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The fact that China is facing...........>

CHINA PRESS: The fact that China is facing pressures from an economic slowdown
does not mean China's economy will collapse, as the country remains resilient,
the official People's Daily said Friday, citing officials and government
  - China's economic resilience lies in its fast consumption growth, which will
continue to support its economic growth, said Niu Li, deputy director of the
economic forecasting department at the State Information Center; 
  - Stable investment growth buoyed by recent new policies and China's efforts
to diversify its export markets will also help the economy remain resilient, Niu
said, according to the newspaper; 
  - Despite both domestic and external challenges, especially amid trade
frictions with the U.S., various factors will help China reach this year's GDP
target, said Xu Wei, researcher at the macro-economy research department at
Development Research Center of the State Council.

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