久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Policies

Experts say China key to global recovery

By ANDREW MOODY | CHINA DAILY | Updated: 2020-08-05 07:15
Share
Share - WeChat

Route to recovery

Workers lay a rail line linking Golmud, Qinghai province, and Korla, Xinjiang Uygur autonomous region. DING LEI/XINHUA

Edward Tse, founder and CEO of Gao Feng Advisory, a management consultancy, thinks the strength of China's economy offers a pathway to global recovery.

"China's role in the world in terms of its contribution to global GDP growth continues to be very significant and is probably going to be even more significant because the rest of the world is lagging so far behind," he said.

"It is important that other countries take note of this, but at the moment I am not sure they are. China is now so important to how we all get out of this."

President Xi Jinping made clear in a letter to global CEOs published on July 16 that the fundamentals of China's long-term economic growth had not changed despite the pandemic.

He said the country remained committed to deepening reform and further opening up its economy to provide a better environment for investment and one in which Chinese and foreign enterprises can thrive.

Five days later, Xi reinforced this message. Speaking to a symposium of Chinese entrepreneurs, he said the government remained committed "to creating a market-orientated, law-based and internationalized business environment".

Koh King Kee, president of the Centre for New Inclusive Asia, a think tank based in the Malaysian capital Kuala Lumpur, said this would make China an attractive place for investment as the world recovers from the pandemic.

"Xi's pro-business statement will undoubtedly provide a big boost to business confidence in China, both to foreign and local enterprises," he said.

Even before the pandemic, there was evidence that foreign companies were finding it easier to do businesses in China.

A new Foreign Investment Law took effect on Jan 1, opening up other sectors for investment and giving foreign companies the same rights as domestic ones by entitling them to "national treatment".

According to the World Bank, in terms of the ease of doing business, China ranked fifth among 190 nations in improvements made since 2015.

In its Doing Business 2020 report, China ranked 31st among countries having the best environment in which to do business, ahead of France (32nd), Israel (35th) and the Netherlands (42nd), and only just behind Japan (29th), Germany (22nd) and Canada (23rd).

Parag Khanna, founder and managing partner of FutureMap, a strategic advisory company, and author of The Future is Asian, said China's openness has been particularly evident in the financial markets.

"It has become clear in recent months that China is keen on capital account liberalization, and Western asset managers have been increasing their exposure to China's debt, equity and bond markets despite American political pressure to disengage," he said.

"The lifting of foreign ownership caps in the banking and insurance sectors and Tesla's growth in China speak to the market opportunities," he said, referring to the US electric car maker and clean energy company.

Andrew Sheng, a former central banker and financial regulator and now distinguished fellow at the Asia Global Institute at the University of Hong Kong, said this openness will be beneficial to China as it emerges from the coronavirus crisis.

"The commitment to deepening reform and further opening-up is welcome and necessary if China and the world economy are to recover strongly," he said, adding that even with this commitment, attracting international investment will remain a challenge.

"One must be realistic that global corporate investment will be weak this year until the pandemic is controlled. Many global corporations are struggling to control the damage to their own balance sheets, so they will have fewer resources to do long-term investments abroad," Sheng said.

|<< Previous 1 2 3 4 5 6 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日韩午夜免费视频 | 欧美精品专区免费观看 | 久久观看午夜精品 | 国产高清一级片 | 手机在线毛片 | 日本三级香港三级少妇 | 欧美一级大片在线观看 | 久久99国产亚洲精品 | 日本九九视频 | 国产精品久久久久久影院 | 欧美特黄一片aa大片免费看 | 久久久久久色 | 精品欧美一区二区三区免费观看 | 大量真实偷拍情侣视频野战 | 国产精品va一级二级三级 | 国产真实生活伦对白 | 国产欧美一区二区精品久久久 | 亚洲男人在线 | 精品无人区一区二区三区a 精品午夜国产在线观看不卡 | 一级毛片免费播放 | 91极品尤物| 一级做a爰片毛片 | 毛片图片 | www.黄网站| a级做爰片毛片视频 | 欧美成a | 欧美国产综合日韩一区二区 | 久草视频福利资源站 | 一级毛片aaaaaa免费看 | 国内免费视频成人精品 | 久久久9999久久精品小说 | 国产日韩欧美在线 | 国产亚洲区 | 亚洲国产精品67194成人 | 99九九精品免费视频观看 | 免费成年人视频网站 | 亚洲韩国欧美一区二区三区 | 男女性高清爱潮视频免费观看 | 成人看片黄a毛片 | 成人性版蝴蝶影院污 | 日本免费在线 |