Chinese President Xi Jinping on Wednesday urged a joint global push to uphold true multilateralism and foster an open and sharing services economy to inject vitality into the world's economic recovery, at a time when the global economy is grappling with a conflux of the still-raging pandemic, geopolitical tensions and rising concern over a global recession.

About 78.34 percent of respondents from 22 countries believe the Chinese economy has injected vitality into the global economy in a decade and has become the engine of the world economy.

the cross-border e-commerce cooperation between Malaysia and China, particularly in Guangxi, is set to expand even further

it will serve as fresh impetus to the world economy

Although the global economy is facing mounting uncertainty and sluggish growth due to COVID-19, economic and trade cooperation between China and Europe, which maintains sound momentum based on complementarity and mutual benefit, can act as a counter-balancing force and help stabilize the world.

China is able to maintain its own cycle of monetary easing and will inject momentum into the world economy amid fears of tighter global financial conditions, experts said on Mar.3.

The expulsion of Russia from a major global financial system will cast a shadow over the world economy, which has already been hurt by the COVID-19 pandemic

"It is time for China to upgrade its development pattern, as the world economy has entered a long period of stagnation and is bothered by protectionism and an anti-globalization movement while, at the same time, China's labor costs are soaring and the domestic market is growing."