Recently, relevant experts in the German economic field interpreted China's economic performance and believed that China's economic situation is improving, which is of great significance to both Germany and the world. Under the epidemic, the Chinese government has issued a series of policies and measures for economic relief, which will not only boost the Chinese economy, but also have a positive significance for the world economy.
The new crown pneumonia epidemic casts a shadow on the global economic prospects. After taking effective measures to control the epidemic, China took the lead in resuming work and resuming production. How has China's economic performance become the focus of global attention. Recently, relevant experts in the German economic field interpreted China's economic performance and believed that China's economic situation is improving, which is of great significance to both Germany and the world.
Spencer, chief economist in the Asia Pacific region of Deutsche Bank, pointed out in an interview with the US Consumer News and Business Channel (CNBC) that China's economic situation is improving and will achieve "impressive" growth. He believes that most of the world's economies are still suffering from the economic impact of epidemic prevention and control measures, and China is expected to become one of the few economies that can still achieve positive growth this year. He believes that a series of indicators such as automobile and real estate sales show that China's domestic demand is recovering well and the Chinese economy is returning to normal. China's export data is also better than expected, but due to the severe impact of its trading partners' economy, China's foreign trade will still face a severe test.
German NTV also pointed out in its website report that a series of better-than-expected economic data has given the world hope. For example, although China's exports have declined significantly, the magnitude is much smaller than expected, and the recovery in auto sales in May is also stronger than previously estimated.
In an interview with the Economic Daily, Stockley, a macro-economist at the IFO Economic Institute (IFO) in Germany, said that the current economic situation in China has improved significantly compared to the first quarter. The growth of industrial production resumed in April and May, showing that the number of corporate orders has rebounded significantly, but the retail industry still needs further recovery. In terms of foreign trade, China's export growth has rebounded significantly, and the export effect of medical and health supplies is obvious.
Stockley believes that, on the whole, the current supply side has gradually returned to normal, but the recovery on the demand side still takes longer. After the outbreak of the epidemic, the Chinese government has adopted a series of fiscal and monetary measures. The role of these measures in stabilizing and restoring the economy remains to be seen. Stockley said that as an important sales market and an important supply chain base for German companies, China's economic recovery is of great significance to Germany, Europe and the world.
In an interview with the Economic Daily, Achim Lang, the general manager of the German Industrial Federation (BDI), said that the current series of clear signals indicate that the Chinese economy will come out of the shadow of the epidemic this year and resume growth again. Achim Lang said that China, as an important market for rapid global growth, the current positive trend of the economy has brought hope to German companies. At present, about 30% of German machinery manufacturing companies believe that despite being affected by the epidemic, they can still achieve their sales targets in the Chinese market this year. China's auto sales in May achieved double-digit growth, which is of great significance to the German auto industry. But Achim Long also reminded that with the introduction of the economic stimulus plan, it is necessary to be alert to the risk of overcapacity in some industries stimulated by policies.
Strach, general manager of the German Economic Asia-Pacific Committee, believes that the impact of the epidemic on the global economy and the Chinese economy will continue for two to three years. For China and Germany, foreign trade is an important pillar of the economy, and it has been severely affected by the epidemic. During the 2008 international financial crisis, the Chinese government launched an economic stimulus plan of 4 trillion yuan, which contributed to the stability of the world economy. Under the new coronary pneumonia epidemic, the Chinese government once again acted quickly and promptly launched a series of policy measures. He said that if the potential second wave of outbreaks can be effectively prevented, China's domestic demand will achieve strong growth and once again play an important role in the recovery of the world economy.
Market analysis believes that China provided a strong support for the world economy during the 2008 international financial crisis. Under the epidemic this year, the Chinese government has issued a series of policies and measures for economic relief, which will not only boost the Chinese economy, but also have a positive significance for the world economy.
