European and American experts are optimistic about bet365 offer economic development potential
August 18, 2021 09:11 Source: "bet365 offer Journal" Issue 2232, August 18, 2021 Author: Yan Yong

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Facing the new coronavirus epidemic,In 2020, China became the only major economy in the world to achieve positive economic growth。Recent,The International Monetary Fund (IMF) releases the latest "World Economic Outlook Report",Forecast global economic growth of 6% in 2021,bet365 offer economic growth rate is 8.1%。Why bet365 offer economy can continue to achieve outstanding results?European and American experts and scholars expressed some opinions。

  Structural reforms help bet365 offer economic development

Compared with most economies around the world,After the trough in the first quarter of 2020,bet365 offer economy begins to rebound strongly,The growth trend is also in a relatively ideal state。Second quarter of 2021,bet365 offer economy grew by 7% year-on-year.9%。Dennis Shen, head of sovereignty and public sector at German rating agency Scope, said,Since the 2008 global financial crisis,bet365 offer series of structural reform measures aim to prevent major macroeconomic risks,And increase the possibility of an economic “soft landing”,To avoid a “hard landing”。Estimated in the second half of this year,China will pay more attention to financial risk management,And launch policies to support economic recovery。Chinese government’s policies to promote economic development,has begun to shift from supporting economic activities to responding to systemic financial risks。Chinese government promises to control credit growth,Committed to eliminating asset bubbles,Also encourage the healthy and orderly development of the financial market。This series of measures ensures the sustainability of bet365 offer economic growth。

In Dennis Shin’s opinion,Recent risks affecting bet365 offer financial stability have decreased,The reason is that the Chinese government has significantly reduced its focus on achieving the “hard” growth target of GDP。Extensive financial reforms and progress related to the use of the renminbi as a reserve currency,Shows the broad development prospects of bet365 offer finance。Since the outbreak of COVID-19,bet365 offer extensive regulatory reforms are subsequently implemented,Including improving the macro-prudential assessment framework,Strengthen supervision of important institutions in the financial system,Promote the financial system to serve real industries and infrastructure。In addition,RMB gradually becomes the global reserve currency,It also further consolidated the foundation of bet365 offer economic development。The process of RMB internationalization is in line with the existing pattern of high foreign exchange reserves and low foreign debt,Provides a buffer for bet365 offer economy to cope with external pressure,Enhance the resilience of bet365 offer economy。

  bet365 offer continues to grow

bet365 offer economy continues to develop well,Increased appeal to global markets。Nicholas Lardy, a researcher at the Peterson Institute for International Economics in the United States, said,Since the outbreak of COVID-19 around the world,The so-called "decoupling of the global economy from China" has not occurred。Although the global economic and financial situation has become tense,Some countries also have a lot of restrictions on technology transfer to China,But China continues to attract a large amount of foreign direct investment (FDI),These investments were used to purchase Chinese listed company stocks and government bonds,Deepens bet365 offer connection with the global economy。

China will become the world’s largest foreign investment inflow country in 2020,bet365 offer reaches US2 billion。Radi said,China continues to lead the global economy out of the negative impact of the COVID-19 epidemic、In the context of the continuous improvement of the business environment for foreign-funded enterprises in China,Foreign multinational companies have increased their investment in China,Not only thousands of new companies were established,The scale of existing enterprises is also expanding。China relaxes financial regulations,Remove restrictions on foreign shareholding ratios in Chinese banks and financial asset management companies,After implementing consistent internal and external equity investment ratio rules,bet365 offer in Chinese financial institutions is growing rapidly。

The pace of foreign direct investment inflows into China will continue to accelerate in 2021,USD 98 billion in first quarter,Almost three times the foreign investment in China in the first quarter of 2020。In addition,Portfolios involving bet365 offer securities market are also surging。Data from the Peterson Institute for International Economics,Foreign investors have purchased approximately US billion in shares of Chinese listed companies in the first half of 2021,Purchases of Chinese government bonds reached US billion。Continued increase in foreign direct investment,Reflects the health and sustainability of bet365 offer economic development from another aspect。

Lardy said,bet365 offer total foreign direct investment inflow will reach a record high this year,bet365 offer share of global foreign direct investment is likely to rise further。

Editor: Zong Yue
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