2022.05.25 15:52 GMT+8

Former vice minister of finance says Chinese economy resilient to external headwinds

Updated 2022.05.25 15:52 GMT+8
CGTN

Global economic activity is ebbing again due to geopolitical events such as the Russia-Ukraine conflict and economic challenges arising from COVID-19 flare-ups and surging inflation. Though China has remained largely insulated from the broader economic fallout, it has also faced strains due to coronavirus outbreaks in some production hubs. Though economic growth has still not lost steam, it has been slowing down, raising concerns of whether growth can be sustained in the long term. To help dispel myths and shed light on major aspects of the Chinese economy, our reporter Wang Hui spoke to former Chinese Vice Minister of Finance, Zhu Guangyao, regarding the impact of major geopolitical events and the course corrections China needs to keep its economy ticking.

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