Namibian scholar China injects certainty into the global economy

Mondo Finance Updated on 2024-01-30

International ** special article: "Namibian Economist Daily" ** on December 18 published a commentary ** chapter "China's economic measures to promote Namibia to prosperity", the author of the article, Namibia independent economic analyst Josef Shehama (Josef Sheehama) said that in the face of the complex international economic situation, China actively shares development opportunities with other countries, injecting "certainty" into the global economy.

Screenshot of the Namibian Economist article.

The article begins by pointing out that the current global economic situation is complex and severe, and China's economic development route is of vital global significance, and China has made continuous efforts to achieve modernization and inject "certainty" into the global economy.

According to the economic outlook of the Bank of Namibia, the Namibian economy is expected to continue to grow in 2023 and 2024 and will benefit greatly from a comprehensive strategic partnership with China, the article said. Namibia should seize the opportunity to expand win-win cooperation with China to drive economic growth and common prosperity.

According to the analysis of the article, Namibia's economic growth rate is expected to slow down due to the weak domestic and global demand in Namibia. In the face of multiple challenges, such as high inflation and interest rates**, China's economic initiatives and international initiatives have boosted global economic resilience and helped Namibia increase its potential to expand its economy.

The article mentions that China is the main partner of more than 140 countries and regions, attracting a large amount of foreign direct investment and foreign investment, which is enough to reflect China's "pivotal" position in the world economy. As China continues to strengthen connectivity, integrate industrial chains, high-quality chains and value chains, and create a fair and open business environment, China will create new opportunities for global economic growth, and Namibia will also benefit from this.

The article writes that China, rich in resources and large population, has "unparalleled" advantages in many aspects, which is conducive to achieving rapid innovation and development. The authors recommend that Namibia** consolidate its cooperation with China to enhance its digital literacy and learn Xi from China's valuable experience to transform Namibia's economy and embrace the Fourth Industrial Revolution.

The article spoke highly of China's efforts to help other countries around the world, saying that China's humanitarian aid demonstrates its image as a "responsible global citizen." China's Belt and Road Initiative, the building of a community with a shared future for mankind and dialogue among civilizations further demonstrate China's commitment to alleviating the poor and the disadvantaged and promoting global connectivity.

The author concludes by emphasizing that the changing world order has brought many risks and challenges to the world, and that it is imperative for Namibia to strengthen cooperation with China in order to enhance Namibia's industrial competitiveness and promote the smooth transformation of Namibia's economy. (Ma Jiaxin).

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