China Press: China is a booster rather than a burden for the global economy

Responding to recent news about the underperformance of the Chinese economy, China’s Xinhua News Agency noted in a commentary on Tuesday, China is a booster rather than a burden for the global economy.

Key Quotes:

“Although the slowdown may linger at least in the near future, China's transition to a services and consumption-driven economy will unleash huge demand and business opportunities and will only improve the lackluster global situation”

“However, the country has to strike a balance between remaking the economy and securing growth to create jobs”