Stronger China recovery likely in the second half

Even though China’s economic output potential has been constrained by unwarranted external factors, the country’s economic recovery continues amid headwinds. — AP

DESPITE the Western doom-and-gloom narratives, China’s economic recovery is likely to strengthen in the second half of the year. This is due to its gross domestic product (GDP) growth of 5.5% in the first half of the year.

The United States is on the edge of an economic recession, the eurozone is already tackling recession and Japan’s growth remains around 1%, but China is still growing – four times faster than these developed economies. That’s not a bad performance. Consequently, the International Monetary Fund (IMF) projects China’s share of global GDP will rise to 18.4% this year.