China’s improving economy is a beacon of hope for troubled countries around the world: Bangladeshi economist – Xinhua

Aerial photo taken on Sept. 11, 2020 shows the view of the city of Shenzhen, south China’s Guangdong Province. (Xinhua/Mao Siqian)

China has shown its courage lately against all odds and can help vulnerable countries elsewhere in the world, a leading Bangladeshi economist has said.

by Naim-Ul-Karim

DHAKA, July 25 (Xinhua) — China’s economy, which has shown its courage lately against all odds, is a beacon of hope for crisis-stricken countries around the world, a prominent Bangladeshi economist said at a recent from an interview with Xinhua.

“China is doing well with its relevant programs,” said Md Aynul Islam, secretary general of the Bangladesh Economic Association (BEA), noting that huge resources and community cooperation under the leadership of the Chinese government have always helped. China to cope well with adversities, all with less disruption. to life and the economy.

China is handling the full range of activities well “to resist risks and stabilize the (Chinese) economy” which is still able to help vulnerable countries elsewhere in the world, he said.

According to the economist, China has excellent policy instruments to unlock greater development potential despite external challenges.

China’s already proven economy is accumulating more and more power, the BEA leader said.

The BEA has more than 4,500 economist members from academia, government, business, civil society and other sectors.

Photo taken on July 5, 2022 shows a section of the Padma Bridge rail link project in Keraniganj, on the outskirts of Dhaka, Bangladesh. (Xinhua)

Islam, also an economics professor at Jagannath University in the capital Dhaka, noted that the global economy has contracted with severe problems like dollar crisis, inflation, food crisis and natural calamities.

“The way China is progressing has set an example for the rest of the world,” he said, adding that China should showcase its knowledge and experience to help struggling economies return to normal.

Referring to the impact of various other challenges, including uncertainties in the international arena and the risks brought by rising protectionism and de-globalization, he said China’s long-term growth trajectory is strong and sustainable.

China, given its remarkable economic resilience and effective macroeconomic policies, will surely be able to inject more vitality into the global recovery, Islam said.

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