China’s Economy Surges Forward despite Complex International Conditions: Insights from the Chinese Foreign Ministry

China’s resilient economy can withstand global fluctuations, says Foreign Ministry spokesperson

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China’s economy is poised to continue its upward trajectory despite the complex and volatile international conditions, according to Lin Jian, a spokesperson from the Chinese Foreign Ministry. The country is eager to share with the world the benefits of high-quality development and contribute to global modernization efforts.

The World Bank has recently raised China’s 2024 economic growth forecast to 4.8 percent, up from 4.5 percent, indicating growing confidence in China’s economic growth trajectory. This upward revision reflects China’s strong goods exports and economic activity, which are key drivers of its growth. The General Administration of Customs reported that China’s foreign trade in goods grew by 6.3 percent year-on-year in the first five months of 2021.

China plays an essential role as a major manufacturing and consuming country that supports global markets by providing affordable goods and creating demand for products from various countries. As the world’s second-largest economy, China has significantly contributed to global economic growth for an extended period. The sustained and stable growth of the Chinese economy plays a crucial role in boosting worldwide economic recovery, according to Lin Jian.

Furthermore, IMF studies have shown that an increase in China’s GDP growth positively impacts the output levels of other economies, highlighting China’s importance in the global economic landscape. With its robust economy and commitment to global cooperation, China is well positioned to lead the way towards a more prosperous future for all nations.

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