Steady Growth: China's top economic planner to continue stabilizing economy

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The latest data from China's top economic planner shows that the nation's economy maintained its resilience in May. It also expressed strong opposition for any attempt to use China's rare earth materials to suppress the nation's development. CGTN's Zou Yun has more.

China's economic performance continued within a reasonable range and managed to deal with downward pressure in May.

The nation's power generation in the first 5 months rose 3.3 percent year on year. The consumption of liquefied natural gas in May rose 7% year on year.

Moreover, rare earth has become the latest flashpoint in U.S. - China trade tensions.

A spokesperson with China's top economic planner said as the world's largest supplier of such materials, China is willing to try its best to satisfy global demand for rare earth as long as it is used for legitimate purposes. But government resolutely opposes any attempt to use products made with China's exported rare earth material to suppress the country's development.

MENG WEI, SPOKESPERSON NATIONAL DEVELOPMENT AND REFORM COMMISSION "Mutual benefits and win-win cooperation need the sincerity of all parties. Some countries ignore global trade rules and destroy the global industrial chain. We resolutely oppose anyone trying to curb and suppress China's development with the use of its rare earth resources."

Moreover, the commission is collecting opinions on pursuing high-quality development, and will roll out rare earth policies as soon as possible.

ZOU YUN BEIJING "China's economic growth in the first 5 months of the year remains resilient, yet the headwinds and downward pressure ahead are still strong. Chinese senior officials say China could maintain long-term economic fundamentals by stimulating market vitality and social creativity. ZY, CGTN, BJ."