International Business Daily: (Xiao Huilin) w88 online casino along the Belt and Road Initiative has risen against the trend; bailout policies buffer epidemic risks
China’s overseas w88 online casino is gradually recovering on a regular basis
(Source: "International Business Daily" Date: July 29, 2020)
July 29: Despite the sharp decline in global w88 online casino due to the spread of the COVID-19 epidemic, China's overseas w88 online casino stabilized its position in the first half of this year. Data recently released by the Ministry of Commerce show that in the first half of the year, Chinese domestic investors made non-financial direct investments in 159 countries and regions around the world, with a total w88 online casino of 362.14 billion yuan, a year-on-year decrease of 0.7%.
To this,Xiao Huilin, Deputy Dean of the w88 casino of International Development and Cooperation of the w88 casino, Deputy Secretary-General of the China Society of International w88 of the Ministry of Commercesaid that in the first half of the year, affected by factors such as the COVID-19 epidemic and the complex international situation, China's external w88 online casino uncertainty increased, corporate w88 online casino confidence was insufficient, and there was a certain decrease in external w88 online casino flows. Against this background, the country has introduced a series of policies and measures to stabilize w88 online casino, and the linkage between government and enterprises has kept China's overseas w88 online casino generally stable, with a small decline, and is gradually recovering towards normalization.
Market highlights superimposed on policies to stabilize the basic market
The epidemic that occurred at the beginning of this year had a huge impact on the global economy, and also caused China's foreign w88 online casino to face many uncertainties, which are mainly reflected in three aspects: First, the epidemic intensified the political fluctuations in some countries, slowing down the communication and promotion of overseas projects, thereby reducing China's global w88 online casino flows and inhibiting cross-border w88 online casino. Second, the epidemic has led to a global economic downturn, which to a certain extent has caused Chinese companies to reduce the scale of foreign w88 online casino. At the same time, travel restrictions implemented to avoid the spread of the epidemic have hindered cross-border w88 online casino activities by enterprises, reducing w88 online casino confidence and willingness. Third, the epidemic has impacted both the supply and demand sides of China's industries, affecting China's industries' overseas w88 online casino income and the efficiency of income reinvestment.
In this context, China's foreign w88 online casino can still stabilize its position, which is inseparable from the outstanding performance of w88 online casino in markets along the "Belt and Road". Data show that in the first half of this year, Chinese enterprises made non-financial direct investments of 57.1 billion yuan in 54 countries along the "Belt and Road", a year-on-year increase of 23.8%, accounting for 15.8% of the total foreign w88 online casino in the same period, an increase of 3.2 percentage points from the same period last year, mainly in countries such as Singapore, Indonesia, Laos, Cambodia, Vietnam, Malaysia, Thailand, Kazakhstan and the United Arab Emirates.
“The rise in w88 online casino in markets along the Belt and Road Initiative was a highlight of my country’s foreign w88 online casino in the first half of the year.”Xiao Huilinsaid that although the overall growth rate dropped slightly in the first half of the year, driven by w88 online casino along the “One Belt, One Road” initiative, China’s foreign w88 online casino showed a trend of facing difficulties and riding the wind and waves.
Pang Chaoran, a researcher at the Institute of Foreign Economics of the Ministry of Commerce Research Institute, also feels the same way. In his view, "The rapid growth of w88 online casino in countries along the 'Belt and Road' reflects the positive results achieved by my country's continued deepening of cooperation with countries along the 'Belt and Road' under the influence of the epidemic."
In fact, in order to boost foreign w88 online casino, relevant national departments have introduced a series of relief policies and measures, which have improved the convenience and safety of foreign w88 online casino, reduced the burden on enterprises, and minimized the impact of the epidemic on overseas w88 online casino.
Xiao HuilinIntroduced to reporters that the national level mainly promotes foreign w88 online casino by implementing proactive fiscal policies, stable and flexible monetary policies, and strengthening financial support. While implementing various national policies, the Ministry of Commerce has promptly introduced a number of specific measures in response to the epidemic, such as reforming the application and approval procedures for enterprises’ overseas w88 online casino. Through online paperless processing, the convenience of the application and approval process has been greatly improved, and the efficiency of enterprises’ overseas w88 online casino has been improved. Another example is actively improving the "Going Global" online public service platform and publishing the "Country (Region) Guide to Foreign w88 online casino and Cooperation" to provide enterprises with detailed information on the w88 online casino and business environment of countries and regions around the world, effectively reducing the risks of enterprises' foreign w88 online casino and cooperation.
Prevent risks and move forward under pressure
Talking about the development trend of China’s overseas w88 online casino in the second half of the year,Xiao Huilinbelieves that from the external environment, the international situation faced by China's overseas w88 online casino is relatively complex, with economic risks, geopolitical risks and compliance risks. Therefore, the situation of China's overseas w88 online casino in the second half of the year is not optimistic. However, judging from the domestic situation, China's endogenous force for overseas w88 online casino is relatively strong. With the implementation of a series of national relief measures, enterprises have fully resumed work and production, and the domestic economy has gradually recovered towards normalcy. It is expected that foreign w88 online casino in the second half of the year will move forward amidst difficulties, gradually return to normality, and is expected to rise steadily.
The epidemic will have a lagging impact on w88 online casino activities. Pang Chaoran said that in the second half of the year, China's overseas w88 online casino development will still face certain pressure. Therefore, we should pay close attention to the changes in the external situation and give better play to the positive role of the new development pattern in which foreign w88 online casino serves the domestic cycle as the main body and the domestic and international dual cycles mutually promote each other. Enterprises should also make adequate preparations and corresponding plans based on the international and domestic situations to effectively prevent external risks.
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