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

researchers. 

  - 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.