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Xinhua Silk Road
Economy

Interview: Trade growth makes China "engine of global economy" in pandemic, says Argentine academic

March 12, 2021


Abstract : China's trade growth in the first two months of this year has made the country a driver of the global economy under the impact of the COVID-19 pandemic, Argentine government adviser Lucas Gualda has said.

BUENOS AIRES, March 11 (Xinhua) -- China's trade growth in the first two months of this year has made the country a driver of the global economy under the impact of the COVID-19 pandemic, Argentine government adviser Lucas Gualda has said.

China's total goods imports and exports expanded 32.2 percent year on year to 5.44 trillion yuan (about 838.16 billion U.S. dollars) in the first two months, according to the Chinese General Administration of Customs (GAC).

"China is not only an importer and a purchaser of world's agrifood, but also an exporter of products of quality," Gualda said in a recent interview with Xinhua.

"China is the only country in the world whose economy had a V-shaped rebound, so we can say that they are back on their feet following the blow of COVID-19," he said.

China also continued with its plans to improve the quality of people's livelihood, he noted.

After a week of deliberations, Chinese lawmakers on Thursday adopted the Outline of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 at the closing meeting of the fourth session of the 13th National People's Congress (NPC).

"Those are good decisions made by the Chinese government for its people, and it is something that the entire world economy will benefit from," Gualda said.

Asked about the impact on Latin America of China's increases in foreign trade, Gualda said the region's export products were in optimal demand from China.

China's new five-year plan also pointed out that it would continue a high degree of development of the Belt and Road Initiative, he noted.

"Undoubtedly, China's trade growth indicates that the trade between these countries and China would advance by leaps and bounds," he said.

Latin American and the Caribbean countries should spearhead a national and regional strategy to take advantage of the "historic opportunity," Gualda said. Enditem

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