OPINIONS China's positive economic outlook provides hope to low-income countries: Kenya's media

OPINIONS

China's positive economic outlook provides hope to low-income countries: Kenya's media

People's Daily app

17:14, December 30, 2020

World Bank projects that China’s economy will rebound to 7.9 percent in 2021. (Photo: Getty Images)

The Kenya Broadcasting Corporation published an article titled "China's positive economic outlook provides hope to low-income countries" on December 28, showing that China's economy remains resilient despite the impact from the coronavirus pandemic.

The article said that the coronavirus pandemic posed a significant challenge to China's economy, but after a sharp decline in the first quarter of 2020, China's economy has normalized. And it has actually done so faster than expected.

China's economic performance is important both to the country and to the rest of the world. "To the outside world, the greatest message this positive outlook sends to the Asian country's trading partners, perhaps, is that China's economy remains resilient," the article noted.

The article said the majority of African countries acknowledge the need for better infrastructure, which is still seen as a major barrier to development in the region. China's investments in Africa's infrastructure have risen significantly since the concept of the Belt and Road Initiative was launched. Numerous reports show China's investments have had a positive effect on the continent.

China has now delivered three-fourths of the multi-million dollar pledge it made to Africa in 2018, and over 70 percent of the $60 billion of financing support pledged by China has been either delivered or appropriated, the article said.

China is not only developing itself, but also working to build a community with a shared future for mankind. The world's second largest economy has now removed all remaining counties from the poverty list. Chinese consumption and production growth will continue to support adequate prices for commodities. Africa, as a continent on the growth track, is now in great need of a driving force. With continued strong and pragmatic economic policymaking, China can provide that impetus for economic growth to the rest of the world.

(Compiled by Zhu Yurou and Lu Dong)

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue