Foreign capital appears optimistic in the Chinese market

  In news published yesterday in The Wall Street Journal, it was noted that China's economic recovery in August had accelerated, and retail sales increased compared to the same period last year.

  The first monthly growth of this year has been achieved in the Chinese economy, which means that the Chinese economy has returned to its pre-epidemic level.

  According to another CNN on September 15, although the Covid-19 epidemic has pushed the global economy into a bottleneck, the Chinese economy is on the rise.  The economy has been in recovery for several months, and consumers are starting to go out and spend money.

  In an article published yesterday in Nihon Keizai Shimbun, Japan's largest economic newspaper, it is reported that US corporate executives attended the "China Internet Smart Expos" which opened in Chongqing on September 15th.  According to the article, this clearly reflects the strategic importance of the Chinese market during the technology conflict between China and the United States.  While directors of US tech giants Qualcomm, Intel and Hewlett-Packard gave speeches at the opening ceremony of the Smart Expo, the event was also attended by executives from Huawei, Tencent and Baidu.

  The Financial Times wrote yesterday that the momentum of the economic recovery increased after the number of COVID-19 cases in China fell to a very low level and the government provided support for economic activities for infrastructure projects.

  Singapore's "Lianhe Zaobao" newspaper also included a report on September 15th, published by the Asian Development Bank on the same day, that China is one of the few economies that has survived the economic crisis in the Asia-Pacific region.

China Radio International

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