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China “indispensable” to strong global economic recovery: Bloomberg

Abstract : China's strong economic performance this year has shown how much the world needs it to realize a sound global economic recovery in 2021, said a recent Bloomberg opinion article.

BEIJING, Dec. 17 (Xinhua) — China’s strong economic performance this
year has shown how much the world needs it to realize a sound global
economic recovery in 2021, said a recent Bloomberg opinion article.

“The world needs China more than ever. Thank goodness it’s showing
up: Economic data released Tuesday all looked strong and in line with
forecasts,” said the article published Tuesday.

China’s National Bureau of Statistics (NBS) unveiled on Tuesday key
economic indicators for November, signaling a world-beating growth
trend, as consumption and investment gradually return to normal levels.

Retail and investment, two main growth drivers, have picked up pace,
with market entities and the employment sector showing strong vitality
in November, according to the NBS.

Among all the released economic figures, the article found the
5-percent increase year-on-year in retail sales “particularly
encouraging.”

“In reviewing the global scene, the world’s second-biggest economy
stands out all the more,” the article added, calling China
“indispensable” as other major economies are still “going the wrong
way.”

“The upbeat projections for a strong global rebound in 2021 depend on Beijing maintaining this momentum,” it said. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China “indispensable” to strong global economic recovery: Bloomberg

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