Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China "indispensable" to strong global economic recovery: Bloomberg

December 17, 2020


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

Scan the QR code and push it to your mobile phone

Keyword: Bloomberg economic recovery

Reading:

China remains strong magnet for foreign capital amid successful control of COVID-19 pandemic

China's Internet plus healthcare industry enjoys rosy prospect

China's "dual circulation" powers foreign investors' development

Interview: China's economic growth will benefit global recovery, scholar says

China's coal supply sufficient for winter heating: economic planner

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial