Experts on China's economic performance

CNC
Added On July 17, 2019

According to the National Bureau of Statistics, China's economic performance was generally stable and remained within a reasonable range, creating a strong foundation for realizing the government's annual growth target.
 
The GDP growth was achieved despite slowing global demand, weak international trade and downward pressure on the domestic economy.
 
And China remained one of the world's fastest-growing major economies.
 
SHENG HAI, Analyst, Industrial Securities
"The economy is resilient. The government has introduced a series of measures to boost economy, such as tax cuts, which will promote investment and consumption growth. This will offset some of the downward pressure on economy. I think the downward pressure is manageable."
 
In the second quarter, the economy rose 6.2 percent from one year earlier, a retreat from 6.4 percent in the first quarter.
 
Despite the deceleration in growth, business activity began to rebound in June, with almost all growth indicators beating expectations.
Retail sales were up 9.8 percent year-on-year, from 8.6 percent in May. Industrial output growth accelerated to 6.3 percent, from 5 percent the month before.
 
ZHANG CHUN, Executive Director, Shanghai Advanced Institute of Finance
"The foundation of the Chinese economy is solid, including the size of the domestic market and the consumption capacity of the general public."
 
Official data showed that consumption continued to play a major role in driving economic growth, with final consumption contributing to 60.1 percent of the economic expansion from January through June.