Roundup: Global business leaders remain confident over Chinese economy

DAVOS, Switzerland, Jan. 17 (Xinhua) -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy.

Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, higher than the annual target of around 5 percent, according to data from China's National Bureau of Statistics (NBS) released on Wednesday. The country's GDP reached a record of 126.06 trillion yuan (about 17.71 trillion U.S. dollars) in 2023.