The World Bank predicts that China's economy will grow by 2% this year. Why doesn't China's economy grow instead of falling?

At present, the COVID-19 epidemic has significantly impacted the world economy, and the rise of protectionism has made globalization face severe challenges. According to the forecast of the International Monetary Fund (IMF), the global economy will decline by 4.9% in 22. At a time when the COVID-19 epidemic has clouded the global economic horizon, the resilience and vitality of China's economy have also received strong attention. The World Bank's report on the economic situation in East Asia and the Pacific released on September 28th predicted that China's economic growth rate would reach 2% this year, 1 percentage point higher than the 1% predicted at the beginning of June.

"Don't be boasted of good colors, just keep your breath full of dry Kun." Since the outbreak of New Crown Pneumonia, China has made great efforts to cultivate new opportunities in the crisis and open up new opportunities in the changing situation, and the breath of economic recovery has been felt by the international community. In addition to the World Bank, Moody's Investors Service, an international rating agency, recently updated its global macro outlook report, raising China's economic growth forecast from 1% to 1.9% this year. Standard & Poor's Global Rating also believes that China's economic growth rate is higher than the average level, and it is estimated that the per capita real GDP growth rate will average 5.5% in the next three years.

with good resilience, China's economy is widely valued by the international community. Under the impact of the COVID-19 epidemic, the global economy is facing a difficult time. However, "China's economy is a sea, not a small pond", which has withstood the impact and pressure. Statistics show that China's economy rebounded strongly in the second quarter, with the growth rate rising from -6.8% in the first quarter to 3.2%, despite the epidemic. At present, China's economy is recovering steadily, and its main indicators continue to pick up. Strong resilience has helped China's economy recover from the epidemic, and it is also widely valued by the international community.

with strong kinetic energy, China's economy is widely valued by the international community. Let all the vitality of innovation fully flow in, and let all the driving forces of creation compete in generate, and China's economy will blossom all the year round. In recent years, from emerging industrial forms such as 5G and big data to new lifestyles such as mobile payment, unmanned retail and online payment, China's new economic momentum has become increasingly strong. As of June this year, the number of e-commerce live users in China reached 39 million, making it the fastest growing personal Internet application in the first half of this year. The continuous accumulation of new kinetic energy makes China's high-quality economic development full of confidence.

with great potential, China's economy is widely valued by the international community. To analyze the economic development of a country, we should not only look at the current situation, but also look at the medium and long-term support. China has a population of more than 1.4 billion, including 9 million laborers, over 4 million middle-income groups and more than 1 million market players. By June 22, the number of netizens in China has reached 94 million. At present, China is in the stage of rapid development of new industrialization, informationization, urbanization and agricultural modernization, with the most active and diversified consumer market in the world and great potential for economic development.

China can't develop without the world, and the world needs China. With the continuous promotion of "internet plus", the modernization level of China's industrial chain supply chain has been continuously improved, which is making positive contributions to the stable and smooth global industrial chain supply chain. It is certain that the great potential and powerful kinetic energy of China's development will be fully released by accelerating the formation of a new development pattern with the domestic macro-cycle as the main body and the domestic and international dual-cycle promoting each other. In an unstable and uncertain world, China will inject a steady stream of confidence and kinetic energy into the world economy under the shadow of the epidemic.