[2023 National Audit] Choo Kyung-ho: "No Decoupling from China... China is Very Important to Our Economy"

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho stated on the 19th, "China is a very important country to our economy, and cooperation will continue in the future based on mutual benefit and respect."

On the same day, during the National Assembly's Planning and Finance Committee audit held at the Government Complex Sejong, Deputy Prime Minister Choo responded to a question from Jeong Tae-ho, a member of the Democratic Party of Korea, who said, "The business community is feeling anxious about decoupling from China."

Deputy Prime Minister Choo emphasized, "Isn't there talk about the possibility of holding a Korea-China-Japan summit now? There is no reason to ignore or turn our backs on China."

Regarding the economic trend in the second half of the year, he said, "In the first half, it was 0.9%, and in the third quarter, it will be in the low 1% range. Then, in the fourth quarter, unless there are special external shocks such as from Israel, the outlook is much better," adding, "Various current economic indicators are explaining this."

[Image source=Yonhap News]

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