Hong Kong (CNN Business) – China wants to lead the global recovery from the pandemic and be more influential than ever in the global scenario. Podría tener the impulse and the confidence to take to cabo ese plan.
The second largest economy in the world has been overwhelmed by the consequences of the covid-19 pandemic this year, and its capacity to continue growing while the world in recession could mean that GDP is higher than the United States in the end of this decade, years before his hope.
“China’s impact of covid-19 antes that the rest of the world and the authorities are planning a large place,” wrote Françoise Huang, senior economist for Asia-Pacific Euler Hermes, in a news release last week titled “The mundo se mueve hacia el Este, rápido ».
China aims to outperform the United States in direct foreign investment attractiveness first. And by 2020, it has finally reached a commercial agreement with the European Union with the aim of boosting crime and burning European businesses to reach 1,400 million consumers. Ahora, Beijing is launching the new year as one of its most aggressive political adversaries, United States President Donald Trump, is breathing down his stride.
The President of China, Xi Jinping, made it clear that he is in China taking the first position next year and more.
During the virtual event “Agenda de Davos” of the World Economic Forum on Monday, Xi adopted a tone of confidence related to the forms in which his nation sent help to other countries and encouraged the world to work together, repeating a message about Benefits of globalization that will be converted into the first Chinese leader to appear in Davos in 2017.
Promoting China’s capacity to boost the global economy by injecting ‘more impetus into crime’.
China “will approve its large-scale markets and the potential of internal demand to burn more opportunities for peace-sharing and global economic recovery”, said Xi.
Xi certainly deserves the project of confidence, said William Reinsch, an expert in commerce of the Center for Strategic and International Studies (CSIS) who was appointed during 15 years as President of the National Council of External Trade.
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For a series of geopolitical challenges, including the Hong Kong-based education efforts and alleged abuse of human rights in the Xinjiang region of China, he has exacerbated tensions with the West and obstructed efforts to promote multilateral cooperation.
«[Xi] China’s global influencing action is already provoking more provocations in Xinjiang, Hong Kong, China’s Meridian Sea and respect for Taiwan, “Reinsch said. “These actions are unacceptable to the democracies, and we believe that we will see that China alone has its attractive market share,” he said.
For now, at least, China’s relative economic strength is difficult to ignore. Global fundraisers such as Fidelity and Invesco are keen to raise tens of millions of dollars in a Chinese application similar to TikTok, while international brands such as Costco, Tesla and Starbucks have both been inviting in their most aggressive manner. The country can receive pre-existing negative interest rates over the past year, which will attract large investors from all over the world, including Europe and the United States.
‘Confidence in China’
Despite the allegations that the initial crisis in Wuhan, China, is responding to the intense intensification and precedents of the original epicenter that paralyzed the life of the city during months. The restricted areas of the parish work. Although China is still struggling with some cases of covid-19, its numbers are not accepted at the registered levels in Europe and the United States. Authorities will also be able to rehabilitate large sectors of the economy this year, including when other nations are permanently closed.
Altesaam the median durations of quarantine in the additional actions destined to estimate the crime (the most important financial infrastructure infrastructure projects and effective deductions for the citizens) will help China’s growth by 2020 to 2.3 of the world was summed up in the recession.
“Inside and out of the block as long as the dead, the Chinese economy advances while part of the world lies in maintaining balance,” wrote Frederic Neumann, HSBC’s co-director of Asian Economic Research, in a statement last week.
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Given the rapid growth of China during the last decades, many economists have been predicting that the United States will rise at some point by 2030. But the ability of countries to cope with the pandemic is accelerating this trend.
“The habituation of the pandemic and the impacts of the crime on the large plaza in Occidental means that the economic economic situation in China has improved,” wrote researchers from the Center for Economy and Negotiations in December. Now it is hoped that China will surpass the United States five years before its introduction.
Chinese state media, the money as a barometer of sentiment among high-ranking officials, has been promoting the economic economy of the country. The Global Times, a tabloid state, approved the news of the United Nations Conference on Trade and Development, which states that China will receive the most direct foreign investment that the United States has made this year.
“China has launched the trade war initiated by the United States and the strategic contention of the country against China. Pero China en general ha resistido la prueba », editorial of The Global Times. “Everything is summed up in the exterior of the world in China.”
It is likely that the trend of inversion has been reversed as the United States of Europe recovers, says Dan Blumenthal, director of the American Enterprise Institute’s Asian Studies.
«The companies [extranjeras] will be announced at the same time by Chinese competitors and the panoply of anti-competitive practices in China », dijo. “As far as China’s scale and ambition is, it’s a formidable competitor to the United States.”
Challenges by delante
China does not exist for challenges.
The economists who believe that all exist exist for the future creation of the country. The International Monetary Fund said in December that China’s recovery was based in large part on the governor’s support, while the private guest did not return. Others signal that a large amount of letters and tax returns in state-owned enterprises have tended to downgrade markets.
“The political response to the covid-19 pandemic, while effective in the short term, is fueling more recourse to inefficient state-owned enterprises and increasing the burden of China’s debt,” wrote Julian Evans-Pritchard, China’s senior economist. Capital Economics, in an investigation last week.
The problems of debt he has had in China for years, enshrining economic policy.
El lunes, a legislator of Banco Popular de China, uitdrukking voor preocupación durante un discurso en Beijing porque los gobiernos locales institan institleciendo objibivivs de PIB demasiado agresivos. This increases the risk of accumulating debt, given the relative ease with which it can be sacrificed to the economy paying the most money earned, says the official, Ma Jun.
It includes the suggestion that Beijing should abandon the national GDP metrics and, in turn, increase employment and control inflation.
There is another potential for Chinese crime in the near future. In general, the intention is to reduce the dependence on Occidente and los últimos años. (For example, the main chip manufacturer in China, SMIC, has been stunned by recent restrictions on its negotiations).
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This is related to a mayoral concern for China. If President Joe Biden were to hold a more moderate Beijing deal with Trump, he did not hope to complete the commercial war or abandon efforts to reaffirm the United States as a global leader in economics and commerce.
Biden “has prioritized the gap against the covid and the restoration of the crime of our economy, but in the end it is a multilateralist”, said Reinsch of CSIS. “Once it has progressed in its national goals, it will also focus its attention on the problems of world trade.”
Laura He contributes important information.