New drivers underpin China’s economic resilience in face of pressure and challenges

Amid the weakening global economic outlook, China’s economic performance in the first half of this year is a bright spot. Data released by the National Bureau of Statistics on Wednesday show that the country’s GDP grew by 4.7% from January to June year-on-year. The pace of growth of the world’s second-largest economy is in line with its annual target. China’s GDP grew 5% year-on-year in the first quarter. Although growth moderated in the second quarter, the economy has remained on a stable footing, with its underlying trend toward innovation-driven and high-quality development unchanged. The 22.1% increase in imports of goods […]

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