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Overseas media upbeat about China’s growth prospects

Updated: Mar 18,2016 4:55 PM

Overseas media are upbeat about China’s growth prospects, saying that the world’s second-largest economy and important engine for economic growth has outlined a series of measures to cope with downward pressures on its economy.

China vows no hard landing at its two sessions and pledged to continue to promote the reform of its financial markets and internationalization of the Renminbi despite economic fluctuation.

-- BBC

The two sessions convey Chinese top leaders’ confidence toward its economy, and the influence of China’s macro-control is seen to be expanding from specific economic fields to every aspects of the society.

-- Reuters

Premier Li Keqiang stressed at the press conference that measures including relaxing government restrictions, cutting taxes and undertaking supply-side reform can boost China’s market vibrancy and help achieve the goal of economic development.

-- Nihon Keizai Shimbun

As Chinese leaders are supportive of the development of e-commerce, recent years have witnessed its rapid growth in rural areas, with a growing number of farmers starting to sell their products online.

-- a Bulgarian business website

China’s growth rate did not slow down despite a lowered target of 6.5 to 7 percent, which aims to facilitate structural reform while making sure the goal of achieving a well-off society by 2020 is accomplished.

-- Vietnam News Agency

As the world is most concerned about how China would seek a sustainable growth model to withstand the downward pressure on its economy, the country has outlined plans including supply-side structural reform at the two sessions and made it clear that development and reform will be pursued with equal importance.

-- Korea Times