Keeping up with opening-up

August 5, 2020

Experts say China key to global recovery

The world's second-largest economy recorded 3.2 percent growth in the second quarter, according to the National Bureau of Statistics, and has the potential to lead the global economy out of recession in the months ahead.

President Xi Jinping made clear in a letter to global CEOs published on July 16 that the fundamentals of China's long-term economic growth had not changed despite the pandemic.

He said the country remained committed to deepening reform and further opening up its economy to provide a better environment for investment and one in which Chinese and foreign enterprises can thrive.

The commitment makes China an attractive place for investment as the world recovers from the pandemic, and the strength of China's economy offers a pathway to global recovery.