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China They will contribute about a third of global economic growth in 2023, he said. Kristalina GeorgievaManaging Director of the International Monetary Fund (IMF), an organization that forecasts the Asian giant’s GDP to grow 5.2% this year.
China is one of the “green shoots” of the global economy, Georgieva said in her speech this Sunday in Beijing as part of the Development Forum China 2023, hosted by the establishment of the State Executive Council of China.
In his opinion, the Asian country should take advantage of the situation to “improve productivity and adjust its economy”, moving from one based on investment to another based on consumption, “more durable, less dependent on debt and which will also help to cope with the climate.” “. Problems.
Chance
Kristalina Georgieva assured that, through reforms that improve productivity, China it can increase its GDP by 2.5% until 2027 and by about 18% until 2037.
However, the leader IMF He also warned that the temperature in China “They are growing faster than the global average,” which could result in a 0.5 to 2.3 percent loss in GDP by 2030.
One of China’s new vice premiers, Ding Xuexiang, considered very close to President Xi Jinping, is also one of the seven members of the all-powerful Politburo Standing Committee, the highest governing body of the Chinese Communist Party (CCP).
According to the official news agency XinhuaDing reaffirmed promises to provide even greater market access, improve the business environment, apply “national treatment” to foreign-funded enterprises, and make “greater efforts” to attract and leverage foreign investment.
(As reported by EFE)
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.