China has been a major stabilizer and driving force for the world economy, contributing more than 30 percent of recent growth. Its GDP in Q1 grew 6.9 percent year on year from the same period in 2016.
Li Daokui, an economist with Beijing-based Tsinghua University, is optimistic, predicting growth will accelerate next year with rising private investment and improved government efficiency.
"It is forecast the growth speed (of China's economy) this year will be the same as last year. In 2018, the economy will begin to go upward, largely due to rising private investment," said Li.
According to Sun Pishu, chairman of China's cloud computing and big data provider Inspur Group, the country's supply-side structural reform has delivered success.
"Profound changes have taken place in China's economic structure, with growth engines shifting to innovation and investment becoming steadier," said Sun.
Established by the World Economic Forum in 2007, the Summer Davos forum is held annually in China, and alternate between the port cities of Dalian and Tianjin.
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