Chinese Economy is Likely to Benefit from Korean Stand Off

Chinese Economy is Likely to Benefit from Korean Stand Off
Chinese Economy is Likely to Benefit from Korean Stand Off

Chinese Economy is Likely to Benefit from Korean Stand Off

Chinese Economy is Likely to Benefit from Korean Stand Off, The uneasy standoff on the Korean Peninsula represents no risk to the Chinese economy, which has flourished for the current year, Chinese finance expert Liu Zhiqin told Sputnik.

In a meeting with Sputnik, Liu Zhiqin, a specialist with the monetary research foundation at the People’s University of China, said that the flourishing Chinese economy won’t be influenced by the continuous strains on the Korean Peninsula. As indicated by China’s National Bureau of Statistics, the nation’s GDP in the main quarter of 2017 developed by 6.9 percent, which was above the official figure and specialists’ desires. Likewise, this ended up being the most noteworthy development rate China’s economy has been successful to endure since 2015. Zhiqin called attention to that China’s capacity to keep on maintaining its financial development at 6.7-6.8 percent will depend “on various outer and inside elements.”

“The Chinese economy won’t be harmed by the present circumstances on the Korean Peninsula, which could even positively affect China’s monetary development. Various neighboring and Western nations, who are expecting that the circumstance in the area will exacerbate, could pre-buy or pre-arrange Chinese merchandise in expansive amounts in order to amass them,” he said. Zhiqin included that despite the fact that the circumstance on the Korean Peninsula “will without a doubt influence China’s exchange ties with North Korea, Beijing’s current flow of exchange with Pyongyang is ‘a drop in the sea’ in the light of China’s background in overall foreign exchange turnover.”

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