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Overseas experts on resilience of China’s economy

Updated: Aug 06,2019 02:09 PM    Xinhua/

In the first half of this year, China’s economy has maintained a steady and positive growth, according to a recent meeting of the Political Bureau of the Communist Party of China Central Committee. The importance of economic work in the rest of 2019 was also stressed at the meeting.

Despite the downward pressure, increasing risks and challenges faced by the world’s economy, China has shown great resilience and potential.

Angel investor Steve Hoffman from Silicon Valley said he was optimistic about the prospects of China's economic development, saying that China’s economic measures and policies to further opening-up and back private sectors have efficiently beefed up its industries and benefited the world.

Secretary general of the Cairo-based Egyptian-Chinese Commerce Chamber Diaa Helmy said China’s promotion of win-win cooperation has made the country a leader in the world’s economy.

He said China’s steady growth, characterized by development and mutual benefit, is an example for other developing countries. The country has kept its own pace while struggling to fight external economic and trade conflicts, releasing more potential for global economic cooperation and investment, Helmy added.

John Sfakianakis, chief economist at Saudi Arabia’s think tank Gulf Research Center, said there’s great expectation for China’s economy, as it continues to restructure, upgrade and open up.

China is a powerhouse of the world economy and has provided valuable experience in poverty alleviation, as it has lifted hundreds of millions of people out of poverty in merely 40 years, said Sfakianakis.

A Kenyan international study expert said extensive consultation and efficient implementation are key factors in China's successful economic transformation, the model of which sets a good example for global poverty eradication and economic transformation.

He also said with its position in the global value chain and giant economic size, China’s development and stability is no longer its own concern, but a general topic relating to the prospects of the whole world’s economy.