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BREAKING
President al-Mashat: Our armed forces, represented by our air defenses, will soon turn the Zionist enemy’s aircraft into a subject of ridicule.
President al-Mashat: Good news about the Zionist enemy’s aircraft used in aggression against our country will reach you soon, God willing.
President al-Mashat: Our armed forces will be able to deal with hostile Zionist aircraft without causing any harm to air or maritime navigation.
President al-Mashat: To ensure the safety of airliners, they must avoid navigating along the routes used by the Zionist entity to carry out aggression against our country.
Yemeni President Mahdi al-Mashat: For the safety of air and maritime navigation in areas where our armed forces operate, we have directed that the routes used by the Zionist enemy to attack our country be designated as dangerous.
Hamas official says despite this, Hamas leadership is currently undertaking a thorough review of the new proposal
Hamas official says the response fails to meet any of the just and legitimate demands of our people
Hamas official says it is clear that the Israeli response fundamentally seeks to entrench the occupation
Reuters citing Hamas official: Group received Israeli response to Witkoff proposal
Sources to Al Mayadeen: The news regarding a press conference tonight by the head of the Hamas movement in the Gaza Strip, Khalil Al-Hayya, is false.

IMF: China to contribute a third to global growth in 2023

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Mar 2023 16:45
  • 3 Shares
2 Min Read

China's recovery provides a welcome boost to the global economy, the director of the International Monetary Fund says.

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  • A staff member displays a 100-yuan RMB banknote at the Bank of China Tower in Hong Kong. (AP)
    A staff member displays a 100-yuan RMB banknote at the Bank of China Tower in Hong Kong. (AP)

The Director of the International Monetary Fund, Kristalina Georgieva, expressed optimism about China's prospect, which is expected to contribute significantly to global economic development, making up approximately one-third of it in 2023.

The "strong rebound" in the Chinese economy, according to Georgieva, is significant for the entire world.

Georgieva emphasized that China's recovery provides a welcome boost to the global economy, noting that, according to an IMF study, an increase in China's GDP growth of one percentage point results in average growth of three percentage points in other Asian nations.

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According to China's social and economic development plan, the country's GDP is anticipated to reach 5% this year. Some academics, though, are more optimistic about China's economic development. The country's GDP could grow by 6% in 2023, according to Chen Fengying, the former head of the Institute of World Economic Studies at the China Institute of Contemporary International Relations.

Due to numerous COVID-19 breakouts and a volatile international environment, China's GDP growth rate in 2022 was 3% year over year. The GDP of the nation was 121.02 trillion yuan ($17.95 trillion) in 2022.

It was earlier reported that China's trade surplus increased by 30% last year, reaching an all-time high of $877.6 billion. Meanwhile, Russia moved up to second position in terms of trade surplus among big economies after increasing its surplus by 1.7 times over the course of the year to a record $333.4 billion, as per Sputnik calculations based on data from national statistics.

Read more: Putin, Xi highlight boosting Russian-Chinese cooperation
 

  • Global economy
  • International Monetary Fund
  • IMF
  • China
  • Chinese economy

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