Xinhua International Review： ＂Dynamic Clearing＂ brings greater certainty to China and the world economy.
Xinhua News Agency, Beijing, May 12 th: "Dynamic clearing" brings greater certainty to China and the world economy
Xinhua News Agency reporter Fu Yunwei Zhang Yinuo
Recently, some heads of foreign chambers of commerce are worried that some foreign companies will consider China’s "alternative option" if China’s COVID-19 epidemic control measures affect their business. However, the Financial Times recently reported that even at the critical moment of epidemic prevention and control, many international investment banks, including Goldman Sachs Group and JPMorgan Chase, still chose to push forward ambitious business expansion plans in Shanghai and cast a vote of confidence for China’s economy with practical actions.
Practice has proved that since the epidemic spread around the world, China’s "dynamic zero clearing" has not only created a healthier, safer and more stable environment for China’s development, but also benefited the world and brought greater certainty to the world economy.
On April 14th, in the workshop of Harbin Boiler Factory Co., Ltd. of Harbin Electric Power Group, workers carried out production operations. (Photo by Xinhua News Agency reporter Wang Jianwei)
Unswervingly adhere to the general policy of "dynamic zero clearing", so that China’s economy, on the basis of efficient epidemic prevention measures, can release great resilience and vitality that has attracted worldwide attention and become an important fertile ground for global investors and a source of wealth.
As the only major economy to achieve positive growth in 2020, China’s economy achieved more than expected results in 2021: the total economic output exceeded 110 trillion yuan, further consolidating its position as a "stabilizer" and "power source" of the world economy. In this context, in 2021, the scale of foreign investment in China reached a record high, with a year-on-year increase of 14.9%. In the first quarter of this year, China’s foreign investment still maintained a double-digit growth, with a year-on-year increase of 25.6%.
Talking about this phenomenon, Luo Siyi, former director of the London Economic and Commercial Policy Agency, said that the scale of foreign investment attracted by China has increased year after year, which has proved China’s attraction to foreign investment. "The most important thing is not what they say, but what they do, especially where they invest their money."
Unswervingly adhering to the general policy of "dynamic clearing" has given China’s economy a boost and confidence in extraordinary times and changes, demonstrated China’s institutional advantages and governance efficiency, and fundamentally strengthened the confidence of long-term investors.
On April 7, the staff of the scenic spot performed in the Centennial Pear Garden in Shichuan Town, Gaolan County, Lanzhou City, Gansu Province. Affected by the epidemic, the scenic spot organized staff to broadcast live in the pear garden and invited people to "enjoy flowers in the cloud" to meet the public’s demand for flower viewing. (Photo by Xinhua News Agency reporter Chen Bin)
It is precisely because people are supreme, life is supreme, and the general policy of "dynamic clearing" is unswervingly adhered to that China has dialectically handled many pairs of important relations such as "saving people" and "saving the market", whole and part, short-term and long-term, thus minimizing the negative impact brought by the epidemic and stabilizing the anchor of China-foreign trade and economic cooperation. Furthermore, China has the conditions to give full play to its strong industrial supporting advantages and super-large-scale market advantages, and provide scarce supply and demand for the world economy.
Recently, following the positive progress in epidemic prevention and control in many places, the overall situation of Shanghai’s anti-epidemic is stable and positive. After the test of epidemic situation, China will once again prove to the world the important value of the general policy of "dynamic zero clearing".
On related topics, the British Daily Telegraph recently pointed out that China’s anti-epidemic measures will ensure that the medical and health system can resist the impact of the epidemic. China, where the epidemic is under control, will see rapid economic growth. The rise of China and the strong economy of China are still the "most important stories" in the 21st century.
Unswervingly adhering to the general policy of "dynamic zero clearing" is inseparable from the necessary epidemic prevention measures, which will inevitably bring temporary losses and difficulties to some foreign-funded enterprises. This is the necessary price to effectively control the epidemic and realize the orderly resumption of work and production. After being tested by the epidemic, China’s economy will continue to give back to the world.
It is necessary for the outside world to understand that once China, a large developing country with a large population and insufficient medical resources, abandons the general policy of "dynamic zero clearing", it will cause incalculable public health risks. Under the situation that people’s life safety and physical health are seriously threatened, the resumption of work and production is like a rootless tree, which is unsustainable and inevitably falls into a vicious circle of "weak anti-epidemic" and "disorderly resumption of work". The result will only seriously damage China’s economy, make foreign investors suffer huge losses, and even drag down the recovery of the world economy. Such a dilemma is not what all stakeholders are happy to see.
At present, the China government is accelerating the pace of opening up to the outside world, giving foreign businessmen national treatment in more fields, in a wider scope and at a deeper level, shortening the negative list, improving the business environment and releasing more open dividends. Foreign investors who are determined to invest in China for a long time are expected to gain high growth income by deepening the China market.
On April 15th, the 131st China Import and Export Fair opened online. In Hongze District, Huai ‘an City, Jiangsu Province, the staff of a ceramic enterprise introduced the products live in the exhibition hall. (Xinhua News Agency, photo by Zhao Qirui)
The pattern determines the outcome. Should we focus only on immediate interests, be swayed by considerations of gain and loss, and turn to the so-called "alternative option", or should we take a long-term view and keep our strength, and choose to work with China to overcome the difficulties and create a better future? I believe that wise entrepreneurs will make far-sighted choices.
China’s economy is a sea, not a small pond. Storms can overturn small ponds, but not the sea. Since we choose to sail together, we must help each other in the same boat and move forward with one heart. Only in this way can we usher in a vast tomorrow after the storm.