World Economic Forum 2022: China Outlook

发布日期:2022-05-26 12:07
With China's opening-up policy, continuous optimization of the business environment for foreign companies, and strong economic resilience, it will remain a hot place for investment, said global experts at the World Economic Forum (WEF) 2022 in Davos, expressing confidence in China's economic outlook.

WEF President Borge Brende said that he has a lot of confidence in China's economy.

 "We are seeing inflation, the highest in 40 years, in some of the key economies. We also see that the Chinese economy is slowing down due to COVID-19. I have a lot of confidence in China's ability to get through these crises. What I do hope for is that in the coming year, China and the US will lower tariffs… because everyone will benefit from this. We are in a win-win world," Brende said in an interview with CGTN.

Billionaire investor David Rubenstein, co-founder of Carlyle Group, on Tuesday said that China has a very bright economic outlook in the long term, during an interview with the Xinhua News Agency. 

Marcos Troyjo, president of the New Development Bank, said on Monday that China is like a magnet to attract investors and create opportunities for emerging markets and developing countries. He projected 5 percent GDP growth for China in 2022.

In 2021, China's actual utilized foreign investment totaled 1.15 trillion yuan ($172 billion), up 14.9 percent year-on-year.

A survey published by German media Frankfurter Allgemeine Zeitung on Monday said that German companies are staying true to the Chinese market.

Politicians in German state Baden-Württemberg are calling for the economy to become more independent of China. But the industrial sector is not thinking about it and is fully committed to China, read the survey.

The largest German corporations do one-fifth or more of their business in China. The Stuttgart Chamber of Industry and Commerce estimates that more than 1,200 companies from Baden-Württemberg are active in China, while there are around 5,000 from all of Germany.

Mercedes-Benz is reportedly increasing its market share in China. It will expand its local presence in the Chinese market.