Beijing, Jan. 25 (Xinhua) -- During the turbulent year of 2020, China took actions to inject momentum into the global economic growth by promoting cooperation and multilateralism.
China's gross domestic product (GDP) exceeded the 100-trillion-yuan (15.42 trillion U.S. dollars) threshold in 2020. The country is expected to be the only major economy to post growth in the pandemic-ravaged year.
Experts say China's growth will help drive the global economy.
Shakeel Ramay, Director of China Study Center at the Sustainable Development Policy Institute in Islamabad, says
China's GDP growth in 2020 "will be a good signal for the world economy."
China also vows to establish a new development pattern featuring dual circulation so that domestic and foreign markets can boost each other, with the domestic market as the mainstay.
Kwon Gi-Sik, President of Korea-China City Friendship Association, says the development pattern under the framework of openness, multilateralism, and international cooperation "will boost domestic demands and strengthen the links between the Chinese economy and the outside world."
In the face of the global economic downturn, the Belt and Road Initiative also brings opportunities for recovery.
Chairman of Pakistan's CPEC Asim Saleem Bajwa says China is very open to make the Belt and Road Initiative a joint venture of prosperity for the world.
