Foreign direct investment (FDI) into the Chinese mainland expanded 7.3 percent year on year in the January-July period, while FDI in July alone was up 8.7 percent year on year, higher than the 8.5 percent growth in June, according to the Ministry of Commerce.
Domestic consumption, already a dominant driving force of the economy, remains at a high level. A report from global measurement and data analytics company Nielsen showed that the consumer trend index stood at a relatively high of 115 points in the second quarter, similar to that of the last quarter.
Index levels above and below the baseline of 100 indicate consumer optimism and pessimism, respectively. The index measures perceptions of local job prospects, personal finance and willingness to spend.
"The economic structure has been continuously optimized, and the endogenous power of the economy has been enhanced. It highlights the resilience and vitality of the Chinese economy and effectively facilitates the long-term stable development," Justin Sargent, president of Nielsen China noted.
Meanwhile, China's burgeoning new economy features new industries and new forms and models of business, which have become new growth drivers.
These new growth drivers contributed 16.1 percent to the country's GDP last year, up 0.3 percentage points from one year earlier, according to the NBS.
However, it would be self-deceiving to say that there are no clouds on the horizon.
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