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時間:2022-08-15 來源:本站 點擊:258次

Economic resilience proves China's ability in handling compounding crises******Aerial photo taken on May 26, 2021 shows the Yangpu international container port at Yangpu economic development zone in south China's Hainan Province. (Xinhua/Pu Xiaoxu)  Aerial photo taken on May 26, 2021 shows the Yangpu international container port at Yangpu economic development zone in south China's Hainan Province. (Xinhua/Pu Xiaoxu)

BEIJING, Oct. 20 (Xinhua) -- China's economic growth notched 9.8 percent year on year in the first three quarters, which indicates that, despite global downward pressure, the Chinese economy has maintained the recovery momentum and continues to play a stabilizing role for the world economy.

While some overseas observers noted that China's growth rate slowed down in the third quarter compared with previous ones, they admitted that the Chinese economy is expected to return to its pre-coronavirus trajectory.

Facing multiple risks, the Chinese economy does not lack bright spots: domestic consumption is coming back; the high-tech manufacturing sector has posted a strong performance; and the service sector's input for the overall economic growth continues to go up.

In the meantime, China's foreign trade is showing strong resilience despite disruptions in global supply chains. China's exports to major world economies, including the European Union, the United States, Japan and South Korea, all maintained a double-digit growth in the first three quarters.

"For months, economists have made the same prediction: the fast growth of China's exports cannot last. The economists were wrong," The New York Times said in a recent report, which highlights China's ability to navigate its economy in times of compounding tests and challenges.

The Chinese authorities always take into account both cyclical and structural elements of the economy, and give targeted policy support to weak economic spots, while avoiding flooding the economy with liquidity and keeping on optimizing China's economic structure. Beijing has also paid close attention to striking a balance between stimulating short-term recovery and fostering long-term growth like boosting green development.

Moreover, China has carried on with deep reforms to expand market access for foreign investments, upgrade its business environment and promote multilateral trade cooperation.

The Chinese authorities have also stayed wary of the headwinds facing the economy, cautioning against "rising uncertainties in the international environment and uneven recovery in the domestic economy," according to National Bureau of Statistics spokesperson Fu Linghui. He pledged that China will continue to "take various measures to keep the economy running within a reasonable range."

In March, the Chinese government set its annual GDP target for 2021 at over 6 percent although many had expected the growth to reach 8 percent or more. This would give Beijing "more room to deal with long-festering issues in the economy," said The Wall Street Journal.

Looking ahead, the Chinese economy is expected to continue to perform well. Latest forecasts on China's yearly GDP in 2021 by the International Monetary Fund, the Asian Development Bank and the Organization for Economic Co-operation and Development all posted a rate of 8 percent or more.

As reporters of The Economist dug into stories of high-tech innovators in Hangzhou, nimble exporters in Wuxi and ambitious entrepreneurs in Wenzhou, all cities in east China, they found that "two of the fundamental underpinnings of China's economic dynamism remain intact: red-blooded competition in the private sector and the restless quest of millions upon millions of ordinary people to improve their lot in life."

Given China's determination to push forward reforms as well as its flexibility in policy, the Chinese economy is buoying confidence in the global recovery and will bring more development opportunities to other economies. Enditem

Teacher killed, 33 kids rescued as boat overturns in northern Pakistan******

A teacher was drowned while 33 kids were rescued when the boat carrying them overturned in Pakistan's northwestern Khyber Pakhtunkhwa province on Tuesday, local media reports said.

The teacher and the students were on a school trip to the Khanpur dam, some 47 km northwest of the national capital Islamabad. The accident happened during their boating in the lake.

Some of the kids including four who were in critical condition were shifted to a nearby hospital.

The Khanpur dam is a famous tourist site where people go sightseeing and for activities including boating, jet-skiing and cliff jumping.

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  华商报记者 邢雪雪 






New Bond film "No Time to Die" stays atop Chinese box office******

BEIJING, Nov. 2 (Xinhua) -- The latest James Bond film "No Time to Die" continued to lead the Chinese mainland box office on Monday, data from the China Movie Data Information Network showed Tuesday.。

The film, the 25th installment in the Bond franchise and Daniel Craig's fifth and final film in the role of a British spy, finished its fourth day of screening with 19.50 million yuan (about 3.05 million U.S. dollars).。

War epic film "The Battle at Lake Changjin" came in second with a daily earning of 11.18 million yuan on the daily box office chart. Its total box office takings exceeded 5.5 billion yuan after 33 days of screening.。

It was followed by 2008 Japanese drama "Departures," which raked in 4.07 million yuan on Monday. Enditem。





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