China Remains the Growth Engine for the World Economy

Nov. 7, 2021 (EIRNS)—China is still the growth engine for the world economy, Chinese Academy of International Trade and Economic Cooperation researcher Mei Xinyu declared in an op-ed in the Nov. 6 China Daily. “China has also raised global hopes by achieving robust economic growth in the first three quarters—9.8% year-on-year.... That China has largely contained the pandemic is mainly responsible for its excellent economic and trade performance since last year.... China’s rapid advancement in high-tech can also drive the global recovery.”

Xinhua reported that China’s foreign trade for the first 10 months of 2021 grew by 22.2%, led by 23% year-on-year trade growth with the countries of the Belt and Road Initiative.