China's long-term economic growth fundamentals will not change -President Xi

BEIJING, July 16 (Reuters) – Chinese President Xi Jinping said China’s long-term sound economic growth fundamentals will not change, the official Xinhua news agency reported on Thursday as China reported better-than-expected second-quarter growth.

Xi made the remarks in a letter to global CEOs, the report said. It did not provide other details.

China’s economy grew 3.2% in the second-quarter from a year earlier, data showed on Thursday, recovering from a record contraction as lockdown measures ended and policymakers stepped up stimulus to combat the shock from the coronavirus crisis. (Reporting by Beijing newsroom; writing by Se Young Lee Editing by Shri Navaratnam)

source: yahoo.com

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