China capable of maintaining sustainable economic growth

BEIJING - Facing an increasingly complicated external en­vironment and more un­certainties, China is fully confident in and capable of maintaining sound, healthy and sustainable economic growth, said an official with the country’s top economic planner. China faces the triple pressures of demand contraction, supply shocks, and weakening expecta­tions. But its economic re­silience, massive potential, bright prospects, and long-term sound growth trend remain unchanged, an of­ficial with the National Development and Reform Commission told media. As the country’s gross domes­tic product exceeded 114 trillion yuan (about 18 tril­lion US dollars) last year, its ability to combat risks and shocks has further increased. China’s energy supply has seen marked improvement with increas­ing coal production capaci­ties and declining prices, the official said, adding that its potential for con­sumption growth remains massive, and the emerging industries are booming. 

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