China's steady economic recovery boosts global expectations for future growth

"The government is nurturing thousands of groups, big and small, in the fields of data science, network security and robotics," which are working to "upgrade China's industrial infrastructure," The Economist said in an April article.

China's economy is growing again, which is a good sign, said economic researcher Mohammad Ramadan based in Kuwait , noting that he is optimistic about China's recovery and sees great potential in the economy.

Echoing such positive sentiment, Stefan Hartung, chairman of the board of management of German multinational engineering and technology company Bosch, said he expects a "better" second half of the year.

Sethaput Suthiwartnarueput, governor of the Bank of Thailand, also expressed his optimism about the Chinese economy's medium- and long-term development prospects, noting that the authorities have sufficient policy space to address any downward pressure.

China is also at the global forefront of the digital economy and sustainable development, two new drivers of economic growth for the country's medium- and long-term growth, he said.