representative of the International Monetary Fund in China, indicated that with the improvement and modification of measures to prevent the Corona epidemic in the country, indicators such as transportation, total retail sales of consumer goods, and the manufacturing PMI are improving, indicating that market optimism is increasing.
Huang Yiping, deputy director of the National Institute of Development at Peking University, pointed out that China's future development will depend more on the innovation-driven growth model, indicating that encouraging and guiding private companies, foreign-funded companies and other market players to actively participate in innovation is essential for development. economic in China.
The data showed that between 2020 and 2022, the Chinese economy recorded an average annual growth of 4.5 percent, surpassing the global average of 1.8 percent and higher than other major economies.
Follow SANA's news on Telegram https://t.me/SyrianArabNewsAgency