At present, the COVID-19 epidemic has had a significant impact on the world economy, and the rise of protectionism has made the development of globalization face severe challenges. According to the forecast of the International Monetary Fund (IMF), the global economy will decline by 4.9% in 2020. While the COVID-19 epidemic has enveloped the global economy, 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 will reach 2% this year, which is 1% higher than that predicted in early June.
"Don't let people boast that the color is good, just let the air be full of dry Kun." Since the outbreak of COVID-19, China has made great efforts to cultivate new opportunities in the crisis and explore 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 this year from 1% to 1.9%. Standard & Poor's Global Rating also thinks that China's economic growth rate is higher than average, and it is predicted that the average per capita real GDP growth rate will be 5.5% in the next three years.
China's economic resilience has attracted extensive attention from the international community. Under the impact of the COVID-19 epidemic, the global economy is facing a difficult period. 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 has also received extensive attention from the international community.
With its strong kinetic energy, China's economy has been widely valued by the international community. Let all the innovative vitality flow in and all the creative driving forces compete to generate, and China's economy will be evergreen 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 309 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 full of confidence in the high-quality economic development.
China's economic potential is huge, and it has received extensive attention from the international community. To analyze a country's economic development, we should not only look at the current situation, but also look at the medium and long-term support. China has a population of over 654.38+0.4 billion, including over 900 million laborers, over 400 million middle-income groups and over 654.38+0 billion market players. By June 2020, the number of Internet users in China has reached 940 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.
The development of China cannot be separated from the world, and the development of the world also needs China. With the continuous promotion of "internet plus", the modernization level of China's industrial chain supply chain has been continuously improved, and it is making positive contributions to the stability and smoothness of the 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 big cycle as the main body and the domestic and international double cycles 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.