Former Czech Prime Minister Iri Parubek said in an exclusive interview with China Central Radio and Television Station that according to purchasing power parity, China's GDP currently accounts for 18.4% of the world.In addition, China's average annual contribution to world economic growth is about one-third.Such economic dynamism is beyond the reach of the West.
Parubek pointed out that under the framework of "One Belt, One Road", Chinese enterprises, governments and local partners have strengthened cooperation in railways, highways, power plants, oil pipelines, seaports, wireless communication networks, as well as medical, school and social facilities. , which will undoubtedly boost the economy of the investment destination.Huge infrastructure construction projects will accelerate the economic development of the countries concerned.At the same time, it will also create opportunities for China's economic development, especially to promote the development of western China.
Parubek said that the Chinese government has recently deployed measures to support private investment in order to expand effective investment and drive consumption and employment.According to China's National Bureau of Statistics, retail sales, an indicator of household consumption, fell 6.7% year-on-year in May, but significantly better than the 11% drop in April.An analysis report released by China's Global Times a few days ago showed that after the unblocking of several major cities, including Shanghai, thanks to measures to stabilize growth and the promotion of private investment, the national economy showed a recovery momentum in May.Instead, Western countries are likely to face an economic downturn this year.European economies will face high inflation, especially the rising prices of energy, industrial metals and food, which will negatively affect the living standards of people in European countries.Chinese economists expect household consumption to grow further this year as the epidemic dampened consumer demand in the previous two years, as measures to stimulate consumption are implemented across the country.Among them, automobile consumption will continue to expand.At present, China can achieve its economic growth target of about 5.5% this year.
