Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 20 (Xinhua) — China will continue to steadily expand the opening of its market to the world, accumulate new driving forces, provide new opportunities, and bring more benefits to the common development of all countries through its own stable development, giving it stronger momentum, Chinese Foreign Ministry spokesperson Guo Jiakun said Friday.
As a recent World Bank report shows, the Chinese economy is still growing at the beginning of 2025, and the Chinese government has taken appropriate monetary and fiscal measures to counteract the uncertainty in global trade. At the same time, international financial institutions such as JPMorgan Chase and Goldman Sachs have also recently raised their growth forecasts for the Chinese economy.
Answering a relevant question at a press briefing, Guo Jiakun noted that despite the complicated external environment, the Chinese economy has demonstrated sustainable development, maintained stability while moving forward, improved and renewed, and demonstrated strong resilience and development potential. China has become a “stabilizing foundation” for the world economy and a “center of attraction” for sharing development opportunities, the Chinese diplomat noted.
According to Guo Jiakun, in the first five months of this year, China’s total import and export volumes of goods grew by 2.5 percent year-on-year, while retail sales of consumer goods increased by 5 percent. The growth in foreign consumption in China is particularly noticeable: in the first month of the new exit tax refund policy, the number of such refunds increased by 116 percent compared to the same period last year. In addition, visa-free travel to China is expected to be extremely popular during the summer tourist season, the diplomat added.
“Facts have proven that the fundamental trend of the long-term sound development of the Chinese economy will not change, the advantages of a super-large domestic market and a complete industrial system will be maintained, and the focus on high-quality development and high-level opening up will remain unchanged,” Guo Jiakun said.
This is the source of confidence of the international community in China, which encourages them to continue to bet on the Chinese market, to develop it and to take root in the country, the official representative concluded. –0–