Pessimism can't cloud silver lining for economy

China's slowing economy has exacerbated the gloomy sentiment about the world's most populated market and sparked worries about massive job losses amid potential company collapses and loan defaults.

But I firmly believe that this pessimism has been overdone.

Economic growth is slowing, but a year-on-year expansion of about 7 percent, or even slightly lower than that, is very positive in a global context. A recent survey by recruiting experts Hays has not only provided a snapshot of China's economic status, but also added weight to the bullish outlook amid the country's huge growth potential.