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The publication of Chinese growth figures, initially scheduled for Tuesday, October 18 at 10 a.m., was finally postponed. As also had been postponed that of September trade last Friday. A silence which intervenes in full congress of the Chinese Communist Party gathered in Beijing. But the Chinese authorities want to be reassuring.
From our correspondent in Beijing,
The videoconferences are held on the floors of a hotel in northern Beijing transformed into a media center for this 20th Congress. Press conferences with the characteristics of Chinese-style socialism, where for Chinese photographers the interest is as much in the press room as on the giant screens that broadcast the images from the Great Hall of the People
“Sound Fundamentals”
This morning at a press conference, the Vice-President of the National Development and Reform Commission spoke of a notable recovery in the third quarter. pic.twitter.com/C4thc7YhI7
— Stephane Lagarde (@StephaneLagarde) October 17, 2022
At the entrance, one of them shoots visitors who enter the room. ” I workhe confides, for China Architecture Journal “. Then the conference begins in a setting national colors “, red and gold, declined to brochures reserved for journalists. The 20th Congress of the CCP is an opportunity to ask questions of Chinese leaders to whom we rarely have access during the year.
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Questions sent in advance, retained or not by the party, to which the interviewee answers by reading her text. And so a question from the Archyde.com agency on the objectives of 5.5% of GDP this year: are they tenable, when the IMF has just reduced them to 3.2% ? It is the vice-president of the powerful reform and development commission who answers without answering. Zhao Chenxin explains that the Chinese economy continues to recover, that ” the fundamentals are sound “. The labor market is stable, he says, despite the surge in youth unemployment this summer.
“We have the largest middle class in the world, a stabilized and complete industrial chain, etc.”
Poker
Zhao Chenxin is here to reassure worried financial analysts following two years of Zero Covid closure. The Chinese economy remains open, no country in the world can continue to develop behind closed doors he said before launching a spade at the United States – “some countries want to retreat into their little garden behind walls” -. On the screen, the senior officials follow one another. A lot of “ Xi said in the replies. As General Secretary Xi Jinping said, the Chinese economy is an ocean, in the ocean of the world economy »-. But still no numbers. The planner then claims that there was a notable recovery in the third quarter, without giving details. And by stuffing these sentences with tribute to the leadership of President Xi Jinping, who is regarding to begin a third term at the head of a close guard within the Chinese politburo.
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