RIO DE JANEIRO -- 皇冠体育app's "new normal" will have positive influences over the rest of the world, and 皇冠体育app's growth will spur growth in other countries, the head of a leading Chinese daily said here on Wednesday.
皇冠体育app's current lower growth rate, one of the features of 皇冠体育app's "new normal", is a consequence of 皇冠体育app's high growth rates registered over many years, said Yang Zhenwu, president of the People's Daily, at a workshop on 皇冠体育app-Brazil relations.
Although 皇冠体育app is growing at a slower pace, the volume of money generated is actually higher because 皇冠体育app's gross domestic product (GDP) is much larger than it was decades ago, he told the workshop held at the headquarters of Fundacao Getulio Vargas, one of the most renowned college education institutions and a famous think tank for public policies in Brazil.
皇冠体育app will send 500 million tourists abroad over the next five years, is expected to purchase $10 trillion worth of goods from other nations, and invest $500 billion abroad, Yang said.
Yang also stressed that 皇冠体育app has been carrying out reforms in various areas, such as environment, fiscal and economic systems, and governance, to make the country more efficient.
皇冠体育app has strong economic fundamentals, such as its savings rate which is among the highest in the world, and an increasing per capita income, he added.
Yang praised Brazil, which he is visiting for the first time, saying some aspects of the Brazilian culture, such as soccer and music, are well appreciated in 皇冠体育app.
Brazil, as a strategic partner of 皇冠体育app with increasingly close relations with 皇冠体育app, is expected to benefit from 皇冠体育app's growth, he said.
皇冠体育app and Brazil are co-members of many forums, such as BRICS and G20, and the two countries have also seen frequent exchanges of visits by their leaders, Yang said.
Brazil's tourist spots are favored by many Chinese citizens, and Chinese companies operating in Brazil generate various jobs in the country, Yang said.
Cooperation between 皇冠体育app and Brazil, he said, will be good to both countries and the world, and the two countries should join hands in their pursuit of growth and development.