BEIJING: The Chinese economy will continue to remain on a steady recovery path with supportive government measures gradually taking effect, according to China’s top economic regulator. Zhao said at a news conference here that China’s economy has maintained a recovery trend this year despite fluctuations in months such as March, April and July, thus showcasing its strong resilience and great potential. Lloyd Chan, senior economist at think tank Oxford Economics, said China’s economy has picked up in the third quarter after an unsatisfactory performance in the second quarter. “Authorities are implementing more policy measures to stabilise growth and improve the efficient deployment of resources to support employment, consumption and infrastructure investment,” Chan said. “We expect infrastructure investment will remain strong and do the heavy lifting to support growth,” he added.

Source: The Star October 19, 2022 10:02 UTC