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BEIJING, April 30 (Xinhua) According to the Chosun Ilbo Chinese website, the report "Assessing the Economic Recovery Strength of Major Emerging Countries" released by Samsung Economic Research Institute on the 29th said that among the 25 major emerging countries, China and Brazil are the countries that have suffered the least from the global economic crisis and the strongest strength to overcome the crisis in the future, followed by India and Russia.
The report is aimed at emerging market experts from the private sector, the National Economic Research Institute, securities companies and asset utilization companies, and asked questions. The results show that many people think that China is the first to enter the recovery stage.
Judging from the situation in China, the 4 trillion yuan economic support plan has shown full effect this year, maintaining a growth rate of 6% in the first quarter of this year. In March, China’s industrial output increased by 8.3% year-on-year, which was twice as high as that in the first two months of this year (3.8%), and China’s automobile sales reached a record high of 1.11 million vehicles.
Brazil’s retail sales increased by 4.9% in the first two months of this year, and 35,000 jobs were added in March. Brazil’s foreign exchange reserves are as high as $200 billion, and tax reduction measures such as lowering income tax implemented at the end of last year are showing results.
The report believes that the economic recovery time of India and Russia may be slow, but experts expect the two economies to show a strong rebound trend at the time of economic recovery.
The report also holds that Vietnam was the most favored investment country for foreigners after China before the global economic crisis. However, the improvement of investment environment, such as imperfect infrastructure, is slow, and foreign investment, as the driving force of economic growth, is also decreasing. Therefore, most forecasts believe that it is difficult for the economy to get upward momentum in a short time.
In addition, most eastern European countries used to introduce funds from western Europe and other overseas countries to achieve economic growth. Therefore, experts predict that due to the global economic crisis, the inflow of overseas funds will be interrupted and the outflow of funds will deepen, which will be the hardest hit in the world and the recovery speed may be the slowest.
Editor: Tang Liang