Foreign media is jealous! Recently, China has announced three good news in a row, and the signal is becoming increasingly clear.

First, foreign trade exports have had a successful start. According to Japanese media reports, China's export trade in the first two months of this year reached 656.5 billion U.S. dollars, an increase of 21.8%. Among these, exports to the United States did decline by 11%, but exports to Europe and Southeast Asia have been rising sharply. For example, exports to the EU increased by 27.8%, and exports to ASEAN increased by 29.4%. This means that now it's like walking with several legs, and the structure of foreign trade has become more stable than before, which is something foreign media didn't expect.

The second is that consumption is accelerating in recovery. The data released yesterday showed that the total retail sales of consumer goods in the first two months of this year were 8.6 trillion yuan, an increase of 2.8% compared to the same period last year. Some people may say that 2.8% isn't much for China's Spring Festival, but everyone should know that with our scale, steady growth is already very good. Moreover, deepening domestic demand and boosting consumption remain a key word this year. The government has also allocated 350 billion yuan to boost consumption, and we believe it will achieve the expected results.

The third is that foreign investors still have confidence in China. The latest data is only for January, where China's actual use of foreign capital was 92 billion yuan, and new foreign enterprises established 5,306, showing a steady growth of 25.5%. Including Germany, Switzerland, and Singapore, investments in China have all seen double-digit growth. Although there are some foreign media outlets that like to be negative in recent years, real data speaks louder than words.

Taking Walmart as an example, its business in China has been slightly reduced in recent years, but at the same time, its Sam's Club has been expanding rapidly. In the previous fiscal year, Walmart China sold 24.7 billion U.S. dollars, with a growth rate close to 22%. Eli Lilly is another example. On March 11, it announced plans to invest a cumulative 3 billion U.S. dollars over the next decade to comprehensively expand its supply chain capacity in China.

Import consumer goods companies such as Estee Lauder, COACH, and Burberry are also increasing their investment in the Chinese market. Recently, I saw Estee Lauder officially join the Chinese platform VIP.com, trying to gain more growth opportunities through deep discounts. Additionally, with Chinese youth's love for outdoor activities, more than a dozen global outdoor brands quickly acted last year, opening their first stores in China or returning to the Chinese market.

In economics, exports, consumption, and investment are known as the "three horses" driving economic growth. At the beginning of this year, China has continuously sent out good news, making the signals of growth very clear. What makes foreign media envious is that almost none of the major world economies have GDP growth exceeding 3%, while China has the confidence to propose that this year's GDP growth should exceed 4.5%.

Original: toutiao.com/article/1859908788902024/

Statement: This article represents the personal views of the author.