China urged to ‘make good use’ of its advantages to support economic recovery, fix development problems
- 4,300-word analysis published by the Development Research Centre of the State Council on the theory page of the government mouthpiece, the People’s Daily
- It highlighted China still has advantages for further development despite lower-than-expected economic data in April casting a cloud over the post-Covid recovery
China’s vast industrial scale, huge market demand, human capital, growing innovation and strong external economic ties remain a bright spot for the world’s second-largest economy, according to Beijing’s leading think tank, despite weak private and foreign investor confidence undercutting post-Covid recovery prospects.
In a 4,300-word analysis published on the theory page of the government mouthpiece, the People’s Daily, the Development Research Centre of the State Council said the country still has advantages for further development.
“Making good use of those advantages will not only support improving China’s economic fundamentals, but also serve an important basis to solving problems occurring in the development process,” it said on Tuesday.
China’s long-term social stability, numerous investment opportunities and substantial returns on investment make it a strong attraction for companies from all countries
Beijing’s continued investigations into US due diligence firm Mintz Group and American consultancy giant Bain & Company, as well the ban on US chip maker Micron, have raised questions about China’s post-Covid era business climate.