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China's steady economic recovery boosts global expectations for future growth

Updated: July 20, 2022 10:42    Xinhua

China's economy has shown a stabilizing trend despite downward pressures in the second quarter (Q2) brought by the complex global environment and domestic COVID-19 resurgences.

Data from the National Bureau of Statistics (NBS) showed on July 15 that China's gross domestic product (GDP) expanded 2.5 percent year-on-year in the first half of 2022, showing resilience and potential amid headwinds.

The positive growth China secured against all the odds has boosted global expectations for the country's future growth.

Economists and observers worldwide have argued that China remains one of the world's most reliable growth engines with its solid economic foundation and resilience.

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