ISLAMABAD: While China has optimized its COVID-19 reaction measures, many foreign corporations and investors will invest in the country, a Pakistani economist told Xinhua in an interview.
“I see a lot of foreign investment in China to play their part in improving their industry and of course they will have much lower operating prices in China,” said Badiea Shaukat, economic representative of the Sustainable Development Policy Institute (SDPI). , a think tank based in Islamabad.
Shaukat said policy optimization is a requirement of the day, as all global trade is urgently needed, especially in the generation and fitness sectors.
He said Covid-19 had disrupted the entire global supply chain as many countries imposed restrictions on their business activities. However, corporations were operational in China thanks to its effective anti-pandemic measures that largely met foreign demand.
Shaukat said China’s optimization of COVID-19 reaction measures would lead to a significant expansion of China’s exports and help the country generate employment opportunities, heat consumption and inflation rate.
China’s virtual economy, which ranks first in the world, has been a major expansion driving force for the country, which is expected to boost overall economic activity in 2023, he said.
Shaukat said the world depends on virtual networks and monetary inclusion, and China has a well-established virtual system.
According to a recent report by the Chinese Academy of Cyberspace Studies, China’s virtual economy reached about $6. 3 trillion in 2021, accounting for 39. 8% of the country’s gross domestic product.
“So, with the new policies in place, we will see a significant and significant contribution of China’s virtual economy to the global virtual economy. “
Highlighting the global food and climate crises, Shaukat said China will pay special attention to strengthening investment in these sectors to mitigate their effects internationally.
He said that due to the pandemic and many conflicts, the emerging costs of food around the world are a major fear for the world. The expansion of the Chinese economy would make it imaginable to control rising external costs by adding food inflation.