"It is expected that in 2020, the only major economy that can achieve positive growth is China." Reading the updated contents of the latest world economic outlook report released by the International Monetary Fund, international public opinion generally releases such encouraging information. Novel coronavirus pneumonia epidemic and severe recession in the world economy have brought strong confidence to China's recovery.

Having withstood the "stress test" of the epidemic situation, China has set a good example for other countries to comprehensively promote epidemic prevention and control and economic and social development. Recently, China's latest economic data have confirmed the optimistic forecast of the International Monetary Fund. For two consecutive months, the added value of industries above designated size has increased positively, the profit growth rate of industrial enterprises has turned from negative to positive, the production index of service industry has changed from down to up, the growth rate of industrial power consumption has accelerated, the power consumption of service industry and the volume of railway freight transportation have changed from decline to increase Data show that China's resumption of work and production has achieved initial results, and China's economy has begun to recover. The purchasing manager's index of manufacturing industry in June was 50.9%, which has been stable above the boom and bust line for four consecutive months, indicating that China's economic recovery momentum is consolidated and the stability of the industrial chain continues to strengthen, laying the foundation for a stable economic start in the second half of the year. The counter trend growth of the postal express industry is also a vivid manifestation of the revitalization of China's market. According to the statistics of the State Post Office, the National Express business volume has rapidly recovered and turned to positive growth from the low level in January. Since May, the growth rate has exceeded 40% year-on-year, reaching a new high since February 2018. Facts have shown that China has not only withstood the big test of the epidemic situation, but also implemented precise policies in the overall promotion of epidemic prevention and control and economic and social development, so as to promote the steady recovery and stable operation of the economy.

China has actively and orderly promoted the resumption of work and production, and China has provided a strong support for the stability of the global industrial chain supply chain. The impact of the epidemic on the world economy is still fermenting. The World Bank expects the global economy to decline by 5.2% this year, calling it "the worst economic recession since World War II.". The organization for economic cooperation and development (OECD) believes that the epidemic has triggered the most serious economic recession in nearly a century. Although countries have gradually relaxed prevention and control measures, the road to world economic recovery is still full of uncertainty. In this context, China has always anchored and stabilized the basic market of foreign trade, maintained the stability of global industrial chain supply chain, and bred new kinetic energy of economic development in supporting the cultivation of new trade patterns. "Chinese domestic enterprises not only return to work and production rapidly, but also help overseas suppliers restore production capacity and drive the recovery of international supply chain." The U.S. consumer news and business channel reported. Adam Posen, director of the Peterson Institute for international economics, said that China's government's timely and effective response to the epidemic, especially in the public health sector, is the key to its rapid economic recovery and to be in the forefront of the world.

Unswervingly promoting opening up, China has added new impetus to the recovery and development of the world economy. China's one belt, one road to promote foreign trade, and the promotion of trade and investment liberalization and facilitation, are the key elements of the Hainan government's work report. The negative list of China's foreign investment access in 2020 and the negative list of foreign investment access in the pilot free trade zone were released. On the basis of the reduction for three consecutive years, the negative list of foreign investment access was sharply reduced again, releasing a strong signal of opening up to promote reform and development in the face of the impact of the epidemic. The 127th Canton Fair was held online, attracting 217 countries and regions More than 90% of the exhibition area has been signed up for enterprise business exhibition, and some exhibition areas are hard to find Foreign people have pointed out that China is committed to creating an open and fair market environment, which will help to enhance investor confidence and promote global economic recovery.

Looking back at the "first half of 2020", although the economic operation is facing greater pressure, the fundamentals of China's economy stable and good in the long term have not changed. China has made great efforts to cultivate new opportunities in the crisis and to open a new situation in the face of changes. It has delivered an answer sheet that inspires the world. In a more unstable and uncertain world, China has the confidence and ability to continuously promote high-quality economic development and inject continuous confidence and momentum into the world economy under the shadow of the epidemic.

Source: People's daily