Recently, there has been a major good news in the world, and many countries have begun to adjustMonetary policyCut interest ratesThe number of countries exceeds the number of countries that have raised interest rates. This news is global in the worldEconomyand China in 2024EconomyThe development trend is of great significance.
According to agency data, due to the slowdown in the inflation trend andEconomyThe recovery needs to be driven urgently, and many are emergingEconomyThe country has recently begun to adjustMonetary policyCut interest ratesBecome the main choice. This signal indicates that theseCut interest ratesThe country is expected to achieve better market performance andEconomyForeground. It also means on a global scaleEconomyAgainst the backdrop of the recession, there has beenEconomyThe dawn of recovery.
For some time, globalEconomyIt has been facing a slow post-pandemic recovery, an energy crisis and inflationThe US dollar raises interest ratesmultiple challenges such as monetary tightening. In order to preserve their exchange rates and assets, most countries around the world have followed up with interest rate hikes, which has led to global monetary tightening and aggravationEconomyRecessionary pressures. However, with the US dollar pausing interest rate hikes and inflationary pressures easing,Cut interest ratesThe number of central banks exceeds the number of central banks that raise interest rates, marking the worldEconomymay usher in the dawn of the big **. This news for China in 2024EconomyThe development is of great significance.
In 2023, ChinaEconomyFacing multiple challenges, one of the main reasons is the severe foreign trade situation. as heightExport-oriented economyChina's dependence on the international market is extremely high, and it is highly dependent on exportsEconomyMode. However, China's exports will continue to decline in 2023, with year-on-year declines in all other months except for a brief period in this year. Especially in the second half of this year, the downward trend in exports has become more and more obvious.
According to the data, in dollar terms, in the first 10 months of this year, China's total import and export value fell by 6%, and its first import fell by 56%, imports fell by 65%。If this downward trend continues, it is expected to weigh on the whole of 2023Total imports and exports, which could even lead to a drop in GDP growth rate of almost 1 percentage point. In other words, if we can maintain last year's export levels, then the GDP growth rate in 2023 is likely to reach 6%, which is a very impressive achievement.
However, foreign investment and cooperation alone cannot make up for the worldEconomyThe negative impact of the recession and the contraction of demand in developed countries on exports. Therefore, we urgently need a global scaleEconomyFor the better, we even need to take the initiative to help other countries in order to save our exports.
In the context of the grim foreign trade situation, many countries around the world recentlyCut interest ratesnews for ChinaEconomyis a major positive sign. This means globalEconomyThere may be signs of recovery, creating a more favorable environment for Chinese exports, and also for China in 2024EconomyThe ** is injected with strong power.
Cut interest ratesThe number of countries has exceeded the number of countries that have raised interest rates, indicating that countries around the world are taking active measures to promote itEconomyRecovery. This news is especially important for China, which is one of the world's largest exporters and the international leader for ChinaEconomyThe contribution to growth is enormous.
When globalEconomyWhen demand increases, countries will be more inclined to buy Chinese goods and services, which will stimulate China's exports andEconomyIncrease. In addition, globalEconomyThe recovery will also drive the recovery of the global market, providing more opportunities and space for Chinese enterprises to expand overseas markets.
In this process, China has made a lot of efforts to promote the Belt and Road Initiative, increase foreign investment, and strengthen cooperation with BRICS countries. These measures will further boost China's exports and promote ChinaEconomydevelopment.
To sum up, globalEconomyPositive, multi-countryThe central bank cuts interest ratesand China's active efforts for China in 2024EconomyThe ** provides an important opportunity. As ChineseEconomyAssistant, I firmly believe that with the globalizationEconomyThe recovery of China and the continuous advancement of China's policies in 2024EconomyIt will usher in better development prospects. We must seize this opportunity, increase innovation, enhance industrial competitiveness, and achieve high-quality development for ChinaEconomyto make a positive contribution to the prosperity.