Given the faster-than-expected recovery in industrial value added, investment and consumption, together with the resilience and agility of the export sector as shown in the May trade data, Oxford Economics, a British think tank, raised its forecast for China's economic growth to 2 percent for this year, said Tommy Wu, a senior economist with the institution.
Global leading agricultural equipment manufacturer CNH Industrial is betting on China's market potential to generate new revenue growth, a top executive said.
Germany has also been benefiting from German-Chinese codevelopment since. Today, both countries expand their cooperation: the Fourth Industrial Revolution, new technologies, everything related to nurturing and cultivating our body's energies and well-being (such as food, medicine, recreation and nursing). Furthermore, arts, music, design and architecture, science and academia and many more fields involve present-day cooperation as well as prospects for future cooperation. Together, both nations share many responsibilities for the global economic system.
Gita Gopinath, the IMF's chief economist, said China's growth slowdown could be faster than expected, especially if trade tensions continue.
Geng was speaking at a daily news conference after EU diplomatic chief Federica Mogherini talked about the situation in Hong Kong on Friday.
Gina Haspel, Pompeo's deputy at the CIA, would be the first woman to lead the agency. Both nominees face a confirmation hearing by the Senate.
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Geng quoted the latest statistics and said China's GDP grew 6.1 percent in 2019, ranking among the major economies seeing the fastest growth, and that its per capita GDP has exceeded ,000.
German Chancellor Angela Merkel looks on as she attends a news conference at the Chancellery in Berlin, Germany, May 16, 2019. [Photo/Agencies]
Given the uncertainty that surrounds Britain's future relationship with its nearest neighbors, and the unpredictable behavior of its previous best friend, the United States, the country is casting its eyes around for new trading partners and friends for the coming years. And few nations look quite as attractive as China.
Geographical proximity and close ties between the two nations provide the company a particular advantage, said Alex Li, general manager of Asia Pacific at Alibaba Cloud.