Reports released by the Bank of Korea show that China's reinvention and economic restart will promote China's economic growth to rise by two percentage points this year, which can increase the economic growth rate of South Korea by 0.3 percentage points.
According to the Yonhap News Agency, the report released by the Bank of Korea on Monday (February 27) stated that due to the restart of the economy after the epidemic, it is expected that China's economic growth will rise from 3%last year to 5 this year.%, And it is expected to promote the economic growth rate of South Korea by 0.3 percentage points this year.This is due to the increase in South Korea's exports to China and Chinese visitors to South Korea.
In terms of exports, South Korea's exports to China have shrunk sharply during the epidemic, but it is conducive to the restart of the Chinese economy, and it is expected to gradually increase from the second half of the year.The first one who has improved will be the export of chemical products, and the exports of electronic products such as smartphones and semiconductors are expected to recover one after another.
In terms of tourism, the obligation to appease the crown disease of the people from China will be canceled from the 1st of next month, and it is expected to increase from Chinese tourists visiting South Korea; because Chinese tourists' per capita consumption is much higher than higher than the per capita consumption of Chinese tourists is much higher than thatFor tourists in the United States and Japanese, every 1 million visitors to South Korea are expected to increase the growth rate of 0.08 percentage points of GDP (GDP).
But the central bank pointed out that China's intermediate product ’s localization rate is quite high, and the Chinese economy may recover centered on consumption, plus the downturn of global demand, these sharp factor may cause China to re -open to the South Korean economy to bringThe benefits are less than the average of the past.
