The Presidente de China, Xi Jinping, he said on Monday that they are fully confident in China’s economic development, adding that the overall momentum of the economy is strong, Reuters reported. These statements come after the GDP growth figures for the fourth quarter were known, which, although they were better than expected, confirmed the slowdown and an increase of 4% compared to a year ago, one of the lowest figures since the 2020.
“Today’s world is undergoing major changes,” said the Chinese president, indicating that we are in “a new period of turbulence and transformation.”
Xi Jinping said that the world economy still faces limitations and that countries should strengthen the coordination of economic policies. “It should prevent the world economy from sinking again,” asked the highest Chinese authority. “We have to discard the cold war mentality,” Xi said. He stated that the confrontation “will lead to disastrous consequences.”
On the domestic economy he said that will continue with the reforms and the opening. “We will continue to let the market play a decisive role in the allocation of resourcesXi Jinping explained. He added that all types of capital are welcome in China, as long as they abide by the laws.
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