Multinational Economic Officials Tell Why China's Economy is Good

"If no agreement is reached, China will suffer heavy losses." Not long ago, US President Trump issued such a "warning" on Twitter, threatening China to make concessions in the negotiations as soon as possible. According to media analysis, the escalation of the trade war between the United States and China has aggravated people's concern about China's maintaining its growth momentum, especially the long-term prospects of China's economic development will face severe challenges. However, in an interview with the Global Times on the 20th, multinational economic officials said they were very optimistic about the medium and long-term prospects for China's economic growth: although the trade war did bring some uncertainties, China's reform measures implemented in the past few years, its own rich technology and human resources determined that it would maintain strong and sustainable growth. Long.

"I am fully confident that China's economy will continue to grow and succeed," Anab Bankie, a British economist and board member of Qatar's Financial Center Authority, told the Global Times in an interview on the 20th that what China has achieved in the past 40 years is "one of the greatest achievements" in human history, lifting 800 million people out of poverty. " The trade disputes with the United States are of course very influential, but it is only a temporary problem. I do not see any reason why China's economy will continue to grow in a sustainable way in the future.

Banlki is currently attending a week long "financial leaders research project in developing countries" in Beijing. The project is co sponsored by the South South cooperation financial center and the Wudaokou Institute of finance, Tsinghua University, with a view to strengthening financial and economic exchanges between China and the countries along the belt and other developing countries. Analysts believe that in the context of the delay in Sino US trade disputes, China will surely rely more heavily on the "one belt and one way" plan to develop economic and trade cooperation with other countries. The Qatari economic official believes that China has many new technologies and still has a lot of room for improvement in some areas. If advanced technologies are applied to these areas, these industries will "catch up with other (more developed) countries quickly" and China will continue to grow faster. As for China's latest financial opening-up measures, he also acknowledged that the opening-up of the financial sector needs to be "managed very carefully." I believe that in the long run, the RMB will become one of the most important currencies in the world. But if the exchange control is abolished too quickly, China's economy and the world economy will be hit.

Ahmatova Yelena, President of Kazakhstan Finance Association, told Global Times that despite the trade war, she was optimistic about China's economic development. "We can see that China has successfully avoided a large-scale financial crisis in the past five to 10 years, which makes people optimistic about its future development." She said her confidence was based on successful reform initiatives in China and the huge human resources that China has. The Kazakh official said that in the future, Kazakhstan and China will have tremendous space for cooperation in many areas such as finance and infrastructure. Cristian Juarez, deputy director of the Ministry of Finance and Public Credit of Mexico, also expressed optimism about China's financial situation and sustainable development potential under the trade war. He told reporters that he believed that China would not only develop well itself, but also continue to provide "a lot of experience" to the world, such as the "amazing" digital financial system.