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China to continue powering global recovery

By Wan Xiangyu | China Daily | Updated: 2016-04-18 07:50

Some countries are playing up the "China threat" theory because, contrary to many foreign observers' expectations, China's economy has grown with its status on the world stage. China's economy grew 6.7 percent in the first quarter of 2016, reflecting its resilience to economic troubles across the world.

Moreover, China's strong growth has had a positive impact on the global economy, proving that the world's economic stability is linked to its sustainable development.

China's GDP reached 67.67 trillion yuan ($10.46 trillion) in 2015, an increase of 6.9 percent year-on-year, with the International Monetary Fund estimating that China's GDP might account for 15.5 percent of the world's total. Compared with the world's average economic growth rate of 2.4 percent, China's annual average growth rate was 7.3 percent from 2011 to 2015, the fastest among the world's major and developing economies. And during the last five years, its economic growth contributed more than 25 percent to global economic growth, which made it the most important engine of the world economy as well as the main driver of global economic recovery.

China to continue powering global recovery

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