China's strong recovery of the economy to boost world confidence
March 08, 2023 09:37 Source: "China Social Sciences" March 8, 2023 Total 2605 Author: This reporter Yang Xue

Jacoslav Lesovarik  Interviewee/Figure Supply

2023 is the year of China's 20th spirit of the party in China,China's new development has attracted worldwide attention。Since the beginning of the year,China's economy is showing a strong recovery trend,It plays a significant boosting role in the stability and growth of global economic stability。Fitch、World Bank、A number of international institutions such as the International Monetary Fund issued a report and said,China's economic development prospects are broad。High -quality development is the primary task of comprehensively building a socialist modern country,The achievements and prospects of the high -quality development and modernization of China,Our reporter interviewed members of the Russian International Affairs Commission (Riac)、"BRICS+Analysis" Think Tank founder Yaroslav Lissovolik (Yaroslav Lissovolik)。

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"China Social Sciences": What do you think of the world economic situation in 2023? What are your predictions on China's economic development prospects?

Lisovlik: Enter 2023,It is quite common for countries to worry about the decline of the world economy。But from February,Adjustment of China's epidemic prevention and control policy,Production life has returned to normal one after another,China's economic vitality recovery,It is obvious that people's expectations for the improvement of world economic performance are obviously optimistic。In fact,Just as China relieves the impact of the global economic downturn through the real growth of 2020,China will also become a key factor in supporting global demand and economic recovery。

China's growth this year may benefit from the recovery of investment and consumption,At present, international rating agencies and the International Monetary Fund organizations have greatly raised their growth expectations for China。Bet365 lotto review Recent,International Monetary Fund (IMF) representation,China has been re -open as expected as expected,Bringing the consumption of the private sector,It is expected that China's economic growth rate will reach 5.2%this year,0.8 percentage points higher than the forecast of October last year。Fitch International is expected to increase by 5.0%in 2023 GDP,far higher than its previous estimated 4.1%,The reason is that consumption and manufacturing recovery faster than expected。Another,Morgan Stanley's expectations of China's economic growth from 5%to 5.7%,Goldman Sachs Group raised from 4.5%to 5.5%,Nomura Securities raised from 4.8%to 5.3%。Although the risks related to global geopolitical and trade protectionism are still great,But in 2023 China can achieve a growth rate of 5.5%-6%。

In the next few years,China's economy has gradually expanded to inland areas,Economic diversification is becoming increasingly deeper,The growth structure will be more balanced and sustainable。China ’s trade and investment in southern countries in the world,It will also effectively promote the growth of China's economy。Another,China also has a lot of space to benefit from the global economy "to the US dollar",This process has obvious acceleration trends in recent years。

"China Social Sciences": When it comes to the global economy "de -US dollar",What do you think of the latest progress of this phenomenon? Can developing countries benefit from this process?

Lisovlik: I think,There is a lot of space in developing countries through the use of domestic currency、New currency created by the global south or BRICS countries realize "de -US dollar"。Now,The world economy is still affected by the "high base effect" of excessive dollars,This is left by the global currency system that has been centered on the dollar in the past few decades,So the process of "going to the US dollar" has been slow,but 2021-2022,This pace is significantly accelerated。

RMB's increasingly prominent position in the international market,is one of the key drivers for "going to the US dollar"。can be foreseeable,In the future, bet365 best casino games RMB will occupy a higher share in trade investment and transactions,and occupy a higher share in foreign exchange reserves held by the global central bank。At the same time,In order to speed up the "Go to the US dollar" process,May need to increase the use of currencies in other emerging market countries,Including the currency of the "BRICS+" economy。What is more worthy of attention is,You can create a new BRICS reserve currency,This currency has the ability to significantly change the balance of power in the world where the competition of currencies is increasingly competitive。

At the same time,Developing countries can take a series of measures to promote a greater degree of "de -US dollar"。Current,In addition to the settlement of foreign trade transactions with domestic currency,There are still a large number of "de -US dollar" reserves in the investment field。For example,New Development Bank (NDB) and other global southern multilateral development agencies can expand the project share of domestic currency settlement。Another example,Sovereign Fortune Fund (SWF) from the Development Economy also provides a larger reserve for "de -US dollar",At present, the asset scale of the top ten sovereign wealth funds from the south of the world exceeds 6 trillion US dollars,This is more than the sum of the total GDP of Western economies such as France and the United Kingdom。

  Open to the outside world constitutes an important part of China's soft power 

"China Social Sciences": Current,Unilateralism、Protectiveism obviously rises,The uncertainty facing world economic development is significantly enhanced。China firmly maintains and practice multilateralism,Promoting high levels of opening to the outside world。How do you think of China's policy of adhering to high levels of opening to the outside world?

Lisovlik: China is one of the key forces to promote the further opening of the global economy,For example,China actively promotes trade liberalization projects such as regional comprehensive economic partnership (RCEP)。I think,Platform like "BRICS+",China will play a greater role in promoting the trade liberalization of developing countries,Including bet365 live casino games the increasing number of bilateral agreements and promoting the multilateralization of regional trade agreements。In the field of investment,China also has a lot to do,For example,Link the "Belt and Road" initiative with other regional projects such as the Eurasian Economic Union。In terms of promoting developing countries to achieve greater economic policy synchronization and coordination,China also has a lot of space。

China ’s further openness in the field of trade and investment,will be an important part of its "soft power",Especially in the context of protective tendencies in the largest developed economy。According to the current international situation,In the economic cooperation of the global southern partner,A more open and inclusive attitude will enhance the overall economic level of developing countries and its position in the international community。The road to achieve these goals is full of challenges,Common cooperation with all major partners of the BRICS and "BRICS+" Group。Fundamental changes in today's world,Developing countries are becoming global governance to be more tolerant、The key factor of the transformation of the balanced international economic system。

"China Social Sciences": Promoting the high -quality development of the "Belt and Road" is an important part of China's promotion of high -level opening to the outside world。This year is the 10th anniversary of China proposed the "Belt and Road" initiative,How do you evaluate the achievements of the "Belt and Road"?

Lisovlik: The "Belt and Road" initiative has made important progress in promoting the infrastructure construction and economic growth of developing countries。In my opinion,For inland development economies that require infrastructure financing and construction to overcome geographical restrictions,It has a particularly important role。For example,Kyrgyzstan、Tajikistan、Kazakhstan and Uzbekistan and other inland Asian economies such as Central Asia are far from coastal infrastructure,The transportation cost is very high,They will get huge benefits from participating in the "bet365 Play online games Belt and Road" initiative。

The "Belt and Road" initiative has achieved great success in many aspects,This development platform that has launched a competitive framework with China in recent years can be confirmed on the side。These developed economies want to start catching up by establishing a platform,and maintain cooperation with southern countries around the world。But,So far,The EU's "Global Portal" plan and the "Reconstruction of a Beautiful World" initiative proposed by the United States Leading Seven Kingdoms Group lack resources and vision,The effect is very small。I think,Europe and the United States should develop a mechanism that integrates with China in the south of the world。

other,The "Belt and Road" initiative is also expected to be further strengthened and expanded through other innovative mechanism proposed by China。For example,"BRICS+" initiative can be used as a platform,Platforms with a wider development of areas and national development through "BRICS+",Multilateralization of the "Belt and Road" framework。Current,One of the main issues of the Group of 20th Group Meeting is to reform multilateral development agencies,Enhanced its ability to provide funds for the green development and digital transformation in developing countries。China and "BRICS+" partners can take the lead in creating development agencies and platforms,These institutions and platforms help developing countries to jointly provide capital to successfully realize modernization in the south of the world。

  Chinese -style modernization improves global living standards 

"China Social Sciences": High -quality development is one of the essential requirements of Chinese -style modernization。Modernization is the common vision of human society。There is no modern mode set in the world,There are no modern standards that are allowed to be allowed to be allowed。Although modernization begins in the West,But the modern road is by no means a "patent" in the West。China's modern theory and practice have recently caused widespread discussion,What do you think of this? Today, bet365 Play online games the widely spread in Western modernization,What is its value?

Lisovlik: In my opinion,China's most important revelation to other countries in the world in the past few decades is,A long -lasting success in economic modernization。China's economic modernization is based on China's own strategy、History and priority implementation,instead of simply imitation or directly use the Western "use type" prescription。Chinese -style modernization indication,A country can make significant contributions to promoting global trade and improving the living standards of a large number of global population。As the global development expert Jeffrey Sachs pointed out,The main achievement of China in the process of modernization is to make the large -scale population get rid of poverty,This is an important model for many developing countries for learning。

Chinese -style modernization has many influence on the global economy -compared with the growth momentum from developed economies,China's growth momentum has produced a greater overflow effect on the development of economies through trade and investment。other,China reduces cost、Introduction to competition and productivity growth provides strong anti -inflation forces for the global economy,Although these effects have been weakened by the US excessive expansion policy to a certain extent,But China's contribution still cannot be underestimated。,China has also made significant contributions to the development of economies through a series of initiatives and platforms -from trade liberalization and free trade agreement to infrastructure investment and development assistance。

Chinese -style modernization means consistent with internal and external coordination,Target to reduce the imbalance of domestic and different economic departments in China,and reduce the gap between global imbalances and developed economies and developing economies on the international stage。This has formed a sharp comparison with the "core -peripheral" mode replicated on the international stage。China pays more attention to tolerance in terms of foreign economic development,strengthened the development bet365 Play online games assistance to the least developed economy。The same important thing is,China sends a strong signal to the global southern countries,That is, China is capable of promoting global initiative,Some criticality of economic development、Innovation and leadership in the field of breakthroughs,instead of waiting for developed economies to provide their solutions。

Editor in charge: Chen Jing
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