Why the Chinese economy is still rather resilient? [Video]

BEIJING, Aug. 1, 2024 /PRNewswire/ — A news report by China.org.cn on China’s economy:

Lately, the international community has fixed its attention further on China’s economy, with some voices of questioning and concern in between. But judging by China’s economic data from the first six months of 2024, there’s still considerable resilience in China’s economic development, and the Chinese economy will maintain a positive trajectory over the long run.

Where is the statement grounded?

Judging from the numbers, China’s GDP saw a year-on-year increase of 5.0% in the first half of 2024. Given the relatively weak momentum in the global economy, the frequent frictions in international trade, and insufficient domestic demand in China, the overall stable performance of China’seconomy bears testament to the resilience of the Chinese economy. Seeing into it, such resilience stems from rather complete industry categories and the advantageous industry chain …