Foreign investors' confidence in the Chinese market continues to grow (Foreign media's view of China)

Since the beginning of this year, the global spread of the COVID-19 pandemic has dealt a heavy blow to the world economy. However, the Chinese economy has withstood the test of the epidemic, demonstrating strong resilience and development potential. China was the first major economy to bring the epidemic under control and comprehensively resume work and production, becoming the first major economy to achieve positive economic growth after the pandemic. Many foreign media outlets and institutions are optimistic about the prospects of the Chinese economy, believing that China will inject confidence and momentum into the world economic recovery.

　　A recent article published on the website of Rossiyskaya Gazeta, titled "China's Economy Shows Development Potential to the World," stated that China's economic recovery directly benefits from the Chinese government's practical approach to effectively coordinating epidemic prevention and control with economic and social development, especially the implementation of the "Six Stability" and "Six Guarantees" work requirements, which has greatly enhanced China's ability to cope with pressures and challenges.

　　The Institute of International Finance (IIF), headquartered in Washington, D.C., released a report on August 12 saying that the Chinese economy is expected to achieve higher growth in the third and fourth quarters. The report points out that thanks to effective epidemic control and policy support, the Chinese economy rebounded significantly in the second quarter. The relevant monetary and fiscal stimulus measures launched by China continue to play a role, which will help further restore the Chinese economy and continue to support economic growth in the next two years. Hu Dong'an, a senior economist at the Oxford Economics Institute, a British think tank, believes that "China's economic recovery is generally on track".

　　The influential English-language newspaper, The Japan Times, published an article on August 16 stating that China is expected to be the only major economy to achieve positive growth this year. The Japan Research Institute released a China economic outlook report at the end of last month, pointing out that China's current economic recovery has exceeded expectations. The report stated that China's rapid supply recovery is driving economic growth; the Chinese government is actively promoting the resumption of work and production, reducing the burden of social security for enterprises, increasing financial support for enterprises, and the employment situation is also improving. The report believes that the Chinese economy will continue to recover.

　　Foreign media continue to focus on the continued warming of China's major economic indicators. The Wall Street Journal reported that China's major economic indicators continued to improve in July, and the momentum of economic recovery continued. The National Bureau of Statistics of China recently stated that current market demand and corporate vitality are strengthening, and the intensity of macroeconomic policies is increasing, which will play an important role in the recovery of the economy in the second half of the year. Since the beginning of this year, China has adopted a series of active fiscal policies and prudent monetary policies, which have played a positive role in investment growth.

　　Radio France Internationale reported that while the world economy is severely impacted by the epidemic, China's Purchasing Managers' Index (PMI) continued to rise in July, remaining above the critical point for five consecutive months, indicating that China's economic recovery is more stable than expected.

　　The Nikkei reported that aluminum inventories used in manufacturing for automobiles, building materials, and beverage cans have significantly decreased at the Shanghai Futures Exchange. Some analysts believe that this trend is related to the demand from China's automobile industry. Nozomi Masayuki, head of the financial markets department at Mizuho Bank, said: "This is proof of the recovery of China's automobile and other manufacturing industries."

　　China continues to expand its opening up and actively promotes foreign economic and trade cooperation, effectively boosting global aggregate demand and promoting the development of international trade. Data from the General Administration of Customs of China shows that in July, China's total import and export of goods increased by 6.5% year-on-year, continuing the positive growth momentum of both import and export in June. The Financial Times reported that China's exports saw significant growth in July, demonstrating the resilience of China's foreign trade.

　　An article by Mikhail Morozov, an observer for Trud, published on the Russian Free Media website, points out that the rapid recovery of China's foreign trade benefits from the Chinese government's decisive adoption of a series of measures to stimulate imports and exports. China has improved the efficiency of commodity customs clearance, actively expanded imports, and supported the construction of pilot free trade zones, free trade ports, and bonded zones, demonstrating China's determination to continue expanding its opening up. Morozov said: "From all aspects, China will remain an important driving force for world economic growth."

　　Rossiyskaya Gazeta's website published an article pointing out that this year, the "Overall Plan for the Construction of Hainan Free Trade Port" was announced, the 127th Canton Fair was successfully held, and the 2020 version of the negative list for foreign investment access was significantly reduced again... "These all show that China continues to move towards a higher level of opening up, and foreign investors' confidence in the Chinese market continues to grow."

　　Deutsche Welle reported that for many years, China has been a major pillar supporting global growth. With its increasingly diversified economy, China is expected to achieve positive growth this year, which will help alleviate the impact of the epidemic on the world economy.

　　Japan's Asahi Shimbun recently published an article by Japanese international political scholar Fujiwara Kiichi, stating that China has quickly emerged from the impact of the epidemic, and the world economy will recover driven by China's economy. In the post-epidemic era, China's economic influence will further strengthen.