Despite global economic uncertainty, China’s economy has shown remarkable resilience, said Chief Economist for Asia Pacific at Natixis Alicia Garcia-Herrero. Facing pressure in April, China’s front-loaded demand eased downside risks, and fixed-asset investment underpinned its steady growth.

Looking ahead, the services sector may become a new driver; monetary policy is being cautiously yet proactively adjusted, with room to cut interest rates and reserve requirements; fiscal stimulus should be slow and steady to mitigate structural slowdown. Overall, the latest data indicate that China’s economy remains robust with a promising outlook. (Chen Tianhao)