It's always unwise to bet against Chinese economy

The Chinese economy's resilience, reflected by such factors as stable GDP growth, mild consumer inflation, increasing corporate profits and rising household incomes this year, will disappoint those doomsayers that have been consistently short on the world's second-largest economy for its high debt levels and new uncertainties as a result of its trade disputes with the United States.

As Yi Gang, governor of the central bank, said at an academic symposium over the weekend, China is well on course to achieve its preset GDP growth target of around 6.5 percent for the year, and it could possibly be higher; since economic indicators, such as the consumer price index, trade balance and consumption, show that the economy's fundamentals remain stable and that it is becoming more healthy with domestic demand becoming a more important driving force for growth.

China has also managed to keep its overall leverage levels under control as its debt levels have stabilized after increasing for many years in the post-crisis era, as shown by the research of some academic institutions.