China is set to achieve its annual economic growth targets despite the weak global economy, Premier Li Keqiang said at a news conference on Wednesday.
U.S. experts are confident that the Chinese economy will see a slower yet more dynamic growth, with a more optimized structure and global outreach.
Downward pressure on China's economy may remain, but indicators are starting to show the economy stabilizing and the effects of supportive measures are beginning to be felt.
The draft of China's 13th Five-Year Plan, which is submitted to lawmakers for review and approval during the ongoing two sessions in Beijing, has shown policy-makers' resolve to stick to the path of making the economy more modern and open.
U.S. experts said China's official gross domestic product (GDP) data is consistent with the overall strength in the world's second largest economy and remains a useful and reliable indicator of the country's economic growth.
Emmanuel Gros and his cousin Cyril Benoit, two French entrepreneurs who deal with investment business between China and France, have closely monitored the evolution of the Chinese economy for at least four years. As witnesses on site in China, they were surprised by the negative image of the Chinese economy described by some Western press.
Despite the current slowdown in growth, China's economy has been showing strong resilience and great development potential, as the government still has plenty of tools at its "toolbox" to bolster economic growth.
China and other world economies share weal and woe together amid global economic slowdown, and it is unreasonable to put all the blames on the world's second largest economy alone.
Finance ministers and central bank governors from the Group of 20 are expected to coordinate policy to support the fragile recovery of the global economy when they meet in Shanghai on Friday.
When American households still have vivid memories of struggling to make their ends meet in the worst financial crisis in decades, a new recession is seemingly around the corner.
A very possible recession within the next three years would take place in the United States, economists warned Saturday at a meeting of U.S. governors.
"Patience is bitter, but its fruit is sweet." The adage from Jean-Jacques Rousseau should be made familiar to those impatient with China's economic transition.
Amid growing concern over the "new mediocrity" of the global economy, China's latest economic data provide a snapshot that the world's second largest economy is resilient and full of vigor and vitality.
The Australian should expect weaker growth over the coming months as the outlook for the local economy in the first half of 2016 has declined, new figures show.
Chinese stock markets tumbled Monday after the week-long lunar New Year public holidays. The slide is not surprising as the stock markets in the United States, Europe and Japan all had a turbulent week.
The innovative spirit of Silicon Valley is still unique, but China's high-tech value creation is closing rapidly, and China has a huge market for the new economy, said Kai-Fu Lee, Chairman and CEO of Innovation Works.
As Republican Donald Trump and Democrat Bernie Sanders surged Tuesday to their victories in the New Hampshire primary, the second presidential contest in the U.S., voters are still unsure about their positions on economic issues, which are so far sidelined in the debates.
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